Asia Crude Oil News

The Biden Administration has again engaged with OPEC ahead of next week's OPEC+ meeting, as international oil prices reached three-year highs...

Brent crude oil futures eased back from the three-year high of $80.75/b as natural gas prices also pulled back from the day's peaks,...

Using carbon offsets to mitigate the climate impact of producing and selling fossil fuels is not enough and the industry must...

Oil demand for use in power stations could rise by a further 45% in Asia, or 400,000 bpd, if LNG prices remain firm...

Middle East crude oil registered gains for the sixth consecutive day to hit fresh three-year highs...

OPEC does not expect oil demand to plateau until the mid-2030s, while oil will remain the largest component of the international energy mix until at least...

Bangladesh has paid a record import price for a spot cargo of liquid petroleum gas (LNG) as consuming nations scramble for supplies...

French energy major TotalEnergies predicted peak oil before the year 2030 in its latest demand forecasts, with consumption dropping...

Crude oil futures in European trading hours Monday gained more than 1% as Brent rallied to fresh three-year highs, while WTI registered its highest level...

India's state-owned Bharat Petroleum Corp oil refiner – which is in the process of being privatised...

An increase in the cost of carbon to $100/mt could add $12-$15/b to the cost of oil production with investment in fossil fuels...

Abu Dhabi National Oil Co (Adnoc) has informed its term customers they will receive full allocations in December, according to reports...

Middle East crude oil prices followed the Brent complex in surging to three-year highs, while light...

Australia's Beach Energy has inked a five year LNG supply deal with BP Singapore from its Waitsia onshore gas project in Western Australia...

Global oil demand is expected to reach 110 million barrels per day in the next decade despite...

China National Offshore Oil Company, the state-owned offshore oil and gas major, plans to raise up to 35 billion yuan ($5.42 billion)...

The OPEC+ group of oil-producing countries has helped the oil market recover in an orderly way but a big supply...

Goldman Sachs expect Brent crude futures to reach $90/b by year end, an increase of $10/b from it's long-held $80/b...

The North Sea Brent marker has been the star performer this week among major crude oil benchmarks, making strong gains against...

China's state-owned oil and gas companies are set to splurge more than $120 billion on drilling and other oilfield services...