Asia Crude Oil News

Net earnings at China National Offshore Oil Corporation (CNOOC) during the first half of this year tripled...

Crude oil futures were drifting lower again Wednesday afternoon in Europe after US weekly oil inventories...

India has begun selling oil from its Strategic Petroleum Reserve (SPR) to state-run refiners under a new policy to comercialise its federal storage...

Middle East crude prices edged higher Wednesday breaking a four-day losing streak, while refined products saw gasoline cracks rebound ...

China's economic planning body the NDRC has issued new warnings to some local governments that missed targets to control energy intensity...

Iran has launched a new process to boost the pace of production of enriched uranium that now reaches 60%, a level considered increasingly close to the threshold ...

Crude oil stocks in Japan hit last week the lowest level in six months and likely the second-lowest in several decades ...

Shares in both BHP Group and Woodside Petroleum dropped following the announcement that the companies would merge oil and gas...

Qatar Petroleum (QP) has awarded its monthly Al Shaheen tender for October loading at premiums ranging from around Dubai +$2/b to ...

Premiums for Russian light sweet Sokol crude for October-loading have retreated sharply, reflecting the slowdown in Chinese spot buying and weaker refining...

Crude oil futures bounced back mid-afternoon in Europe after the release of mixed economic data in the US ...

Five workers have been injured following an explosion at the Yarudeiskoye oil and gas condensate field...

The US Treasury Department has imposed sanctions on Omani national Mahmood Rashid Amur Al Habsi and his businesses ...

The Brent/Dubai cash spread and the Brent/Dubai EFS have moved sharply lower during August, with both indicators at multi-month lows...

Middle East crude prices eased for the fourth day in a row although spot activity livened up, while refined

Premiums for Russia's ESPO crude oil have continued the summer-long downwards trend this week, amid the continued slump in Chinese spot demand,...

Russia will increase its export duty on crude oil by $3.20/mt to $64.60/mt for the period starting September 1 ...

Oil futures recovered late afternoon in Europe, with Brent bouncing back around $1.50/b from its intraday low, but prices were still down...

The Shell Petroleum Development Company of Nigeria Limited (SPDC) declared force majeure on its...

Demand for gasoline and diesel in Pakistan surged past pre-pandemic levels in June hitting...