Asia Crude Oil News

Middle East crude oil benchmarks Dubai and Oman, both medium sour crudes, were little changed in the week ending July 23, despite heightened volatility after the OPEC+...

China Concord Petroleum Co, also known as CCPC, is playing a key role the supply of sanctioned oil from Iran and Venezuela, despite being blacklisted itself by Washington two years ago...

India to open up strategic oil reserves to the market in a bid to attract more private investment in storage facilities...

Crude prices rowed back from earlier session highs in late London afternoon trading hours Thursday, having earlier rallied after the European Central Bank left interest rates unchanged...

British bank sees a slow grind higher in oil prices over next few months...

Middle East crude rallied strongly Thursday as Dubai made gains on Brent, while Singapore distillates and gasoline cracks firmed...

US investment bank Morgan Stanley remains broadly upbeat on oil prices for the remainder of the, amid firm global economic recovery and cohesion among the OPEC+...

Saudi Aramco been hit by a $50 million cyber-extortion attempt over leaked data from the company...

Premiums for Russia's ESPO have retreated sharply this month on a combination of scant spot demand from China and a weaker Dubai market structure...

Crude oil futures rose more than 4% in trade on Wednesday afternoon amid a softening dollar...

Middle East crude prices Wednesday were sharply lower from the previous assessments Monday, while product cracks....

Japan's crude throughput leapt 7% higher to 2.23 million barrels per day (bpd) in the week ending July 17, leading to a near doubling of products exports ...

After this week's crash in crude prices, news breaks that China is looking to flood the global market with fresh sour crude barrels ...

Shell and BP South African Petroleum Refineries (Sapref), responsible for 35% of South Africa's refinery capacity, announced it will restart its Durban plant...

Asian price assessments and commentary were suspended Tuesday due to a national holiday in Singapore.

Crude oil futures rose 1% on Tuesday during choppy trade, clawing back some lost gains...

The Emirates National Oil Company (Enoc) is considering restarting one of the two trains of its 120,000 bpd condensate splitter...

US investment bank Goldman Sachs said Tuesday it sees the impact of the Covid-19 Delta variant as limited, but has adjusted its firm price forecast following the sharp sell-off...

Fears that the current wave of Covid-19 infections could trigger demand destruction for oil is compounding changes to the structure of the market...

Crude oil futures fell again as US markets opened following the surge in Covid infection rates in south-east Asia...