Asia Crude Oil News

Crude oil futures faced further volatility following news that a widely-reported Saudi/UAE agreement on production levels is still under discussion....

Shell and BP South African Petroleum Refineries, responsible for 35% of South Africa's refinery capacity, has implemented a force majeure due to ongoing unrest

Japan's crude stocks hit an 8-month high of 74.057 million barrels in the week ending July 10 after refiners cut throughput and available capacity ...

Middle East crude prices strengthened for the fourth consecutive day Wednesday as Asian markets settled before the breaking news that...

Germany's Commerzbank is expecting Brent crude oil to close the year at $75/barrel in its most likely scenario ...

he Abu Dhabi National Oil Company (ADNOC) announced Wednesday further investment in its offshore sector support its production capacity expansion...

Crude oil futures soared to intraday highs amid a renewed technical rally underpinned by the latest....

US crude exports to Asia are poised to slowdown in July after a buoyant first six months of the year, said ship tracking and analytics firm Vortexa...

The deadlock between Saudi Arabia and the United Arab Emirates on a deal to increase oil output from August could last into next month...

Covid pandemic has sped up the transfer of refining activity from Europe to China.

Crude prices continued to firm Tuesday on strong IEA data and the OPEC+ impasse, while refined products...

Imports of crude oil in China rose marginally in June compared to a month earlier, but remain...

The IEA reported a demand surge of more than 3 million bpd in June versus May, but has maintained its 2021 demand growth forecast...

Crude oil futures rebound from lows on OPEC+ deal standoff, but Delta variant cases across the globe raise demand concerns...

There are currently no plans for heads of state to discuss the proposed OPEC+ deal in an attempt to move forward ...

Middle East crude prices opened the week firmer, while refined product cracks were little changed...

Saudi Arabia has placed a cap on domestic gasoline prices to boost economic activity and reduce the cost of living, with Saudis paying record prices...

Front and second month crude futures spreads have narrowed sharply over the past few days...

Iraq's State Oil Marketing Organization has increased its Official Selling Prices for Asian buyers lifting August crude oil...

Saudi Aramco is set to supply full contractual volumes in August for customers, but has turned away requests for extra barrels...