Asia Crude Oil News

Saudi Arabia sharply increased OSPs for Asian customers on August barrels, reflecting tight supply/demand fundamentals...

US investment bank Goldman Sachs has reiterated its $80/barrel price forecast for this summer following the breakup of OPEC+ talks...

The Biden administration is urging OPEC and its allies to find a compromise solution to increase production...

Crude oil futures soared in late Monday afternoon London trading soared as July OPEC+ meeting was dramatically called off...

The July OPEC+ meeting was dramatically called off Monday as talks to pave the way for a resolution on production increases...

Crude nudges higher ahead of OPEC + talks, gasoline surges to fresh highs..

Shareholders of Refining NZ are to vote next month on converting the country's only refinery to a storage terminal...

Prince Abdulaziz bin Salman said late Sunday that OPEC+ must extend its output deal to then end of 2022, rejecting calls from...

OPEC+ is set for another round of talks Monday. While output is largely agreed on, the sticking point is UAE's bid for a higher baseline...

Brent pushes above $76/b on further delays to OPEC+ talks, strong US jobs data...

Nigerian legislators pass the Petroleum Bill after 20 years of wrangling as they seek to unlock the investment drought in the country...

Iraq exported 2.892 million barrels per day (bpd) of crude oil in June, down just 6,800 bpd from May but the lowest figure since January ...

Crude prices edged up to fresh 26-month highs Friday, while refined products....

Crude oil and condensate production in Russia totalled 10.38 million barrels per day (bpd) in June...

Russian crude oil exports to countries outside the commonwealth of independent states totalled...

China's two biggest energy firms are set to unveil 1H 2021 profits, reversing 2020 losses....

The OPEC+ producer group meeting ended Thursday without agreement, but is scheduled to resume Friday...

Crude prices rally, while gasoline prices once again led the products  complex...

Crude oil futures surge on reports of OPEC+ consensus for modest output hikes...

Shell is planning to sell its stake in Aera Energy, as it continues to shrink its fossil fuel portfolio ...