Asia Crude Oil News

Crude oil futures were poised to finish at their highest level since October 2018 on Friday, as follow through buying, lower global stocks and an uncertain outcome from OPEC+ underpinned the sentiment...

Middle East crude moved up Friday eased slightly but held close to 26-month highs, while gasoline cracks firmed for a seventh session but distillates continue to struggle...

Middle East crude oil benchmarks Dubai and Oman, both medium sour crudes, surged by around 3.5% in the week ending June 25, as prices registered fresh two-year highs on firm demand outlook.

While the OPEC+ producer group will congratulate itself on a job well done at its latest virtual gathering on July 1 with global crude prices comfortable in the $70s per barrel territory, spare a thought for tanker owners as VLCC freight rates languish...

Indian conglomerate Reliance Industries is to invest more than $10 billion dollars in green energy over three years ...

Crude oil futures rebounded strongly in late-afternoon London trading Thursday after after the US released strong jobs data, which countered the earlier bearish sentiment over potential production increases from the OPEC+ group.

India's oil minister has once again urged OPEC+ to speed up the rate at which it unwinds production cuts...

Hin Leong founder Lim Oon Kuin has been hit with 105 new charges by Singapore authorities investigating the collapse

Middle East crude prices moved up Thursday to new 26-month highs, while refined products...

Dubai's Department of Petroleum Affairs has set the official selling price for Dubai crude loading in September largely within expectations at...

US negotiators are prepared to return for a seventh round of indirect talks with Iran on re-entering on 2015 nuclear deal once the leadership in Tehran is...

Iraq's SOMO has canceled a fixed-price supply deal with China's state-owned Zhenhua Oil Co after crude prices increased by around 50%...

Brent crude futures were off from the 32-month highs in late afternoon London trading...

Upstream oil companies are set to record 13-year high free cash flows this year of $348 billion, as oil prices rise, investment stagnates and shale producers turn profitable ...

Middle East crude oil prices reached fresh 26-month highs Wednesday, although refined products continued to languish……

Japan's crude throughput dropped 2.5%, or 378,541 barrels, to a 4-week low of 14.964 million barrels in the week ending June 19 ...

Iran said on Wednesday that the US had agreed to remove all sanctions on Iran's oil and shipping, and take some senior figures off a blacklist, according to..

Iraq exported 2.9 million barrels per day (bpd) of crude oil in May, down 48,000 bpd on the month and 313,000 bpd on the year ...

The $100 per barrel crude oil scenario moved further into mainstream thinking this week as bosses from top oil companies warned about the investment gap...

Brent crude futures slipped lower in London afternoon trading Tuesday, after earlier breaking the $75/b mark for the first time since April 2019 ...