Asia Crude Oil News

Iraq, the world's sixth biggest oil producer, is planning to build eight nuclear power plants to close...

Crude oil futures pushed higher in early London trade Friday, after the International Energy Agency (IEA) said global oil demand is set to return to pre-pandemic levels by the end of 2022 ...

Middle East crude oil benchmarks Dubai and Oman, both medium sour crudes, strengthened by around 1.5%...

Kuwait has increased its Official Selling Prices (OSPs) for July crude oil sold to Asia, reflecting the firmer market structure and a similar move from...

Middle East crude benchmarks hit fresh two-year highs Friday, but gasoline lost ground...

A cocktail of bullish factors is expected to see Brent crude futures hit $80/b in the summer, much earlier than previously forecast...

Global oil demand is set to return to pre-pandemic levels by the end of 2022, said the International Energy Agency (IEA) Friday, while keeping its 2021 demand growth forecast at...

Brent crude oil futures briefly nosedived in late-afternoon London trading Thursday on erroneous rumors that the US had lifted sanctions on Iran

Iraq's State Oil Marketing Organization has mostly increased its July Official Selling Prices for Asian and European buyers, while cutting OSPs in the...

OPEC maintained its firm demand outlook Thursday, keeping 2021 world oil demand growth unchanged at 6.0 million barrels per day, led by the US and China...

Russia's Rosneft sells 5% stake in Vostok Oil to Vitol and Mercantile & Maritime Energy...

Global commodity trader Trafigura announced Thursday a sharp uptick in first-half year net profits to $2.1 billion, up from $0.5 billion in the same period 2020 ...

New Zealand's refined product consumption dropped 6.8% in the first quarter of the year to 1.737 million mt, led lower by a fall in road fuel demand and a small dip in jet fuel consumption ...

Abu Dhabi National Oil Company (ADNOC) has sold several cargoes of straight run fuel oil this week, after an outage on the Residue Fluid Catalytic Cracker at its...

Dubai structure soars to 17-month high, naphtha cracks stumble following three-week bull run.

Crude oil futures rallied during London afternoon trading Thursday, buoyed by OPEC maintaining...

Crude oil futures Wednesday resumed the strong upwards momentum hitting fresh two-year highs on demand growth prospects, although pulled back in afternoon London trading...

Iran's National Iranian Oil Company (NIOC) said Wednesday it has taken all the necessary measures and is ready for boosting oil output to pre-sanctions...

OPEC+ countries collectively produced the highest level of production last month since May 2020 but compliance remains at relatively high levels, according to...

Gasoline demand in Japan shot up 38% to 822,035 mt in the week ending June 5, according to implied demand figures ...