Asia Crude Oil News

Middle East crude oil prices surge to fresh post-pandemic highs Thursday, while refined product cracks stabilized...

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

The anticipated rebound in demand for transport fuels plus changes to Chinese import tariffs has lifted premiums for Sokol and ESPO…

Only a third of Chinese provinces and regions are on course to meet both their energy consumption...

Crude oil futures maintained the upwards momentum in late-afternoon London trading Wednesday, as demand growth optimism along with a broad welcome of OPEC+...

Abu Dhabi National Oil Co. announced its Official Selling Prices for July Wednesday, set against the recently-launched ICE Futures Abu Dhabi (IFAD)...

Japan's consumption of naphtha more than doubled to 340 million litres in the week ending May 29, causing an 8.3% ...

Morgan Stanley Wednesday increased its forecast for Brent crude oil in the fourth quarter of 2021 to $67.50/barrel, up from $65.00/b, while maintaining its Q3 forecast at...

Russian crude oil and condensate production in May reached 10.4 million bpd, according to government data...

Middle East crude oil prices consolidated recent gains Wednesday, as the market increasingly...

Crude oil futures remained on solid footing in Asian trading hours Wednesday, as demand growth optimism and tight OPEC discipline continues to underpin prices...

Ministers from the OPEC+ group of oil producers agreed Tuesday to stick with the current policy of gradual output increases for June and July...

Leading energy consultancy FGE Tuesday said oil prices could reach $75-$80/b later in the year, particularly if US sanctions on Iran are not lifted...

Credit rating agency S&P Global Ratings affirmed the investment grade rating of Abu Dhabi, sees oil production growing by 2024...

Crude oil futures rallied strongly ahead of the OPEC+ meeting later Tuesday, as demand optimism lifted oil futures to the highest levels since mid-March...

Middle East crude benchmarks at highest levels since January 2021, crack

Oil output from the 13-member OPEC producer group increased in May, but lower volumes from Iran and West Africa limited the overall increase, according to...

Crude oil futures started the week on a positive note as prices moved higher on growing demand-recovery optimism ahead of Tuesday's OPEC+ meeting....

Middle East crude benchmarks post two-week highs

The OPEC+ producer group faces tough decisions when it meets this week, seeking to maintain the...