Asia Crude Oil News

The EFS hit a 16-month high, making Brent-related crudes more expensive for Asian buyers...

OPEC+ achieved a compliance level with its agreed oil production cuts of 113% in March, the same as February...

Brent/Dubai and EFS hit fresh highs as Middle East lags North Sea gains

Brent futures hit 5-week high as force majeure threatens Libyan exports, but growing coronavirus cases seen impacting on the demand recovery.

OPEC+ said likely to be downgraded to JMMC only, but Middle East producers waiting on Russian agreement...

SOMO awarded its Basra Medium tender to a trader at around May OSP +$0.35

Strong economic data, particularly the draw in US crude oil inventories underpinned markets in he week ending April 16.

Asian hold on to last week's strong gains

Saudi Arabia's new Jazan refinery is ramping up, with a total 8.72 million barrels of crude discharged in March...

Funds added bullish bets and cut bearish bets in Brent on the ICE exchange last week, recovering the net-length lost in ...

Saudi Araba drew down its own crude stocks in February, while its exports were curbed by its voluntary 1 million b/d production cut...

Commodity trading house Trafigura will take control of more than 90% of shares in imperiled mid- and down-stream energy ...

Chinese net crude imports are set to rise 3.6% this year to near 560 million mt, a figure equivalent to...

China's economy grew at a chunky 18.3% year on year in the first quarter of the year, the country's National Bureau of Statistics (NBS)...

Middle East crude oil prices continued the week-long rally Friday, rising to fresh one-month highs on optimism...

Rongsheng purchases 6 million barrels of Abu Dhabi crude for its giant 800,000 b/d ZPC refinery.

Al Shaheen premiums lower as Middle East sour crude loses ground against Brent. Rongsheng and Exxon heard among the buyers.  

Surgut set to sell eight ESPO cargoes via tender for June, premiums move up by around $1/b on the month

Goldman Sachs becomes the latest firm to advance peak oil demand forecasts as EVs take root.