Asia Crude Oil News

Middle East crude prices stabilised at around yearly lows Thursday as markets waited on further news from OPEC+ and Libya, while...

US crude exports eased off just under 1% in July as monthly figures from the US Census Bureau published Wednesday called crude oil exports...

Libya's petroleum industry remained severely constrained heading into the back end of the week after rival factions made tentative...

Crude oil cargo arrivals in Taiwan fell sharply in July as the appetite for both US and Saudi barrels eased amid weaker domestic refinery...

Crude oil futures Wednesday remained under strong downwards pressure, amid concerns over weak economic growth and reports that rival...

Attempts to salvage a burning oil tanker in the Red Sea have been called off, after crews came under fire from Houthi rebels despite...

OPEC+ is considering deferring planned production increases from October, with the producer group spooked by the slump in...

Middle East crude prices slumped to fresh yearly lows Wednesday amid the broader malaise in oil markets, dragging products lower along with it...

Goldman Sachs said Brent crude oil prices could trade lower to the $70/b threshold as oversupply risk is back in focus after Libya is on track...

A second monthly OPEC survey has found Iraq again produced significantly above its quota in August, which left overall output from...

Oil product inventories in Japan inched slightly higher last week thanks to gasoil surplus offsetting an increasingly light end supply tightness as...

Crude oil futures Tuesday were sharply lower as concerns over sluggish demand growth offset events in Libya, while reports of a potential deal...

India's state-owned Oil and Natural Gas Corp. (ONGC) has initiated plans for a multibillion-dollar refinery and petrochemical project in Uttar Pradesh to capture the nation's growing fuel demand....

Middle East crude prices were little changed Tuesday with traders again waiting for confirmation of the planned increase in...

Indonesia is planning to build a reserve of crude oil, gasoline, and liquified petroleum gas in the next 10 years in a bid to shield itself from...

Oil production from the 12 core OPEC members dropped during August led by the reductions from Libya, while Iraq and...

Crude oil futures Monday were consolidating at lower levels after reports indicating OPEC+ would increase output in October...

Russia complied with its crude production quota last month under the terms of the OPEC+ agreement...

Two oil tankers have been targeted by missile strikes in the Red Sea in the latest incident to force commercial shipping out of the...

Middle East crude markets opened the new month lower with traders pricing in a likely October hike in OPEC+ output, while in the products...