Asia Crude Oil News

Adnoc has reduced the Official Selling Prices (OSPs) for March-loading crude, with its flagship Murban grade set at...

Middle East oil prices climbed higher for a second session Wednesday, while gasoil cracks continued to tick higher and touch a three-month high...

Australian oil and gas producers Woodside Petroleum and Santos have called off a proposed merger, just two months after plans were announced...

Middle distillate stocks in Japan continued to head in a downward trajectory as the draw of kerosene stocks extended...

Crude oil futures were higher for a second session on Tuesday as markets comfortably consolidated early-week gains...

India will raise its domestic refinery capacity to around 9 million bpd by the end of the decade...

Quantum Commodity Intelligence – East-of-Suez oil prices posted gains for the first time in nearly a week as refiners welcomed Saudi's latest OSP release, and...

Global oil markets will flip into a supply deficit by the end of 2025 as replacement barrels lag behind firming demand...

Quantum Commodity Intelligence – The biggest oil refining and petrochemical complex in Malaysia has been shut due to...

Crude oil futures Monday were climbing higher, recovering slightly after heavy losses from the previous week as investors wait for...

Saudi Aramco has left its OSP for the flagship Arab Light crude for March loading unchanged for customers in Asia...

Quantum Commodity Intelligence –  The UAE will likely meet it target capacity of 5 million bpd with investments of $150 billion...

Azerbaijan's 2024 oil output is set to continue its downward trend through 2024, falling 3% on the year to 29.5 million mt, the energy ministry...

Middle East oil prices opened the week lower as markets caught up with Brent losses after Asian markets had closed on Friday, with those...

A Russian refinery at Volgograd was struck by two Ukrainian drones on Saturday morning, with a fire damaging the Lukoil-owned refinery in the...

Crude oil futures Friday were heading lower after initially consolidating at the weaker levels following the previous-session's slump...

Middle East crude retreated sharply during the second half of the week as economic headwinds and talk of a possible Middle East ceasefire...

Quantum Commodity Intelligence – Asian crude prices were lower Friday on reports...

Crude oil futures slumped sharply in a late Thursday trading on reports that Israel was close to reaching a deal with Hamas...

Shipping disruptions on the Red Sea are exacerbating long-running trends in the oil refining and shipping businesses, with prices...