Asia Crude Oil News

OPEC+ crude production nudged higher in December with Nigeria, Iraq and Iran accounting for most of the the gains...

Port operations have been halted by high winds and big waves at the Russian port of Novorossiysk, holding up operations at...

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

One of two gasoline-producing units at Lukoil's Nizhny Novgorod refinery near Moscow is unable to restart...

South Korea's crude oil imports in December jumped to the highest level in nine months after the government pledged...

Middle East crude prices closed the week higher as Friday's rally, coming after strikes against Houthi targets in Yemen, tipped the market...

Crude oil futures in European trading hours Friday rallied sharply from the opening as US and UK forces launched multiple strikes against Houthi-controlled areas...

Oil prices surged higher Friday as Asian markets woke up to the news of US-led strikes against Houthi militants, with that move having big...

The strikes carried out by the US and UK military against Houthi militants in the early hours of Friday lifted oil prices by 2%...

OPEC and its allies, collectively referred to as OPEC+, increased crude oil production by a net 130,000 bpd in December, with Iraq and West African countries...

China's oil product imports surpassed exports in December despite a rebound in crude imports during the month...

A top trade official in China has opened the door to Saudi Aramco for further investment in the country during a meeting on Thursday...

Crude oil futures Thursday were higher on reports of a major shipping incident off the coast of Oman, in which a crude oil tanker was seized...

Azerbaijan produced 30.2 million mt of crude oil and natural gas condensates during 2023, down 7.4% on the year as OPEC+ quota allocations...

Vietnam's crude oil and refined product imports picked up during December as fortnightly customs figures published Thursday showed around...

An alert issued by the UK Marine Trade Operations (UKMTO) agency Thursday, advising shipping to proceed with around the northeast coast of Oman, took an unusual twist...

Asian crude prices were slightly lower Thursday as global oil markets were rocked after the huge builds in US refined product inventories...

Shipping costs for the largest class of oil tankers have started 2024 with a bang with the cost chartering a VLCC on US Gulf-Asia routes soaring around 20%...

Higher middle distillate stocks in Japan led a strong rebound of product stocks across the country despite lower...

Crude oil futures fell in late trade Wednesday after the EIA showed a surprise build in US stocks and another large build in products...