Asia Crude Oil News

China's state-owned energy major CNOOC has started building the biggest underground commercial crude oil storage facility in the country as...

OPEC+ crude production eased in November as several members of the group that had be productizing above agreed quotas trimmed output...

Vietnam's oil product imports slipped to a 15-month low in November as diesel demand dropped into the year-end, with gasoline...

Fitch Ratings has raised its oil price forecast for 2024, making a case that tightening OPEC+ discipline will keep markets in deficit...

Asian crude values increased for a second session as East-of-Suez markets continued to pull away from recent five-month lows Monday, while demand from...

UN negotiators continued to whittle down, or in some cases ramp up, the number...

Crude oil futures Friday were higher having rebounded from the previous-session's five-month lows...

OPEC and its allies, referred to as OPEC+, cut crude oil production by 110,000 bpd in November, with Iraq making the largest contribution...

Middle East crude prices fell sharply during the week as investors remain unconvinced over the latest package cuts announced by OPEC+, while faltering demand growth...

Asian crude prices edged up from the previous session's five-month lows on Friday, while...

UAE state-owned renewable energy company Masdar and Austrian energy company OMV have signed an agreement to...

Australian oil and gas producers Woodside Petroleum and Santos are in discussions over a merger reported to be in the region of...

Indian refined product demand fell last month as diesel consumption slowed on the year, official data showed Thursday...

Crude oil futures were moving higher on Thursday as prices found a support level after slumping to five-month lows in the previous session...

Production from core OPEC members dropped in November, as Iraq and Nigeria saw lower levels as major Gulf producers stuck to quotas...

Asian crude prices slumped to five-month lows Thursday as a week-long relentless selloff continued, a move that has dragged products...

Belgian shipowner Euronav NV has exercised its option to buy a third very large crude carrier (VLCC) from Chinese...

China's oil demand is expected to peak by the end of this decade, according to the latest estimate from an in-house think tank...

China's crude oil imports continued to fall in November to hit the lowest level in four months as...

Crude oil futures Wednesday were again struggling, having hit fresh five-month lows as reverberations from the indecisive OPEC+ meeting...