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Traders trimmed short positions in the days leading up to production cuts announced by Saudi Arabia

Middle East crude prices maintained July's strong uptrend and hit a fresh two-month high Monday, while the tight supply...

The US Department of Energy (DOE) announced late Friday that it will purchase a further 6 million barrels of oil for the SPR...

Crude oil futures Friday were higher as benchmarks consolidated at the upper end of the two-month range, as Brent managed to hold above $77/b...

Crude continued to push higher at the end of the week, touching a one-month high during Friday's session as the...

German investment bank Commerzbank has revised downwards its forecast for the Brent crude oil this year and next, as market sentiment will remain bearish...

Diesel demand in India broadly flatlined in June compared to a month earlier, while gasoline demand fell 3%...

Gasoline retreated this week – led by a decline in Asia – as supply returned after an extensive maintenance period...

The global shipping sector at UN-convened talks on Friday agreed to become 'net-zero' by "around" mid-century...

HSFO cracks hit 14-month highs this week as OPEC output cuts continued to have knock-on effects beyond the...

Benchmark Dubai prices increased by around 3.5% over the week as East of Suez markets showed clear signs of strengthening after Saudi Arabia...

The Democractic Republic of Congo (DRC) has postponed an auction of oil concessions in the key peatland basin...

European diesel cargo refining margins hit a one-week high this week as low water levels on...

Rhine water levels are set to drop further over the weekend and will struggle to rebound for the rest of...

Middle East crude prices maintained the week's positive trend, hitting a two-month high Friday and pulling further...

Refinery capacity in the US increased this year for the first time since 2020...

South Korea has removed import tariffs on naphtha, as well as crude oil for processing to make naphtha...

Energy major Shell has warned investors it expects a big hit to its biggest profit-making unit...

Crude oil futures Thursday were little changed as markets consolidated the slim gains made since Monday's announced cuts from Saudi Arabia and Russia...

Brent crude futures capped earlier losses on a bullish US stock report, which showed larger-than-expected...