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India is set to further increase crude oil imports from Russian oil with state-owned refiners eager to take in more heavily-discounted barrels...

A senior delegation from Iraq's northern Kurdish region is scheduled to travel to Baghdad on Monday...

The Omicron variant of Covid-19, war in Ukraine, and inflation will eat into this year's European...

Libya's oil production has started to recover after its largest oil field of El Sharara resumed...

Italian firm Eni SpA and Spain's Repsol SA could start shipping Venezuelan oil to Europe as soon as next month to cover the shortfall...

Saudi Aramco has sharply hiked its Official Selling Prices (OSPs) for July-loading crude oil for Asia, as backwardation in the...

Middle East crude oil finished the week ending 3 June higher, shrugging off the midweek price slump and the decision by OPEC+ to...

Crude oil futures Friday were surging higher, extending the initial $4/b price rebound after the OPEC+ alliance agreed to...

The EU and UK maritime insurance ban on vessels carrying Russian oil will likely cause a major shakeup tanker markets...

Shares of Borouge, the joint venture between ADNOC and European chemicals producer Borealis, surged over 20%...

Middle East crude prices rebounded nearly 3% as the announced OPEC+ output hike was largely dismissed, while...

The Pakistani government has agreed to further cuts to fuel subsidies in order to cut its budget deficit and...

Abu Dhabi National Oil Co. (ADNOC) has hiked Official Selling Prices (OSPs) for July-loading crude, with its flagship Murban grade set at...

Russia increased its crude oil output in May despite increasing pressure from sanctions and amid reports that trade...

The additional OPEC+ output will not be sufficient to plug the supply gap in crude markets...

Gasoline stocks held in independent storage in the trading hub of Amsterdam-Rotterdam-Antwerp...

US crude oil stocks fell by over 10 million barrels in the final week of May, while rising...

Crude oil futures rebounded from earlier lows Thursday on reports that the enhanced OPEC+ increase for July may not be as significant....

The OPEC+ producer group said Thursday it will increase output quotas by 648,000 bpd in July, compared to...

Middle East crude prices dropped more than 3% Thursday on reports ahead of the OPEC+ meeting that the...