Crude Oil News

Crude oil futures dropped to a five-week low during Friday's session on reports that the US was working on a peace deal with Ukraine...

Benchmark crude oil futures extended losses Friday as concerns over the market's appetite for more barrels over the second half of the year...

The number of active drilling rigs in the US was essentially flat this week compared with last week but remains 8% down from last year...

Oil trading house 2Rivers Group, once known as Coral Energy, is dissolving after being hit by UK and EU sanctions...

Petrobras boosted oil and gas output to record levels in the second quarter and said production this year is set to reach the upper end of...

West African crude oil producers stand to benefit the most if the Trump administration's pressure on India, via tariffs and rhetoric, forces...

Alaska North Slope crude oil production fell to a nine-month low in June though output for the first half of 2025 is up 3% on the year...

Middle East crude ended the week sharply lower after OPEC+ announced another bumper production increase, hitting markets at a time...

Gasoline cracks continued to rise this week as reduced inventories compounded persistent concerns over runs at Dangote's RFCC unit...

East of Suez crude markets extended the week-long declines Friday for a five-week low, a move that helped support cracks across the barrel...