Crude Oil News

Crude recovered some lost ground on Friday but ended the week lower as OPEC+ production cuts...

Asian crude prices Friday were sharply lower after global oil markets slumped following the OPEC+ meeting, while the start of a new month...

Crude oil futures Friday were drifting lower as markets tested lower levels after the fallout from the...

An end-week selloff saw Asian crude prices decline for a fifth week out of the last six, as the latest round of OPEC+ cuts...

otalEnergies has agreed to sell its 36.36% minority stake in the South African Natref refinery to UK energy firm Prax...

US production of crude and NGLs came in at just shy of 20 million bpd in September, the latest EIA monthly

The US Department of Energy (DOE) has booked 2.73 million barrels of crude oil via a tender that closed last month, securing further stocks...

OPEC+ members have declared voluntary cuts following Thursday’s meeting, with additional reductions totaling around 900,000 bpd...

Commercial stocks of refined oil products in China slumped to the lowest level in two months after...

Crude oil futures Thursday were sharply lower despite OPEC+ seemingly agreeing to deeper cuts next year for next year after reaching a last-minute deal...

Crude futures slumped in late trade on Thursday with the market seemingly unconvinced by the depth of production...

The average price for benchmark Middle East Dubai was lower in November for a second  month, although most of the losses were racked up...

OPEC+ reached a last-minute agreement Thursday to further reduce output from January, with Saudi Arabia maintaining its voluntary cut...

The Caspian Pipeline Consortium (CPC) resumed loadings at the Black Sea terminal of Novorossiysk on Thursday...

Asian crude prices Thursday were sharply up as prices raced to a three-week high ahead of the OPEC+ meeting, while the drop in marine fuel...

Operations are being restored at Imperial Oil’s 120,000 bpd Sarnia refinery after a power outage...

Norway’s Equinor has agreed to sell its Nigerian business, including its share in the Agbami oil field...

UK gasoline stocks rose to a six-month high in September as exports slowed and imports picked up and despite deliveries jumping to pre-Covid levels as they overtook...

Dwindling domestic demand and increased competition from more advanced competitors is bad news...

Crude futures were flat on Wednesday with OPEC+ talks still deadlocked on the eve of an important ministerial meeting...