Crude Oil News

Saudi Arabia has increased its OSPs for August-loading barrels to Asia, reflecting the firmer spot premiums fo grades traded last month...

The OPEC+ group underwent a major reset in response the Covid-19 pandemic in 2020. The following is a list of key decisions since then...

OPEC+ has further accelerated the unwinding of voluntary cuts by announcing a combined quota increase of 548,000 bpd in August...

Benchmark crude futures inched lower Friday but still ended the week up nearly 3%, while LSGO hit fresh highs to on renewed supply concerns...

The One Big Beautiful Bill, passed by Congress on 3 July, delivers a sweeping package of measures designed to boost oil and gas production...

Crude oil futures were holding steady to consolidate at the top end of the week's trading range, buoyed by improved economic prospects...

Middle East crude prices steadied in the first few days of July as markets returned to broader fundamentals after the Israel-Iran conflict...

Middle East crude prices were steady Friday to end the week moderately higher, while the recent swings in the distillate east-wests showed...

Commodity trading house Glencore has reportedly agreed a deal with the UK government to continue supplying the insolvent...

The residual hydrotreating unit (RHU) at the 631,000 bpd Galveston Bay refinery operated by Marathon Petroleum is said to remain offline for...