Crude Oil News

The front two low sulfur gasoil futures flipped back into backwardation by the Friday London...

Russia is considering cutting oil production as one of the measures in response to the decision of Western nations to introduce a price cap, Russian President...

Crude oil futures Friday were trading higher on the day but facing sharp weekly losses, with oil benchmarks near to one-year lows...

China's President Xi Jinping said Gulf states should use the Shanghai Petroleum and National Gas Exchange...

Spain imported 1.13 million bpd of crude in October, preliminary data from Cores showed...

Refined product stocks in the EU16 all fell over the month in November, according to Euroilstock data...

Middle East benchmark Dubai crude posted the steepest weekly losses since March as economic headwinds took hold of sentiment...

Diesel deliveries in India hit 1.93 million bpd in November, according to data from the government...

Dubai crude tumbled yet again Friday registering a sixth consecutive fall, while naphtha cargoes rose...

Crude oil futures were trading sideways after another volatile session on Thursday, with initial gains given up...

Crude sank to fresh lows Thursday as economic concerns outweighed early support from China’s relaxation of...

Crude oil prices jumped on Thursday after a key pipeline from Canada to the US was reported to have leaked...

Trading company Trafigura reported full-year profits of $7bn on Thursday...

Abu Dhabi National Oil Co. (Adnoc) has cut Official Selling Prices (OSPs) for January-loading crude, with its flagship Murban grade...

Benchmark Dubai slumped to yet another yearly low Thursday as the previous session’s global oil selloff hit Asia...

Hungary’s government has scrapped its cap on domestic fuel prices to help alleviate...

Exxon Mobil Corp. is awarding US employees above-inflation pay increases just weeks after the Texas oil giant posted its highest quarterly profit...

China’s Sinopec Yangzi Petrochemical shut a naphtha cracker at its Nanjiang site following...

Crude oil markets slumped to fresh lows during European trading hours on Wednesday as gloomy economic forecasts...

Crude oil futures Wednesday were sliding lower as economic headwinds continued to overshadow concerns around disruptions to Russian exports...