Crude Oil News

Former US energy secretary Rick Perry has attacked current energy policies, linking them to inflation and claiming restrictions on the US oil industry could...

Funds booked profits in both WTI and Brent last week with prices north of $80/b...

Chinese crude oil imports in October hit their lowest level since September 2018, as soaring prices curbed demand...

European weather has turned chilly in recent days and is likely to remain below seasonal norms in November...

Insufficient investments in the oil and natural gas industry could lead to further hikes in energy market...

Saudi Aramco has sharply increased Official Selling Prices (OSPs) for December-loading crude oil for all regions...

The number of active oil rigs in the US gained 6 over the last week to 550, while the number of gas rigs...

Distillate cracks jumped for the second day in a row, gasoline cracks softened, and Brent...

Crude oil futures rebounded strongly in late European trading hours Friday as the US stopped short of announcing a release of strategic oil reserves to counter...

Energy major Shell has restarted oil production at its Mars and Ursa platforms in the US...

Middle East crude oil prices retreated over the week ending 5 November, as the medium sour Dubai crude benchmark ended the week below $80/b for the first time...

Middle East crude oil prices were sharply lower Friday, catching up with international markets...

Gasoline stocks in the Amsterdam-Rotterdam-Antwerp trading and storage hub hit in the last week their lowest level since...

Benchmark crude oil price at around $80 per barrel reflect current market fundamentals, Russian Deputy Prime Minister Alexander Novak said...

Brent slipped lower again by the late afternoon marker, retreating from highs near $84.50/b amid a stronger dollar index...

Goldman Sachs warned Thursday that the global oil markets could be in for a volatile period...

Crude oil production in West Africa is set to fall by hundreds of thousands of barrels per day by 2026, as prolonged...

Crude oil futures in European trading hours Thursday were edging lower, retreating sharply from highs near $84.50/b...

Abu Dhabi National Oil Co. announced Thursday its Official Selling Prices (OSP) for December...

The cost of transitting the Suez Canal will rise at the start of 2022 in line with a projected increase in world trade...