Crude Oil News

In a trading update published on Monday, Shell lowered its outlook for LNG production over the first quarter, citing the impact of cyclones...

Britain is set to amend mandates on zero-emission vehicle (ZEV) sales, industry sources revealed on Monday, as policymakers rush to...

Benchmark Dubai crude slumped by almost $6/b Monday and registered a four-year low, a move that pulled the products market with it as...

Goldman Sachs has trimmed their crude oil price forecast further following heavy market selloffs towards the end of last week as the risk of...

Crude oil investors remained bullish at the turn of the month as traders piled into long positions Brent and WTI futures positions as...

US rotary drilling activity fell for a second week after explorers in the Permian Basin took down more..

US crude flows to China could slip if Beijing proceeds with its planned 34% tariffs on American goods...

The week's sharp crude losses extended into Friday after China retaliated to US tariffs with sweeping levies of its own,...

Benchmark crude oil futures were down another 6.2% on Friday as China unveiled tariffs of its own against the United States, while rising OPEC+...

Diesel margins in the West of Suez market fell to the lowest levels of the year this week as Washington's belligerent protectionist policies...

BP's chairman Helge Lund is set to resign next year, the company announced Friday, as it continues on its "strategy reset" with...

Middle East crude prices ended the week sharply lower as the month-long rally came to a shuddering halt, hit by the double whammy of...

East of Suez crude oil prices were spiralling lower Friday amid the double hit from tariffs and higher OPEC+ output, with product flat prices...

Citi has cut its 2025 global oil demand growth forecast, warning that sweeping US tariffs are dragging on economic momentum just...

ExxonMobil expects a sharp boost to first quarter earnings from higher oil and gas prices, as well as firmer refining margins.

Inventories of refinery feedstocks in China's Shandong province have risen to the highest level since early April as local refiners rushed to clear...

Goldman Sachs has lowered its expectation for crude oil prices as the US introduced sweeping tariffs on its global trading partners, while the market is also...

The US Department of Energy (DOE) has awarded a $1.4-billion contract to Strategic Storage Partners...

Western Canadian Select (WCS) heavy discounts have tightened Thursday unlike similar grades in the...

The US sour Mars Blend's premiums to Nymex oil futures fell after reports OPEC and its allies made a surprise decision to add more oil...