Crude Oil News

Valero is the latest refiner to bring back capacity in the US Gulf, after restarting its 235,000 bpd Port Arthur...

Crude oil futures Wednesday were higher following the release of two bullish US inventory reports...

Crude and product cracks were higher Wednesday as Ukraine hit more Russian refineries in a second day...

President Vladimir Putin publicly voiced support for the extension on OPEC+ cuts until at least the end of Q2, but also flagged...

Privately held US crude oil stocks drew back from a 3.5-month high in the seven-days...

US gasoline stocks drained for the sixth straight week, EIA data showed Wednesday, as exports hit nearly 1 million bpd...

GOI Energy’s newly-acquired ISAB refinery in Sicily will close the smaller of two crude units next month...

Russia’s President Putin said Wednesday he was prepared to use nuclear weapons if the Russian

Quantum Commodity Intelligence – East-of-Suez crude oil prices eased back Wednesday in tandem with global markers, while gasoil cracks

The Energy Information Administration (EIA) has lifted its price forecast for this year and next after OPEC+ extended output cuts into Q2...

US crude oil inventories posted a sharp drop for the week ending 8 March, while refined product stocks continued to decline...

OPEC added to its war of words with the West’s energy watchdog the IEA on Wednesday...

An oil refinery in Russia’s Ryazan region southeast of Moscow caught fire after a drone strike...

Quantum Commodity Intelligence – Stocks of refined oil products in Japan dropped for the second consecutive week as local refiners curbed...

Crude oil futures Tuesday were were little changed as benchmarks continued to trade within the month’s relatively tight range, while the latest robust forecast from...

Crude futures traded largely sideways again on Tuesday as the market shrugged...

Spain’s refineries ran more crude than at any point in the last 18 months in January, official Cores...

Germany energy company Uniper and energy firm Phillips 66 announced plans to build a green electrolyser near the Humber Refinery in the northeast of England to lower...

OPEC has stuck with its upbeat outlook on 2024 demand, seeing growth at more than 2 million bpd...

Maintenance work at Europe’s largest refinery is still only half-way complete nearly two months into a full turnaround...