Crude Oil News

Ukraine used a domestically developed long-range missile to strike Russia's Tuapse refinery last week, marking a significant increase in...

Kazakhstan's crude oil production surged 15% in February to 1.79 million bpd, driven by increased output from Chevron's expanded Tengiz...

Goldman Sachs lowered its oil price forecasts through 2026, citing slowing US economic growth and increased OPEC+ output, reversing...

Middle East crude prices opened the week higher amid a spike in regional tensions, while marine fuel prices continued to come off further...

Crude throughput in China rose in the first two months of the year, recovering from a multi-month low in December as holiday demand and fresh export...

Speculative investors continued to unwind their bullish positions in the Brent crude futures market during the week ending 11 March as oversupply...

The US military launched airstrikes on a number of Houthi targets over the weekend, further destabilising the region and threatening...

The US rotary drilling activity held steady for the week of March 14, after it slipped the week prior...

Middle East crude prices were slightly higher over the week although benchmark Dubai continued to bump along the bottom of the post-Covid trading range...

Crude oil futures were higher on Friday and were on course to end the week flat as a quick end to war in Ukraine remained elusive, stemming...

Benchmark crude oil futures edged higher on Friday but posted the third consecutive week in decline as sustained market uncertainty dampened...

Middle East crude prices eased back to leave benchmark Dubai little changed on the week, while the selloff in middle distillate margins....

A Ukrainian drone strike set fire to a gasoline storage tank at Russia's Tuapse refinery overnight on 14 March, according to Krasnodar...

Malaysia's Petronas is evaluating the sale of its 50% stake in the La Amarga Chica shale oil project in Argentina's Vaca Muerta...

Benchmark crude oil futures drifted lower on Thursday as oversupply concerns intensified amid weakening demand and heightening trade...

Oil futures were drifting lower Thursday after the midweek rebound stalled as traders turned to broader economic and geopolitical drivers...

The International Energy Agency (IEA) projects a global oil surplus of up to 600,000 bpd in 2025, even as demand grows by more than 1 million...

Energy major BP said Thursday it expects direct and indirect emissions from its operations will balloon by a third in 2025...

Nigeria's Dangote refinery will shut its 204,000 bpd gasoline production unit for scheduled maintenance through June, Reuters...

Saudi Aramco has reduced term crude allocations to customers in China for a third month with deliveries to its largest customer set to fall...