Crude Oil News

Middle East crude prices ended the week slightly lower as the upwards lift from a thaw in the tariff war was derailed by the discord within OPEC+...

Guyana's oil production eased to 627,000 bpd in March, down 3% from February, according to energy ministry data...

Middle East crude prices were lower for a second session amid uncertainty on OPEC+ output, a move that leant support to margins at the...

Taiwan's biggest oil refiner CPC is set to shut some of its crude distillation units in June for planned maintenance despite the overlap of peak...

Crude oil futures were slightly higher as markets faced mixed signals with the growing prospect of easing trade tariffs offset by OPEC+ discord...

Brent crude oil futures ended the cash market close slightly higher on Thursday as conciliatory tones on a trade war with China were offset by concerns of a break in OPEC+ unity...

Eni posted a first-quarter loss in its refining division as an unplanned FCC outage and lower utilisation weighed on performance...

UK indigenous crude production rose to 2.382 million mt in February, equivalent to around 794,000 bpd, according to government data...

Rhino Resources, operator of the petroleum exploration license (PEL85), and its partners have found oil in the Capricornus 1-X well in...

Valero's fuel import permit for Mexico was briefly suspended earlier this month because of a government...

Kazakhstan's reluctance to fully comply with OPEC+ quotas has exposed fault lines within the group, as national priorities begin to eclipse...

S&P Global Ratings downgraded Bahrain's outlook to negative on Wednesday, warning that falling oil prices and tighter financing conditions...

A sharp rebound in upstream M&A activity in the US lifted first-quarter deal value to $17 billion, the second-strongest start to a year since 2018...

Middle East crude prices retreated for the first time this week amid discord within OPEC+, while gasoline continued to firm...

Thailand's crude imports surged in March after four months of slower arrivals, as refiners ramped up buying amid a seasonal demand recovery...

The US government is considering slashing tariffs on Chinese goods in a bid to ease the current trade standoff, according to the Wall...

Benchmarks lost their footing on Wednesday after Kazakhstan warned that its crude oil output would be determined based on national interests...

Crude oil futures were lower, having surrendered earlier gains after Kazakhstan said it would not reduce oil production, jeopardising the...

US commercial crude oil stocks gained for a fourth week but rose by the smallest amount since April 2021...

US gasoline destocking accelerated last week as demand surged around the holidays, outpacing higher domestic runs...