Crude Oil News

Benchmark Dubai crude surged to a fresh multi-year high Wednesday as oil sanctions tighten against...

The White House unsuccessfully tried to arrange calls between President Biden and the de facto leaders of Saudi Arabia and the UAE as the US...

The US embargo is likely to extend the oil price rally and trigger demand destruction in order to rebalance the market, said Rystad Energy...

Distillate futures were almost off the chart after the US announced it would ban Russian oil imports...

The US is expected to produce a record amount of oil worth 13 million bpd in 2023 as...

US crude oil imports in January rose to their fourth-highest monthly level since...

Crude oil futures in European hours Tuesday were higher amid volatile trading, rebounding following Monday's pullback...

The European Union will cut its Russian natural gas imports by two thirds by the end...

Global CO2 emissions rose more strongly than expected in 2021 to hit a new historical record...

Swiss-based merchant Trafigura has tapped a $1.2-billion credit line in “record time” from multiple...

President Joe Biden has decided to ban Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion...

Differentials for Nigerian light sweet crude barrels have jumped Tuesday in the scramble to buy alternative barrels...

The spot trading cycle for May-loading physical Middle East got underway this week with record premiums paid for spot barrels...

Goldman Sachs lifted its Brent crude oil forecast for this year to $135/b as a combination...

Vietnam’s crude imports rebounded in the second half of February although a return to more normal flows...

Middle East crude oil prices Tuesday eased back, while diesel cracks surged to new highs...

UK energy major Shell is to immediately stop buying Russian crude oil, the company said Tuesday..

Libya’s NOC has lifted its force majeure on crude oil deliveries from two oil fields in...

Japan will implement further sanctions against Russia and Belarus over Moscow's ongoing invasion of Ukraine, freezing assets held by...

Mohammad Barkindo, secretary general of OPEC, said Monday that the group’s mission remains to act as a reliable supplier...