Crude Oil News

Indonesian prosecutors have accused a senior executive from the state-owned oil and gas company Pertamina...

Energy midstream company ONEOK expects throughput and profits to grow through next year as...

Kosmos Energy sees less output from its E&P operations in the Gulf of Mexico (GOM) in 1Q compared...

Benchmark crude oil futures opened the week lower as markets braced for increasing volumes entering the market, while LSGO extended losses...

The US Treasury Department on Monday sanctioned more than 30 brokers, tanker operators, and shipping companies...

Shell shut early Monday its Zydeco pipeline system's tank farm in Houma, Louisiana to investigate...

India's crude oil imports surged to an eight-month high in January, according to government data released Monday, even as product exports...

Crude oil futures opened the week little changed as markets steadied following Friday's selloff that wiped out the week's gains...

Iraq has again reaffirmed its commitment to OPEC+ and to stick within quota guidelines during 2025, which includes a series of compensation...

The Ukrainian military said Monday it struck the Ryazan oil refinery in an overnight drone attack

The European Union announced on Monday that it has suspended sanctions on Syria, potentially paving the way for additional supplies to enter a...

Platts has no plans to make further changes to its Dated Brent methodology, with the industry satisfied that the major upgrades...

Oman's Duqm refinery has boosted production by 10% to 255,000 bpd around a year after inauguration, according to its CEO David Bird...

The Kurdistan Regional Government (KRG) said on Sunday it has reached agreement with federal capital Baghdad to restart crude exports...

Weekly US drilling activity increased for a fourth consecutive week lifting the count to an eight-month high...

Goldman Sachs expects US crude output to rise only slightly despite Donald Trump's threat of import tariffs as domestic refiners will...

Ampol's refining business took a heavy hit in 2024 as weaker margins and operational disruptions at its Lytton refinery squeezed earnings...

Optimism around peace talks ending Russia's war in Ukraine triggered an exodus of bullish speculators in the crude oil futures market...

Oil majors Shell and ConocoPhillips have agreed to a $735 million deal in which the former will assume 8,000 bpd of offshore US...

Benchmark crude oil futures unravelled most of the gains made throughout the week Friday as swelling inventories in the United States...