Crude Oil News

Middle East crude oil prices Thursday rallied to near ten-year highs, while diesel cracks...

Russian oil exports have dropped by at least one-third — or some 2.5 million barrels per day — this week as a result of...

Distillates rocketed higher Wednesday amid fears diesel exports from Primorsk in March might be stranded...

Crude oil futures Wednesday continued the relentless surge higher as Russia’s attack on Ukrainian cities intensified...

Portuguese refiner Galp will stop buying Russian oil products following Russia’s invasion...

European fuel oil refiner margins hit fresh lows by the European close on Wednesday as the...

The European Union is considering banning all Russian vessels from entering its ports as...

Major Swiss-based oil trading houses Trafigura and Glencore have said they are reviewing...

Energy major Exxon Mobil said Wednesday it plans to cut structural costs by $9 billion a year...

US oil stocks dropped again last week to exacerbate the tightness of the global oil market...

Dutch TTF natural gas futures – the European benchmark – soared as much as 55% at...

US crude oil stocks fell in the final week of February amid a rise in exports and increased...

ExxonMobil has become the latest energy company to sever its ties in Russian oil and gas projects...

Dubai physical crude prices Wednesday registered further huge gains, storming to eight-year highs...

The OPEC+ oil producer group has agreed to hike output by a further 400,000 bpd in April, again in line with market expectations, despite calls for...

The one-off 60-million-barrel release of crude from strategic reserves announced Tuesday is dwarfed by the potential magnitude...

Japanese crude oil refiners boosted their kerosene output by 50% on the week...

Russian Urals crude oil differentials in Northwest Europe slumped to fresh record lows Monday, as the threat of further sanctions and credit issues...

Indian refiners are seeking alternatives to Russian crude oil amid concerns that direct sanctions could cut off supplies, while financial, shipping and...

fears over a distillate shortage in Europe after the Russian diesel export program from Primorsk in March...