Crude Oil News

25 Feb 2022
The European Space Agency's Sentinel-1B satellite will remain offline for 'several months' and possibly forever...
25 Feb 2022
The US shale boom has bounced back with surging oil prices for the wildcatters that drove the first tight oil revolution, but...
25 Feb 2022
Iraq’s giant West Qurna 2 oil field has shut down for  maintenance that is expected to last one month...
25 Feb 2022
Russian Urals crude oil differentials in Northwest Europe slumped to record lows this week as the threat of further sanction...
24 Feb 2022
Oil futures and product prices spiked after Russian tanks rolled into Ukraine, creating extreme backwardation...
24 Feb 2022
Crude oil futures, already trading at eight year highs, of $103/b could rise by a further $27/b...
24 Feb 2022
Some banks have stopped issuing letters of credit (LC) to cover the purchase of Russian oil, as financial lenders seek to clarify...
24 Feb 2022
Crude stocks built in the US last week and there was a ramp up in refinery production...
24 Feb 2022
Crude oil futures Thursday surged above $100/b for the first time since 2014 after President Putin said Russia had launched a "special military operation" in Ukraine...
24 Feb 2022
US product stocks fell during the week to February 18 despite weaker total...
24 Feb 2022
US President Joe Biden said Thursday that his sanctions package against Russia for its invasion into...
24 Feb 2022
Shipping group Maersk has halted all its seaborn shipping to Ukraine until at least...
24 Feb 2022
Oil prices hit fresh eight-year highs during trade on Thursday, after Russia launched a full-scale...
24 Feb 2022
The Brent/Dubai EFS rallied to fresh multi-year highs Thursday following the oil price spike as Russia launched a full invasion of Ukraine...
24 Feb 2022
One of the co-investors of the Nord Stream 2 natural gas pipeline, Wintershall Dea...
24 Feb 2022
Asian crude prices rocketed by over 5% in response to Russia’s invasion of Ukraine, while refined products...
23 Feb 2022
Middle distillate, gasoline, and fuel oil refiner margins all slipped lower by the Wednesday...
23 Feb 2022
Brent futures were little change in late-afternoon London despite staging a short-lived rally that lifted prices off...
23 Feb 2022
Quantum Commodity Intelligence – India produced 2.51 million mt of crude in January, according...
23 Feb 2022
Asian crude prices on Wednesday rowed back from the previous day’s seven-year highs, while refined products...
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