Crude Oil News

The European Space Agency's Sentinel-1B satellite will remain offline for 'several months' and possibly forever...

The US shale boom has bounced back with surging oil prices for the wildcatters that drove the first tight oil revolution, but...

Iraq’s giant West Qurna 2 oil field has shut down for  maintenance that is expected to last one month...

Russian Urals crude oil differentials in Northwest Europe slumped to record lows this week as the threat of further sanction...

Oil futures and product prices spiked after Russian tanks rolled into Ukraine, creating extreme backwardation...

Crude oil futures, already trading at eight year highs, of $103/b could rise by a further $27/b...

Some banks have stopped issuing letters of credit (LC) to cover the purchase of Russian oil, as financial lenders seek to clarify...

Crude stocks built in the US last week and there was a ramp up in refinery production...

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...

US product stocks fell during the week to February 18 despite weaker total...

US President Joe Biden said Thursday that his sanctions package against Russia for its invasion into...

Shipping group Maersk has halted all its seaborn shipping to Ukraine until at least...

Oil prices hit fresh eight-year highs during trade on Thursday, after Russia launched a full-scale...

The Brent/Dubai EFS rallied to fresh multi-year highs Thursday following the oil price spike as Russia launched a full invasion of Ukraine...

One of the co-investors of the Nord Stream 2 natural gas pipeline, Wintershall Dea...

Asian crude prices rocketed by over 5% in response to Russia’s invasion of Ukraine, while refined products...

Middle distillate, gasoline, and fuel oil refiner margins all slipped lower by the Wednesday...

Brent futures were little change in late-afternoon London despite staging a short-lived rally that lifted prices off...

Quantum Commodity Intelligence – India produced 2.51 million mt of crude in January, according...

Asian crude prices on Wednesday rowed back from the previous day’s seven-year highs, while refined products...