Crude Oil News

The combined bullish bet held by money managers on both the Brent and WTI crude oil futures...

US drillers cut the number of oil rigs for the first time in 10 weeks the week ending Aug 5, in a possible signal that lower prices could stall output growth...

Crude oil futures Friday were higher, having this week slumped below pre-war levels as a wave of bearish sentiment and fears over...

Brent ticked higher on the day by the London cash market close, but bearishness in the market...

Russia has prohibited investors in energy and financial industry from what it deems to be hostile countries from...

Middle East crude was sharply lower Friday and slumped to a fresh five-month low with this...

Hungarian refiner Mol has left out its Urals refiner margin from its quarterly reporting for the...

The gulf separating Iran and the US has grown further apart since the last round of nuclear talks in Vienna, European Union diplomats said...

Canadian and US oil producer and refiner Suncor was the latest energy company to report bumper profits this week with...

The 2022 Atlantic hurricane season is still expected to be above-normal levels of storm activity, according to forecasts released late Thursday by...

Middle East crude oil finished the week ending 5 August nearly 7% lower, broadly following the global selloff...

A Floating Production Storage and Offloading (FPSO) vessel operated by Shell off Bayelsa coastline has been shut due to water leakage into the facility...

Crude oil futures were firmly caught in the downtrend Thursday following the previous session's sharp sell off as latest US data from the...

European gasoline refiner margins tumbled to their lowest level since the start of the Russian invasion...

US major ConocoPhillips reported another stellar quarter of earnings, telling investors Thursday that it enjoyed...

Oil flows along the Caspian Pipeline Consortium's (CPC) pipeline from Kazakhstan to the Black Sea are seeing...

Trader Glencore has written off the complete value of its stake in Russian oil major Rosneft, saying that it cannot...

Middle East crude was sharply lower Thursday although largely catching up with Brent losses late in the previous...

Premiums for Australian heavy sweet crude oil have remained stubbornly high despite the sharp retreat in 0.5%-sulfur marine fuel cracks

Abu Dhabi National Oil Co. (ADNOC) has cut Official Selling Prices (OSPs) for September-loading crude, with its flagship Murban grade set at