Crude Oil News

Sri Lankan President Gotabaya Rajapaksa said he had spoken with Russian counterpart Vladimir Putin to seek credit help in order to import fuel...

Middle East crude continued to retreat as benchmark Dubai dipped below $100/b for the first time since mid-April...

Kazakhstan's president has said the country needs to find new export routes for its energy, diversifying its...

European diesel and gasoline cracks tumbled to a two-month low by Wednesday's close as recession...

The US and its allies have discussed a price cap on Russian crude oil exports at range between $40 and $60 per barrel...

Crude oil futures Wednesday extended losses following the huge sell-off that saw headline Brent prices drop $10/b in the previous session...

A Commercial Court in Baghdad has declared four oil contracts void this week, as the federal Oil Ministry intensifies its push to implement...

Spanish crude oil imports in May hit their second-highest level on record with US and Canadian...

A Russian court has ordered the Caspian Pipeline Consortium (CPC) to shut its Black Sea export route for 30...

Middle East crude prices tumbled around 8.5%, catching up with Tuesday's oil selloff, while product cracks were hit...

The Japanese government is set to crank up its gasoline subsidy again from this Thursday after...

Strike action by Norwegian oil and gas workers, which threatened to cut its gas exports...

The outgoing Secretary General of OPEC, Muhammad Sanusi Barkindo, died suddenly late Tuesday...

Crude oil futures came under huge selling pressure Tuesday amid further inflationary and recession fears, as the US dollar soared to...

Ecuador's oil output has recovered by around 90% since a deal between the government and demonstrators ended nationwide protests late last week, with output up to...

To say crude tanked would be an understatement Tuesday, with the front month contract falling by...

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

Saudi Aramco has sharply hiked its Official Selling Prices (OSPs) on August-loading crude oil for Asia, largely in line...

Middle East crude maintained the week's upwards trend as Saudi announced the widely-expected hike in OSPs, while in products ENOC continued its  gasoline buying flurry...

Crude oil futures Monday were climbing higher, rebounding from earlier losses as demand destruction and crude production shortfalls...