Crude Oil News

A strike by Norwegian oil workers across three oil and gas rigs will "eventually" impact Norway's oil....

OPEC+ ratified Thursday its previously-announced plans to increase output quotas by a combined 648,000 bpd August...

The June monthly average price for benchmark Middle East Dubai crude gained nearly 5% versus the previous month...

Middle East crude prices closed lower for the first time in five sessions but gained on Brent, while distillate cracks...

Crude oil futures Wednesday were slightly lower on the day but largely consolidating the week's firm gains as...

European gasoline cracks hit a one-week low by the Wednesday London close after the EIA reported...

US product stocks were finally building again over the past fortnight, giving some relief to...

China will introduce subsidies for refiners to help keep domestic fuel prices down if international crude oil prices hit over...

Indirect negotiations between Iran and the US over Tehran's suspended nuclear deal with world powers in Qatar...

Demand for heavily discounted Russian Urals crude meant output is up 5% month-on-month...

Uncertainty in global oil and gas markets could remain for some time to come as spare capacity is very low while demand is still recovering, Shell CEO...

Middle East crude prices tracked higher for the fourth consecutive session Wednesday as the market's focus...

Libya's NOC has declared force majeure at the oil terminals of Es Sider and Ras Lanuf due to ongoing...

Crude oil futures Tuesday were higher on the day amid growing fears over oil supplies after French President Emmanuel Macron flagged OPEC's...

European product refiner margins were down across the board by the European close on Wednesday...

The US Coast Guard has blocked the unloading of an oil tanker charted by Swiss trading house...

G7 members will explore ways of curbing energy costs, including via possible caps on the price of oil and gas...

Sri Lanka has announced a two-week halt to all fuel sales except for essential services and appealed to the private sector to...

Middle East crude continued the week's firmer trend Tuesday, with those gains eating further into spot cracks in...

Global primary energy demand rose nearly 6% in 2021, overtaking 2019 levels by 1.3%....