Crude Oil News

Swiss-based investment bank cut its June Brent forecast by $10/b while increasing its...

The Ukrainian government has called on the world's largest commodities trading houses to halt loading Russian crude...

The latest surveys from two of designated secondary sources for the OPEC+ producer group showed that production last month fell for the first time...

European product cracks bounced back higher on Friday, with backwardation steepening as...

Crude oil futures Friday were slightly higher as the impact of the huge IEA stocks release continues to ripple through markets, while...

French oil refineries and large petrochemical sites will be first in line to be cut from the natural gas grid in case of a large...

The controversial Cambo oil and gas field has changed hands with North Sea operator Ithaca Energy buying...

Diesel and ethanol are expected to lead the way in transport fuel consumption growth over the next decade in Brazil, leading...

Dubai crude finished the week ending 8 April around 3.5% lower, as markets tumbled following the coordinated release of strategic oil reserves...

Nigerian crude oil output hit a two-month low in March after a rise in Forcados output partially...

Middle East Dubai crude edged up Friday, but direction remained uncertain as the market continued to digest...

Austrian oil and gas group OMV took a €2-billion ($2.17 billion) hit during the first quarter...

Gasoil and diesel stocks held in independent storage in the trading hub of Amsterdam...

South Korea will provide just over 7 million barrels of strategic crude reserves as its contribution to the global inventories release...

Crude oil futures Thursday were marginally lower following the previous session's 5% decline, which came after the IEA...

The International Energy Agency on Thursday confirmed that its coordinated strategic release of crude...

Brent crude futures fell below $100/b by the time of the cash market close at 1630 London...

Oil refiners in Russia are running out of places to store their products as the cost of doing business with...

EU parliamentarians have demanded the Commission to ratchet up sanctions on Russia and impose...

Backwardation in the Middle East Dubai crude benchmark slumped to a two-month low Thursday, after the IEA announced it will coordinate...