Crude Oil News

The Libyan Prime Minister has urged the OPEC producer group to pump for more oil as the world is...

Asia's run rates and oil demand will come under pressure in coming months on the back of high oil prices and tight feedstock availability, while an abundance of unsold spot...

Japan raised its gasoline subsidy level to its recently increased ceiling of JPY25/litre ($0.21/l) as retail prices...

Russian oil production shut-in is set to reach 3 million barrels per day (bpd) by April as...

Middle East crude markets Wednesday closed higher for the first time in a week, while refined...

Low sulfur gasoil futures tumbled to a two-week low by the European close on Tuesday...

The board of directors at energy major Shell are being sued for a failure to properly prepare for the net-zero transition by...

Australian oil products imports trended lower for a third consecutive month in January, with a 9% month-on...

Crude oil futures Tuesday continued the sharp downwards trend on hopes of a ceasefire in Ukraine, while focus also switched to...

US oil production will increase 117,000 bpd to 8.708 million bpd in April, led by record output in the...

Italian oil major ENI is set to lift its force majeure on crude oil exports from its Brass...

The world's biggest oil exporter Saudi Aramco is considering taking payment for its oil...

Oil producing group OPEC said Tuesday that it still expected oil demand to rise by 4.2 million bpd...

Backwardation in the Middle East Dubai crude benchmark slumped to a two-week low Tuesday, as fears over prompt supply shortages...

Crude throughput in the world's biggest importer of oil fell 1% in the January-February period...

Benchmark Dubai crude Tuesday tumbled by more than $10/b as the sharp downturn continued...

There are no active discussions ongoing between the Biden administration and...

The French government defended TotalEnergies' decision to retain its current Russian...

Norwegian energy major Equinor will stop trading Russian oil as it admitted that it will take...

Urals crude crashed to fresh lows Monday as buyers continued to shun the flagship Russia grade...