Crude Oil News

The February monthly average price for benchmark Middle East Dubai crude was sharply higher versus the previous month, as Middle East crude prices continued...

Societe Generale and Credit Suisse were the first two banks to be named by market traders...

Dubai physical crude oil prices Monday were higher from the pre-weekend settlements having...

Funds bet on the spread widening between WTI and Brent last week after the Russian invasion of Ukraine...

Brent crashed below $100/b after energy flows missed the round of sanctions imposed by the west against Russian

Crude oil futures Friday continued the previous session's sell-off, giving up earlier gains as oil markets remained in a state of heightened volatility...

Chemical tanker Millennial Spirt, sailing under the Moldovan flag, has been struck by...

ExxonMobil will expand the carbon capture and storage capability at its LaBarge facility in the United States after announcing...

The European Union has introduced a fresh round of sanctions on Russia which will...

Benchmark Dubai crude finished the week of 25 February sharply higher on global supply fears after Russia launched its invasion of Ukraine

Asian crude prices on Friday continued to retreat from the this week's seven-year highs after the...

The European Space Agency's Sentinel-1B satellite will remain offline for 'several months' and possibly forever...

The US shale boom has bounced back with surging oil prices for the wildcatters that drove the first tight oil revolution, but...

Iraq's giant West Qurna 2 oil field has shut down for  maintenance that is expected to last one month...

Russian Urals crude oil differentials in Northwest Europe slumped to record lows this week as the threat of further sanction...

Oil futures and product prices spiked after Russian tanks rolled into Ukraine, creating extreme backwardation...

Crude oil futures, already trading at eight year highs, of $103/b could rise by a further $27/b...

Some banks have stopped issuing letters of credit (LC) to cover the purchase of Russian oil, as financial lenders seek to clarify...

Crude stocks built in the US last week and there was a ramp up in refinery production...

Crude oil futures Thursday surged above $100/b for the first time since 2014 after President Putin said Russia had launched a "special military operation" in Ukraine...