Crude Oil News

Speculators continued to unwind long positions in Brent crude last week, as mounting concerns over a prolonged global surplus and the...

US crude prices fell 2.5% Monday after the long, Easter holiday weekend amid fears the US and China are not making progress...

Crude oil futures opened the week lower following the extended holiday weekend as tariff concerns continued to dominate sentiment...

Talks between the US and Iran on Tehran's nuclear ambitions were seen moving forward after the two sides agreed to a third round...

Ports in the US will begin charging new fees that will increase over time for ships belonging to Chinese...

The Department of Interior (DOI) is looking to develop an expanded multi-year US offshore oil and...

Chevron has begun service at its joint-venture Ballymore oil and gas field in the Gulf of Mexico (GOM)...

Turkey is set to finalise an oil and gas exploration deal in Bulgaria's Black Sea waters next month as part of a broader drive to reduce its...

Middle East crude prices opened the week higher, while the front month gasoil EFS reached the widest in a fortnight...

QatarEnergy has awarded its monthly Al Shaheen tender for June-loading cargoes at higher levels on the month, reflecting the improvement...

OPEC+ needs to clear a backlog of almost 140 million barrels via its "compensation mechanism" if is to clear the overproduction since...

China's crude oil imports declared as Malaysian surged in March, nearing Russian volumes as the top origin for Chinese refiners, while...

US crude futures managed by speculative investors tilted to the bullish side last week as geopolitical uncertainties surrounding Iranian supplies outweighed...

The Nigerian National Petroleum Company wants to raise $60 billion and more than double its crude oil production to 3 million bpd by 2030...

The United States launched a major airstrike on Yemen's Ras Issa oil terminal on 17 April, targeting key energy infrastructure...

Colombia's Bicentenario crude pipeline was shut down on 17 April following an explosive attack in the northeastern department of Arauca...

Enbridge expects to restore normal operations to its liquids pipelines and terminals Thursday after temporarily...

The Czech Republic ended a more than 60-year reliance on Russian crude supply after a Prague-area tank farm received this week its first...

Crude oil futures were higher Thursday, extending gains on hopes of a thaw in the US/China trade standoff, while tightening Iran sanctions...

US oil and gas rotary drilling activity rebounded after sliding for three weeks, as rig counts in the Permian...