Crude Oil News

16 Nov 2021
Rising oil supplies is turning the tide in global oil markets and could trigger lower prices...
16 Nov 2021
Middle East crude oil prices strengthened Tuesday leaving light end cracks flat to...
16 Nov 2021
Premiums for Russia’s ESPO crude oil hit new post-pandemic highs against benchmark Dubai Tuesday, underpinned by...
16 Nov 2021
Plans to use an Israeli pipeline to transport crude oil from the Arabian Gulf to the Mediterranean coast under a deal with the...
16 Nov 2021
Royal Dutch Shell called Tuesday a deal on carbon trading agreed at the COP26 conference in Glasgow a "good agreement" that will help...
16 Nov 2021
US shale oil production will rise 85,000 bpd month-on-month in December to reach 8.36 million bpd...
16 Nov 2021
Funds were bullish WTI crude futures and bearish US gasoline and heating oil futures last week as US refiners...
16 Nov 2021
Global oil markets remain very tight and the steep backwardation will remain in place as demand returns to pre-pandemic levels, Trafigura’s...
16 Nov 2021
Russia has added its voice to the growing list of producers pushing back on US calls to ramp up oil production...
15 Nov 2021
Distillate cracks continued to tumble in Europe, overshadowing another drop in Brent on Monday...
15 Nov 2021
Crude oil futures Monday were lower versus the previous close amid concerns of economic growth and inflation, while talk of...
15 Nov 2021
Royal Dutch Shell is to relocate its legal and tax headquarters to the UK, ditch its dual-class share structure, and rebrand as...
15 Nov 2021
Oil markets remain tight with global demand close to pre-pandemic levels, while even a release from the US Strategic Petroleum Reserve would...
15 Nov 2021
US President Joe Biden was pressured again on Sunday to release barrels from the country’s strategic petroleum reserve...
15 Nov 2021
Saudi Arabia expects inventories to rise over the next few months, negating the need for the OPEC+ block to quicken the pace of production hikes...
15 Nov 2021
Brent prices above $80/b have been inflated by OPEC+ countries struggling to lift production
15 Nov 2021
South Korean crude oil imports rebounded in October, beating pre-pandemic levels as...
15 Nov 2021
The global oil and gas industry requires more than $600 billion of investment annually to keep up with the growing demand for energy...
15 Nov 2021
Middle East crude oil started the week in retreat mode, while distillate cracks hit multi-week low...
15 Nov 2021
The OPEC+ block of oil producers is likely to stick with current plans to increase daily output by 400,000 barrels per month, Suhail Al Mazrouei, UAE Minister...
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