Crude Oil News

Equinor's Sverdrup oil field in the North Sea went offline Thursday after a power failure, with no indication as to when...

Crude oil futures were slightly weaker in European trading hours Thursday, extending the steep losses the previous session amid...

OPEC has trimmed its oil demand forecast for the fourth quarter of 2021 along with overall 2021 demand growth, citing higher prices...

Kuwait has become the latest NOC to lift its December crude export official selling price (OSP) for Asian refiners, reflecting continued strength in...

Middle East crude oil prices retreated sharply Thursday, largely wiping out the gains from the last two sessions...

Iraq's State Oil Marketing Organization has sharply increased Official Selling Prices for Asia and Europe in December while trimming...

Increases in energy prices continued to drive Japan’s industrial cost indices higher through October, with prices increasing...

The oil market has enough spare capacity to contain a price spike exacerbated by a colder winter, the chief executive of Mercuria...

The European complex eased Wednesday after Brent prices dropped following news of a small build in US commercial crude stocks, while backwardation...

US refiners upped production for the third week in a row as Gulf Coast plants recovered from maintenance...

Crude oil futures Wednesday were trading weaker on the day and down from earlier peaks as European gas prices continued to retreat, while WTI tumbled...

Stocks of the main refined product groups in the US were drawn down across the board in the last week, while a build in commercial...

Swiss-based trading house Gunvor is expecting “huge volatility” as part of the longer-term...

Lukoil boosted oil, gas, and refinery production in the third quarter, the Russian company announced Wednesday...

Refined product imports into Vietnam rebounded 25% in October after hitting a 33-month low in...

International efforts to combat climate change should not undermine global energy security, Saudi energy minister Prince Abdulaziz bin Salman, told the UN climate summit...

Middle East crude oil prices rallied for the third consecutive day, while diesel cracks hit a three-week...

Stocks of crude oil and refined products in Japan rebounded last week but remained sharply lower than season levels, but kerosene...

Spanish crude oil imports slid 17% in September to its second lowest level for the month in...

Exports of CPC blend crude reached their highest level in nine months in October...