Crude Oil News

The US Department of Interior (DOI) sees about 27% more recoverable oil and gas reserves across of the Gulf of Mexico (GOM) than previous estimates as the Trump administration touts opportunities to boost domestic energy supply.

Middle East crude prices were sharply lower for a second consecutive week as the standoff between the US and China showed no signs of softening...

The Pipeline and Hazardous Materials Safety Administration (PHMSA) is still investigating the cause..

Crude oil futures nudging higher as benchmarks looked to pull away from the week's multi-year lows, which came after the escalation...

East of Suez oil prices eased again cement weekly losses of almost 8%, while the east-west spread for marine fuel and HSFO both widened to...

China raised its tariffs on all US products from 84% to 125% in response to the White House's threat to increase reciprocal duties to 145% as the...

BP expects lower first quarter earnings from trading natural gas, but an improved performance downstream from...

The US government has decided to sanction a Chinese terminal for breaking trade restrictions on Iranian crude and oil products in the latest move...

Chinese refiners are to scale up purchases of Saudi crude oil in the coming months, taking advantage of lower sale prices from the world's...

South Bow does not have a restart timeline for its Keystone pipe system, which ruptured near Fort Ransom, North Dakota...

Benchmark crude oil futures were mixed Thursday after US President Donald Trump placed global tariff plans on ice for all but China...

Crude oil futures were sliding lower as benchmarks struggled to hold onto initial gains after Trump announced a pause on...

Worldwide oil demand growth through next year will be undermined by a slew of changes in global policy, notably tariff increases...

A massive blaze erupted Thursday at Rosneft's Komsomolsk-on-Amur refinery, deep inside Russia...

Kazakhstan will meet its OPEC+ target in April and compensate for March overproduction, the Energy Ministry told Interfax, after the country...

Operator South Bow has started planning for repairs after its Keystone crude pipeline ruptured in...

The Caspian Pipeline Consortium (CPC) said Thursday it is expecting emergency repairs at a pumping station in southern Russia to...

East of Suez oil prices rebounded in line with global markets Thursday, including crude bouncing over 5%, while the refined products...

Chevron plans to broaden its use of so-called triple fracs technique, where three wells are fractured...

A prolonged high tariff and low oil price environment will lead shale producers to delay maintenance...