Asia Crude Oil News

Crude oil output from core OPEC members eased by around 70,000 bpd in January after a further decline in Iraq offset modest gains in...

Asia's gasoline market is bracing for tighter supply in Q1 as potential US crude tariffs could weigh on refinery runs in the Americas, while seasonal...

China will impose tariffs on a range of US exports, including crude oil and liquefied natural gas, escalating trade tensions following new US...

Crude oil futures were in reverse after headline prices surrendered early gains on reports that tariffs imposed over the weekend could be...

Iraq's parliament has approved legislation that could open the way for a resumption of exports from the semi-autonomous Kurdish region...

The world's largest independent energy trader, Vitol, has projected that global oil demand will maintain its current levels through 2040...

The OPEC+ Joint Ministerial Monitoring Committee (JMMC) has not recommended any immediate changes to the producer alliance's current...

Indonesia's government said the country produced nearly 580,000 bpd or 29 million mt of crude oil in 2024, below its target of 625,000 bpd, the latest data...

Middle East crude prices opened the month higher, ending a two-week long run of losses, but that failed to put the brakes on the rally in...

The average price for Middle East benchmark Dubai in January moved above the $80/b mark for the first time in six months, as prices...

Saudi Arabia's Bahri is set to expand its fleet with at least 10 new very large crude carriers (VLCCs) in 2025...

Turkey's crude oil imports pulled back from November's highs in December, dropping 8% on the month and 15% on the year to about...

Panama will ensure free passage for US Navy vessels through the Panama Canal and plans to withdraw from China's Belt and Road...

A Swiss court has convicted ex-Trafigura chief operating officer Mike Wainwright of bribing an Angolan official, sentencing him to 32...

Phillips 66 warns that some 450,000 bpd of Mexican crude that usually arrives in the US will get redirected to Europe and Asia...

Chevron is looking at more upstream growth opportunities in the US, specifically in the Permian Basin and in the US Gulf...

Crude oil futures were drifting lower, having struggled to hold earlier gains after President Donald Trump reiterated plans to impose tariffs...

Middle East benchmark Dubai crude was down over 2% following another round of steady declines...

HSFO cracks in Singapore strengthened , aided by weaker crude, while marine fuel markets saw narrowing spreads amid limited trade...

Middle East crude prices retreated for an eighth straight session Friday as physical markets, while product cracks...