Asia Crude Oil News

Swiss testing giant SGS and France's Bureau Veritas have abandoned merger talks aimed at creating a $33 billion leader in the global...

Freight rates for very large crude carriers (VLCCs) on key Middle East-Asia routes have surged this month on robust crude buying by...

Diesel and crude oil futures market extended rallies during the week ending 21 January as traders continued to price in the shockwaves from...

Crude oil futures were nudging higher Friday although benchmarks were heading for the first weekly decline in a month...

Middle East benchmark Dubai crude rowed back from recent six-month highs following a sequence of steady declines...

Adnoc will not be returning to the Red Sea anytime soon, with the key shipping route still seen as a risk, according to a senior...

Chinese state-owned oil producer and refiner Sinopec processed 252.3 million mt of crude in 2024, equivalent to 5.05 million bpd...

Chevron has started oil production at its Future Growth Project (FGP) in Kazakhstan's Tengiz field, a key milestone in its efforts to boost...

Middle East crude prices retreated for a fifth straight session Friday as gradual declines saw Dubai drop 3% over the week, while...

US President Donald Trump has called on OPEC and Saudi Arabia to reduce oil prices, claiming that lower crude costs would help end...

The global shipping industry faces stranded asset risks worth $400 billion as vessels and new orders are set to emit double the carbon permitted...

India has scaled back Russian crude imports in recent months, turning to Middle Eastern suppliers, while refined product exports...

South Korean oil refiner S-Oil expects crude oil refining margins to remain steady in the first quarter of 2025 after the company's...

Crude oil futures were slightly lower on Thursday as markets steadied at a support level following a week-long retreat that wiped out more than...

India's domestic crude runs rose to 23.9 million mt in December 2024, marking a 10% increase from November's 21.64 million mt and a...

Middle East crude prices eased for a fourth straight session Thursday although they showed signs of stabilising, while the selloff...

Eneos, Japan's largest oil refiner, has taken its 129,000 bpd crude distillate unit at the Chiba refinery offline for scheduled turnaround...

China's state-owned oil producer CNOOC plans to boost oil and gas production to a record high in 2025, citing expectations for 5% economic...

Crude oil imports into Japan last month increased to the highest level in two years, while domestic refinery runs continued to recover...

Australian refiner Ampol reported a recovery in refining margins at its Lytton refinery in Q4, with the margin improving to $4.60/b...