Asia Crude Oil News

Crude oil futures were drifting lower as markets took stock after the steep rally since the US and its allies announced tighter sanctions...

Premiums for flagship crude grades surged to the highest levels in over two years, as the latest round of sanctions sent refiners scrambling...

The volume of ship-to-ship transfers of sanctioned Russian oil near China could spike in the short term if the two countries were to maintain the trade flow in the...

Crude production from OPEC+ was little changed in December with a reduction from the UAE offset by more modest increases elsewhere...

Outright Middle East crude steadied after consolidating early week-gains Tuesday, which helped put a brake on the recent retreat in...

Crude oil futures opened the week higher as the clampdown on sanctioned oil and US cold snap lifted prices to...

Major investment banks estimate the latest US sanctions targeting Russia's energy sector could affect up to 1.7 million bpd of crude...

India will achieve its 20% ethanol blending in gasoline target by October, the end of the current ethanol supply year, while crude oil demand...

Middle East crude prices soared more than 5% Monday after the US and its allies launched fresh sanction targeting Russian crude...

Middle East crude opened the week over 5% higher as East of Suez markets were given first chance to react to the fresh round...

Ukraine has launched a drone attack on Russia's TANEKO refinery in Tatarstan, according to local media reports, continuing its campaign...

Refined oil product exports by Chinese refiners slumped in the final month of 2024 despite a modest rebound in crude oil imports, government data...

Crude oil futures Friday were sharply higher as markets consolidated a third week of positive returns amid tighter sanctions on...

Middle East benchmark Dubai crude soared to fresh three-month highs as buyers in Asia scrambled to cover potential shortfalls...

Middle East crude markets raced to three-month peaks as the early-2025 price rally continued, while gasoil hit fresh five-month highs...

Crude oil futures rebounded from earlier lows on reports that the outgoing Biden administration was set to introduce a fresh round of sanctions...

Middle East shipping risks are likely to surge under a potential second Trump presidency, consultancy Ambrey said in a report...

Crude oil prices this year could be as much as $10/b lower than in 2024 as Chinese demand is set to peak amid a boom in electric vehicle...

Saudi Aramco has trimmed term allocations to customers in China for February, as the OPEC kingpin looks to keep a lid on output...

Middle East crude prices rowed back Thursday, catching up with the Brent retreat after Asia had closed in the previous session, while...