Asia Crude Oil News

Crude oil futures Wednesday rowed back from earlier three-month highs as bearish EIA inventory report wiped out earlier gains...

Middle East crude prices surged to fresh three-month highs Wednesday on potentially tightening availabilities, while spot gasoil touched...

Oil production from the 12 core OPEC members eased during December as reductions in the UAE and Iran offset increases from Libya and...

Inventories of jet fuel in Japan fell to a four-month low last week as local refiners prioritised heating oil feedstock output amid falling...

A fire hit one of the crude distillation units at Sinopec's Zhenhai refinery Tuesday evening, but no casualties or injuries were reported, the company...

Crude oil futures Tuesday were climbing higher, overturning earlier losses following reports that a key Chinese port is set to ban sanctioned...

US crude oil exports climbed to their highest level in nine months in November as resurgent Asian demand coincided with easing hurricane...

The US government has placed Chinese oil major CNOOC on a military blacklist due to its ties to the People's Liberation Army (PLA), citing...

China's Shandong Port Group has barred US-sanctioned oil tankers from docking, unloading, or receiving services at its key terminals...

Middle East crude prices eased slightly from the three-month highs Tuesday after the rally in benchmarks ran out of steam...

Crude oil output from core OPEC members eased by just over 100,000 bpd in December after the UAE reined in production...

Goldman Sachs said Chinese demand for crude oil could drop further in the coming week as independent refiners in the country continue to...

Speculative bullish sentiment in the crude oil and diesel market continued to improve into the end of 2024 as money managers shifted their...

Crude oil futures Monday were marginally higher, as cold blasts in the US and Europe underpinned the firm start to 2025...

The CEO of Frontline, the world's largest publicly traded oil tanker operator, has criticised the International Maritime Organization (IMO)....

The Biden administration is set to introduce further sanctions targeting Russia's shadow tanker fleet, which transports crude oil sold...

Goldman Sachs believes that Iranian output will only decline by around 300,000 bpd despite sales being targeted by further sanctions...

Maintenance at Kazakhstan's Tengiz oil field, the country's largest, is set to conclude by mid-January, according to local media reports...

KazTransOil, Kazakhstan's national oil transporter, announced Monday it surpassed its 2024 oil transportation plan, achieving total throughput...

Saudi Aramco has increased the OSP for its flagship Arab Light crude loading in February, reflecting the firmer cash cargo premiums...