Crude oil futures traded lower on Wednesday morning after industry data showed an increase in US inventories for the week ending May 9. At 9.59 am on Wednesday, July Brent oil futures were at $66. ...

Saudi Arabia’s direct crude burn for power generation is likely to rise this summer compared to last year, potentially easing part of the concerns about a global oil glut as the OPEC+ group ...

U.S. crude oil inventories posted an unexpected build last week, while product stocks fell amid higher demand, according to data released Wednesday by the U.S. Energy Information Administration.

June WTI crude oil (CLM25) today is up +0.19 (+0.30%) and June RBOB gasoline (RBM25) is down -0.00082 (-0.38%). Crude oil prices today recovered from early losses and are moving higher on the ...

Crude oil stocks, not including the SPR, stood at 438.4 million barrels on May 2, the U.S. Energy Information Administration's latest weekly petroleum status report showed. Image by hachiware via ...

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. Chinese teapot refiners Fuhai Group and Shaanxi Yanchang Petroleum ...

An analysis piece sent to Rigzone by the S&P Global team on Monday stated that U.S. crude oil production is now expected to decline next year. “Slowing global oil demand amid extreme uncertainty ...

July WTI crude oil (CLN25) Friday closed up +0.33 (+0.54%) and July RBOB gasoline (RBN25) closed down -0.0169 (-0.81%). Crude oil and gasoline prices on Friday settled mixed, with gasoline sliding ...

LAUNCESTON, Australia, May 12 (Reuters) - China's imports of crude oil edged into positive territory for the first months of the year, but rather than a sign of improving fuel demand, the recovery ...

IOC's Q4 net profit rose 50% year-on-year (YoY) growth in standalone net profit to ₹7,264.85 crore, due to inventory gains, as the company processed crude oil bought at lower prices and sold ...