Sinochem has delivered its first Middle East crude cargo, signaling a strategic expansion of its oil trading business in Asia ...

Sinochem has delivered its first Middle East crude cargo during the Platts Dubai Market on Close process, trade sources said on Tuesday, part of an effort by the Chinese firm to step up oil trading in ...

Crude oil demand in China has weakened and is a bearish factor for oil prices. According to Chinese customs data, China's 2024 crude imports fell -1.9% y/y to 553 MMT.

The oil price rally, which puts crude futures on track for gains of around 8% week-to-date, has surprised many market observers in that it appears to be somewhat subdued given what's at stake. For ...

NEW ORLEANS (WVUE) - Oil prices are not oblivious to the tensions between Israel and Iran and the recent bombing of Iran’s nuclear facilities by the U.S. Oil prices have slumped. A barrel of U.S ...

Oil Prices: WTI for December delivery advanced 0.3% to settle at $69.49 a barrel in New York. Brent for January settlement rose 0.4% to settle at $73.10 a barrel.

In August, the Middle East accounted for 44.6% of India’s crude imports, up from 40.3% in July. Iraq, Saudi Arabia, the UAE and Kuwait are the main Middle Eastern suppliers of oil to India.

Crude and gasoline prices settled moderately higher on Friday, with gasoline posting a 1-week high. Ramped-up Middle East tensions are boosting crude prices.

Stay informed about oil market trends. Read about how easing tensions in the Middle East and rising U.S. crude inventories are impacting oil prices.

Oil prices soared on escalating Middle East tensions, after Israel and Hezbollah exchanged fire over the weekend, prompting concerns about Iran's potential involvement. Market expectations center ...

Oil futures climbed Friday, contributing to a gain for the week, with lingering worries over the potential for a wider Middle East conflict helping to put a floor under crude prices, analysts said ...

The oil price rally, which puts crude futures on track for gains of around 8% week-to-date, has surprised many market observers in that it appears to be somewhat subdued given what's at stake.