China’s Kenli 10-2 oilfield has entered full production in the Bohai Sea with daily output exceeding 2,800 tonnes.

SINGAPORE, May 11 (Reuters) - Three tankers carrying crude exited ‌the Strait of Hormuz last week and on Sunday with trackers switched off to avoid Iranian attacks, shipping data from Kpler and LSEG ...

U.S. crude oil exports surged to a record 5.2 million barrels per day in April, according to data from commodities data firm Kpler. Exports are surging as buyers in Asia and elsewhere seek U.S. crude ...

Global oil prices surged to a four-year high overnight before retreating somewhat early Thursday as the Strait of Hormuz remains closed, and the prospect of a deal to end the conflict looks dim. The ...

The price of oil briefly hit $126 — its highest price in years. Brent crude oil surged overnight on Thursday, April 30 to $126.41 a barrel, reported several news outlets, including CNN and CNBC. The ...

U.S. crude oil inventories posted a large drop last week amid record exports and a decline in imports, according to data released Wednesday by the U.S. Energy Information Administration. Commercial ...

Buy ICE Brent crude futures (or Brent CFD) for a near-term squeeze higher. The article flags a credible risk of war resumption “as soon as this week,” with Iran seeking higher oil prices to pressure ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 4.4 million barrels in the week ending April 17. In the week prior, US crude oil inventories ...

The price of a barrel of oil remains well below the $100 mark, but gas prices are still more than $4 per gallon on average, according to AAA. The price of oil per barrel was at $88.72 as of 5 a.m.

How is West Texas Intermediate different from say Saudi crude or Venezuela sour? What is light, sweet crude? Why does the type of oil matter? At a refinery, crude oil ultimately gets converted into ...

Dated Brent, the global benchmark for real-world, physical barrels of crude oil, reached $144.42 on Wednesday, Bloomberg reported citing S&P Global Energy Platts, its highest price on record, breaking ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. CARSON, CALIFORNIA - MARCH 10: In an aerial view, Marathon ...