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crude oil

News updates related to crude oil.

US crude oil exports hit a record 5.6 million barrels per day in May 2026.

Supply disruptions in the Middle East and an attractive price differential compared to Brent crude oil pushed US oil exports to an all-time high in May 2026.

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Conflicts in the Middle East caused global crude oil exports to fall by 8% in the past three months.

The disruption in the Strait of Hormuz has reshaped the world's energy flows, causing oil exports from the Middle East to fall by nearly 50% while shipping costs remain at record highs.
China's oil refining output hit a four-year low of 13.3 million barrels per day.

Oil refining activity in China in April 2026 fell 5.8% to its lowest level since 2022 due to negative profit margins and weakening domestic demand.

China's refined crude oil output hit its lowest level in nearly four years.

Oil refining activity in China declined in April 2026 due to negative profit margins. Production reached 13.3 million barrels per day, the lowest level since August 2022.
World oil prices today, May 14th: WTI oil surpasses $101, Brent oil maintains the $106 mark.

At the close of trading on May 13th, world crude oil prices continued their upward trend, with WTI reaching $101.58 per barrel. Meanwhile, natural gas prices increased by 0.81%, while RBOB gasoline prices decreased slightly.
Russia's crude oil production is expected to plummet by 460,000 barrels per day in April 2026.

A report from the International Energy Agency (IEA) shows that Russia's crude oil production has fallen to 8.8 million barrels per day, but crude oil exports have recorded an increase.
Russian oil production is expected to fall to 8.8 million barrels per day in April 2026.

The latest report from the IEA shows a sharp decline in Russian crude oil production, but seaborne exports are showing impressive signs of recovery.

OPEC oil production hit its lowest level in more than two decades due to tensions in the Strait of Hormuz.
May 12, 2026 15:31

OPEC's oil production in April 2026 plummeted to 20.04 million barrels per day, the lowest level since 2000, due to the impact of geopolitical conflicts in the Middle East.
Indian oil imports in March 2026: Middle Eastern supply down 61%, Russian oil accounts for 50%.
April 26, 2026 11:33

India's crude oil imports in March 2026 fell by 13%, to 4.5 million barrels per day. Disruptions in the Strait of Hormuz caused the share of Middle Eastern oil to fall to a record low, forcing...
Freight charges for Urals crude oil shipments to India have risen to $21 million per trip.
April 24, 2026 13:29

The cost of transporting Russian crude oil has seen a sharp increase as demand recovers, while also being impacted by the caution of international shipowners in the face of new sanctions.
US crude oil inventories rose to 465.7 million barrels, and energy exports reached a record high.
April 23, 2026 10:59

EIA data showed crude oil inventories increased contrary to forecasts, while gasoline reserves fell sharply by 4.6 million barrels. Brent crude oil prices maintained their upward momentum, surpassing the $101 per barrel mark.
US crude oil inventories rose by 1.9 million barrels, and energy exports reached a record high.
April 23, 2026 10:33

The EIA report showed that US crude oil inventories rose by 465.7 million barrels while gasoline reserves fell sharply by 4.6 million barrels. Energy exports reached a record high of 12.88 million barrels per day...
Citi forecasts global crude oil inventories to fall by 900 million barrels by the end of June 2026.
April 21, 2026 15:01

Citi Bank warns that global oil inventories will hit an eight-year low due to supply disruptions in the Strait of Hormuz, with Brent crude prices potentially reaching $130 per barrel.
US crude oil inventories fell by 913,000 barrels, while gasoline and diesel inventories also dropped sharply.
April 16, 2026 14:59

U.S. crude oil and fuel inventories fell sharply last week as exports surged and imports hit record lows amid volatile global supply.
US crude oil and gasoline inventories fell sharply, while Brent crude oil prices remained at $95.08.
April 16, 2026 14:32

A report from the U.S. Energy Information Agency (EIA) shows a sharp decline in gasoline inventories as imports hit record lows due to the impact of the conflict in the Strait of Hormuz.
US crude oil inventories rose to a three-year high of 464.7 million barrels.
April 11, 2026 05:02

Data from the EIA shows that US crude oil inventories rose sharply by 3.1 million barrels last week, far exceeding forecasts. Meanwhile, gasoline and refined product inventories declined.
US crude oil inventories rose to a three-year high of 464.7 million barrels.
April 11, 2026 05:02

The EIA report showed that U.S. commercial crude oil inventories rose by 3.1 million barrels, exceeding forecasts. However, fuel reserves fell sharply due to increased international demand.
OPEC+ increased oil production by 206,000 barrels per day in May 2026.
April 9, 2026 15:32

Faced with pressure from crude oil prices approaching $120 per barrel, OPEC+ decided to increase production quotas, but experts warn that this increase will not be enough to compensate for the supply shortfall.
OPEC+ increased production by 206,000 barrels per day in May 2026.
April 8, 2026 05:00

The OPEC+ alliance has agreed to increase crude oil production quotas by 206,000 barrels per day in May 2026 to calm the market amid oil prices approaching $120 per barrel.
India: Sugar industry proposes increasing ethanol blending ratio amid oil supply risks.
April 6, 2026 08:00

Sugar producers in India are urging the government to increase the ethanol blending rate in gasoline to maximize production capacity of 20 billion liters per year and strengthen energy security.
OPEC oil production in March 2026 is expected to fall by 7.3 million barrels per day, the lowest level since the pandemic.
April 3, 2026 13:29

OPEC's total oil production in March 2026 plummeted to 21.57 million barrels per day due to shipping disruptions in the Strait of Hormuz.
OPEC oil production in March 2026 is expected to fall by 7.3 million barrels per day, the lowest level since the pandemic.
April 3, 2026 11:03

OPEC's output plummeted to 21.57 million barrels per day in March 2026 due to shipping disruptions in the Strait of Hormuz and production cuts from Iraq.

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