The most important type of crude oil used in Europe is Brent Crude, named after the North Sea oilfield where it is extracted. Brent Crude is a particularly light crude oil which is carried from ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 6.037 million barrels for the week ending March 28 ...

The International Energy Agency (IEA) expects US oil production growth to slow down due to President Donald Trump's protectionist policies, contrary t ...

When crude oil is processed, a lot of grungy byproducts are left over. A new study indicates that a couple of those substances can be used to make low-cost carbon fibers, which could in turn find ...

India spends a large amount of foreign exchange on importing crude oil from Gulf countries. If the this oil reserves turn out to be substantial, it could bring significant economic benefits to the ...

Oil prices rose on Wednesday, buoyed by government data showing U.S. crude oil and fuel inventories fell last week and by mounting concerns about tighter global supply following the U.S. threat of ...

US oil futures fall after API reports decline in crude inventories By Investing.com - Apr 08, 2025 Investing.com -- U.S. crude oil futures fell from post-settlement levels Tuesday as the American ...

May WTI crude oil (CLK25) today is up +0.10 (+0.14%), and May RBOB gasoline (RBK25) is up +0.0148 (+0.65%). Crude oil and gasoline prices are moving higher today, with crude posting a 5-week high ...

SINGAPORE, April 11 (Reuters) - Saudi Arabia's crude oil supply to China will surge in May from the month before as a sharp price cut by the kingdom boosts demand, sources said on Friday.

(Bloomberg) -- Gunvor Group is renewing its leadership team after taking some hits in crude oil trading last year including a bullish North Sea play that went wrong, according to Chief Executive ...

The Dangote Petroleum Refinery and some modular refineries in Nigeria may spend about $8.56bn to import an estimated 122,400,000 barrels of crude oil to achieve full operational capacity in six ...

Both API and EIA reports can influence crude oil prices, though the API is often used as a preliminary indicator. The API report is based on voluntary survey responses from its members ...