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Latest reporting and analysis tagged with Crude Oil.
Crude oil and gasoline prices rose sharply, hitting multi-month highs due to fears of escalating tensions in Iran and supply disruptions from drone attacks. Prices later retreated after a bearish EIA inventory report showed increased supplies.
China's crude oil imports hit record highs in 2025 and December, with significant stockpiling activity noted. New storage capacity is being added, supporting global oil prices.
Crude oil and gasoline prices rose sharply on Tuesday, reaching multi-week highs due to geopolitical tensions, supply disruptions from drone attacks, and supportive factors like Chinese demand and commodity index rebalancing.
Russian crude oil exports to China rose 23% in December, while exports to India fell 29%, according to CREA. LNG exports to Europe surged, with France and Spain increasing purchases.