One of Thailand's major crude oil producers has stated that a leak from one of its storage sites off the shores of Chon Buri province late Thursday was due to an unforeseen accident.

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MIDF Research: Oil prices under pressure as supply outpaces demand

Crude oil prices are expected to remain under pressure and could fall below US$65 per barrel (pb) due to persistent oversupply and weaker ...

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Spain's imports of Venezuelan oil dry up ahead of US sanctions deadline

Spain didn't import crude oil from Venezuela in April, ahead of a key sanctions deadline set by U.S. President Donald Trump's administration. Spain's largest oil company Repsol is among foreign firms ...

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Demand for US light sweet crude drops as OPEC+ ramps up output

Rising OPEC+ supplies and new streams of oil coming online globally are increasing options for European and Asian refiners and weighing on export demand for light sweet U.S. crude, contributing to ...

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Crude oil spill reported off Sriracha coast — Thai Oil activates emergency response plan

Thai Oil said it had initiated its emergency response plan, deploying three containment booms around the spill site and applying oil dispersant chemicals to limit the spread.

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