Crude oil

Crude Oil
China Still Storing Crude Oil Even as Refinery Runs Rise
In July 2025, China’s refineries increased processing rates but maintained a crude oil surplus of 530,000 barrels per day (bpd), driven by robust imports …
Crude Oil
China’s Zhenhua Oil Doubles Crude Offtake From UAE in New Deal, Sources Say
On Thursday, industry sources announced that China’s Zhenhua Oil will double its crude oil offtake from the Abu Dhabi National Oil Company (ADNOC) to 200,…
Crude Oil
US Crude Production to Hit Record 13.41 Million Bpd in 2025 Before Falling, EIA Says
The U.S. Energy Information Administration (EIA) released a monthly report on August 12, 2025, projecting U.S. crude oil production to reach a record 13.41 mill…
Crude Oil
China’s July Crude Oil Imports up 11.5% Year-On-Year
China’s crude oil imports in July 2025 increased by 11.5% compared to the same month last year, reaching 47.2 million metric tons, or 11.12 million barrel…
Oil Refinery
India’s Biggest Refiner Buys US, Middle East Crude as Trump Slams Russia Purchases
Indian Oil Corporation (IOC), India's largest refiner, has secured 7 million barrels of crude oil from the United States, Canada, and the Middle East for Se…
Renewable Diesel
Canada’s Imperial Oil Posts Lower Quarterly Profit; Announces First Production From Renewable Diesel Plant
On Friday, Imperial Oil, a Calgary, Alberta-based oil producer, reported a decrease in second-quarter profit, primarily due to lower crude oil prices and reduce…
Crude Oil
Mexico Exports 39% Less Crude Oil in June, Lowest Level in Decades
In June, Mexico's state-owned oil company, Pemex, experienced a 39% decrease in crude oil exports compared to the previous year, marking the lowest export l…
Crude Oil
Thailand’s PTTEP Buys 50% of Offshore Gas Block From Chevron for $450 Million
Thai oil and gas company PTT Exploration and Production (PTTEP) announced a $450 million deal to acquire a 50% stake in Block A-18, located in the Malaysia-Thai…
Crude Oil
Trendsetter Bags Contract From Major US Gulf Operator
Trendsetter Engineering Inc., based in Houston, Texas, has been awarded a contract to supply four 15K horizontal subsea tree systems, along with associated tool…
Crude Oil
Valeura Energy Strikes a Deal With Pttep to Expand Its Thai Oil & Gas Footprint
Canada-based Valeura Energy has entered into a farm-in agreement with Thailand’s PTT Exploration and Production Public Company Limited (PTTEP) to acquire …
Crude Oil
US Became Net Exporter of Crude to Nigeria for the First Time, EIA Says
In February and March 2025, the United States became a net exporter of crude oil to Nigeria, driven by changes in regional demand and supply, according to the U…
Crude Oil
China Refining Output Rebounds to Strongest Since 2023
In June 2025, China’s crude oil refining output reached over 15.2 million barrels per day, the highest since September 2023, according to national statist…
Crude Oil
Perenco Completes Acquisition of Woodside’s Greater Angostura Stakes
Woodside Energy Group Ltd. sold its Greater Angostura oil and gas assets in Trinidad and Tobago to Perenco Group for AUD 206 million ($135.18 million). The deal…
Crude Oil
Petrovietnam and Partners Sign PSC for Vietnam’s Block 15-1
Vietnam National Oil and Gas Group (Petrovietnam) and its partners have signed a new product sharing contract (PSC) for Block 15-1, situated on the southern con…
Crude Oil
China Builds a Crude Oil War Chest Amid Middle East Tensions
China's crude oil stockpiles continue to grow as the nation refines less than its combined imports and domestic production, maintaining its position as the …

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Crude oil

China Still Storing Crude Oil Even as Refinery Runs Rise

China’s Zhenhua Oil Doubles Crude Offtake From UAE in New Deal, Sources Say

US Crude Production to Hit Record 13.41 Million Bpd in 2025 Before Falling, EIA Says

China’s July Crude Oil Imports up 11.5% Year-On-Year

India’s Biggest Refiner Buys US, Middle East Crude as Trump Slams Russia Purchases

Canada’s Imperial Oil Posts Lower Quarterly Profit; Announces First Production From Renewable Diesel Plant

Mexico Exports 39% Less Crude Oil in June, Lowest Level in Decades

Thailand’s PTTEP Buys 50% of Offshore Gas Block From Chevron for $450 Million

Trendsetter Bags Contract From Major US Gulf Operator

Valeura Energy Strikes a Deal With Pttep to Expand Its Thai Oil & Gas Footprint

US Became Net Exporter of Crude to Nigeria for the First Time, EIA Says

China Refining Output Rebounds to Strongest Since 2023

Perenco Completes Acquisition of Woodside’s Greater Angostura Stakes

Petrovietnam and Partners Sign PSC for Vietnam’s Block 15-1

China Builds a Crude Oil War Chest Amid Middle East Tensions