Crude oil

Crude Oil

US Buys 2 Million Barrels of Oil for Strategic Petroleum Reserve

The U.S. bought 2.1 million barrels of crude oil, the Energy Department said on Tuesday, to help replenish the Strategic Petroleum Reserve (SPR) after the large…

Oil Exploration

Bangladesh Puts to Use China-Built Crude Oil Offloading Facility - Official

Bangladesh started in recent days a large crude oil receiving and offloading facility built by China that allows the south Asian oil importer to significantly r…

Crude Oil

Nigeria's Dangote Refinery Receives First Crude Cargo

A view of the newly-commissioned Dangote Petroleum refinery in Ibeju-Lekki, Lagos, Nigeria May 22, 2023. REUTERS/Temilade Adelaja/File Photo Acquire Licensing R…

Oil & Gas Trade

US Seeks to Buy Up to 3 Million Barrels of Oil for Strategic Petroleum Reserve

An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.…

Crude Oil

BP to Become Sole Owner of Lightsource BP

BP signed a deal to acquire the 50.03 percent ownership share in Lightsource BP that it does not already own.BP PLC has signed a deal to acquire the 50.03 perce…

Oil & Gas Trade

Elliott Takes $1 Bln Stake in US Oil Refiner Phillips 66, Urges Board Revamp

A general view of the Phillips 66 Company's Los Angeles Refinery, which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, in…

Crude Oil

China Raises Fuel Oil Import Quotas by 3 Mln Tons for Non-state Firms

China has issued an additional 3 million metric tons in fuel oil import quotas in 2023 for non-state firms, according to a notice released by the country's …

Crude Oil

Nigeria Lost 3,000 Barrels of Crude to Offshore Spill – Nosdra

About 3,000 barrels of crude oil were lost to the November 15 oil spill from the offshore Egina Floating Production Storage and Offloading (FPSO) vessel of Tota…

Oil Price

Oil Down More Than 1% As Uncertainty Swirls Over Delayed OPEC+ Meeting

The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. Picture taken November 22, 2019. REUTERS/Ang…

Crude Oil

China's Zpc Resells Some Abu Dhabi Term Crude in Q1 2024

China's Zhejiang Petroleum and Chemical Corp (ZPC) has sold some of its term crude supplies from Abu Dhabi National Oil Company (ADNOC) in the first quarter…

Oil & Gas Trade

Energy Transfer Inks Non-binding Deal to Supply Crude to France's Totalenergies

A view shows a logo of TotalEnergies at an electric vehicle fuelling station in the La Defense business district in Courbevoie near Paris, France, February 8, 2…

Crude Oil

CNOOC Begins Production at First Phase of Bozhong 19-6 Gas Condensate Field

Men walk past a sign of China National Offshore Oil Corp (CNOOC) outside its headquarters in Beijing, China March 8, 2021. REUTERS/Tingshu Wang/File Photo Acqui…

Oil & Gas Trade

Qatarenergy-Sinopec's Long-Term LNG Contract Likely Priced Around 12.7% Slope to Oil

The LNG sales and purchase agreement signed between QatarEnergy and China Petrochemical Corp., or Sinopec, was likely priced around 12.7% slope to crude oil, wi…

Oil & Gas Trade

Russian Oil Shaves India's Import Costs by About $2.7 Billion

India saved roughly $2.7 billion by importing discounted Russian oil in the first nine months of this year, according to calculations based on government data, …

Crude Oil

Nigeria's State Oil Firm Launches New 'Nembe' Grade of Crude

The new logo of the privatised Nigeria oil company is seen at the NNPC Mega Gas Station in Abuja, Nigeria August 30, 2022. REUTERS/Afolabi Sotunde/File Photo Ac…