Crude oil

Africa Energy

Mele Kyari Says Nigeria Can Hit 2.2 MB/D Crude Oil Production in 2023

Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, has said that the country can achieve a 2.2 million bar…

Crude Oil

Energy outlook: Oil making a comeback in 2023, says WoodMac

With the global energy crisis still running the show, Wood Mackenzie, an energy intelligence group, has outlined ten predictions for the energy industry in 2023…

Crude Oil

Venezuela Loads Crude Under Eased Sanctions

Venezuela started loading 250,000 bl of Boscan heavy crude in Bajo Grande, Zulia state, this weekend for export to the US under eased sanctions that allow Chevr…

Oil & Gas Supply

Global Oil Demand Could See Surprise Surge in 2023, Says Top Hedge-Fund Trader

But electric-vehicle adoption may stand in way to full return to trend, says Pierre AndurandGlobal demand for crude oil could see a bigger surge than traders an…

Oil & Gas Trade

Putin Bans Export of Russian Oil to Countries That Implement Price Cap

Moscow: President Vladimir Putin Tuesday delivered Russia’s long-awaited response to a Western price cap, signing a decree that bans the supply of crude o…

Oil Price

Algeria Sets Reference Price For Oil At $60 Barrel Through 2023/2025 -APS

Fuel storage tanks are pictured in Algiers, Algeria April 21, 2020. REUTERS/Ramzi BoudinaDec 25 (Reuters) - Algeria has set the reference price for crude oil at…

Oil & Gas Trade

New Petrobras’ FPSO Begins Production

Brazilian oil and gas company Petrobras has put into operation its new floating, production, storage and offloading (FPSO) vessel P-71, ahead of the expected st…

Oil Price

Oil Prices Rise Over $2 On Drawdown In U.S. Crude Stocks

The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. REUTERS/Angus MordantHOUSTON, Dec…

Oil Pipeline

TC Energy Has Submitted Plan To Restart Keystone Oil Pipeline After Spill - Source

Emergency crews work to clean up the largest U.S. crude oil spill in nearly a decade, following the leak at the Keystone pipeline operated by TC Energy in rural…

Crude Oil

Oil Rises On Hopes For China's Economy; Recession Fears Limit Gains

The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. REUTERS/Angus MordantNEW YORK, De…

Crude Oil

OQ Completes Work On Ras Markaz Crude Storage Terminal

Image courtesy: ONAOman-based OQ, a global integrated energy group, has completed the basic construction works of Ras Markaz crude oil storage terminal whose st…

Crude Oil

China Boosted Crude Oil Storage Even As Refiners Processed More

Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS/Aly Song/File PhotoLAUNCESTON, Australia, Dec 15 (Reuters) -…

Crude Oil

China Daily Oil Throughput Rises To One-year High In Nov

An aerial view shows tugboats helping a crude oil tanker to berth at an oil terminal, off Waidiao Island in Zhoushan, Zhejiang province, China July 18, 2022. cn…

Crude Oil

TC Energy Restarts Segment Of Keystone Pipeline Unaffected By Oil Spill

Emergency crews work to clean up the largest U.S. crude oil spill in nearly a decade, following the leak at the Keystone pipeline operated by TC Energy in rural…

Oil Price

Oil Prices Slip On Surprise Build In U.S. Crude Stocks

Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB…