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Crude oil
Crude Oil
Iraq's May Oil Exports Averaged About 2.9 mln bpd - Oil Ministry
Iraqi oil exports stood at about 2.9 million barrels per day (bpd) in May, little changed from the previous month, the country's oil ministry said on Tuesday.
Crude Oil
Nigeria’s Oil Revenues Slump 98% In April
Nigeria’s crude oil export revenues slumped by as much as 98 percent from March to April this year because of movements in the price of gasoline.
Crude Oil
i3 Energy to Acquire Additional Stake in South Simonette Oil Property
i3 Energy is set to acquire an additional 49.5% interest in the South Simonette oil property in Lower Montney, Canada, from Anegada Oil.
OPEC
OPEC Projects Tight Oil Markets in Advance of June Crude Output Talks
A year after shuttering unprecedented volumes of crude, the OPEC+ alliance is expecting world oil markets to get acutely tight.
Crude Oil
Iran Claims Its Oil Production Could Jump To 6.5 Million Bpd
Iran can boost its crude oil production to as much as 6.5 million barrels per day when the U.S. sanctions on its oil industry are lifted, Iranian Oil Minister B…
Crude Oil
Biden Defends Alaska Oil Project
President Biden’s administration has backed the Willow oil project in Alaska in a new filing by the Department of Justice.
Oil & Gas Trade
Nigeria Inks Massive Oil Deal With Supermajors
Nigeria’s National Petroleum Corporation this week signed a deal with Shell, Exxon, Total, and Eni to develop an offshore oil block that includes the deepwater…
Market Analysis
Oil Markets Set for Recalibration as US and Iran Attempt to Restore Nuclear Deal
Commodities prices are expected to keep rising, even if Iranian supply returns, Saxo Bank's head of commodity strategy says
Crude Oil
Saudi Arabia Beats Russia Again To Top Chinese Oil Supplier Spot
Saudi Arabia kept its status as China’s top oil supplier in April, beating Russia for the eighth month in a row as the world’s largest oil buyer imported the …
Oil Exploration
China Makes Headway in Construction of New Offshore Oil Platform
The float-over installation of the Lufeng 14-4 central platform, China's largest independently designed and built offshore crude oil production platform, has be…
Crude Oil
Oil Prices Tumble As Crude Inventories Rise
Crude oil prices moved further down today after the Energy Information Administration reported a crude oil inventory build of 1.3 million barrels for the week t…
Crude Oil
Angolan Crude Oil Exports to Drop in July - Programme
Angola will export 33 crude oil cargoes in July, including one cargo of Plutonio deferred from June, down from 37 cargoes initially scheduled in June.
Crude Oil
S Korea's SK Energy to Limit Q2 Oil Product Output Amid Fragile Asian Demand
Transportation fuels -- including gasoline, diesel and jet fuel -- saw their refining margins improve sharply from 2020 levels amid a pick up in mobility, but S…
Crude Oil
Crude Prices Cross $70 per barrel as Western Economies Open
Portugal eased its border restrictions and opened for tourists from the UK and the EU earlier this week
OPEC
OPEC’s Oil Exports Are Surging By 1 Million Bpd In May
OPEC’s oil exports have jumped by 1 million barrels per day so far in May, while the OPEC+ group started easing the production cuts by 350,000 bpd this month, …
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