Crude oil

Oil Pipeline

Video: Uganda, Tanzania Sign a Deal to Construct Longest Heated Crude Oil Pipeline

​Uganda and Tanzania have signed a deal that will mark the start of the construction of the longest heated crude oil pipeline in the world.

Oil & Gas Supply

Uganda Stands to be one of Sub-Saharan Africa’s Top Five Oil Producers by 2025

With the East African Oil Pipeline project recently getting the go-ahead, Uganda is set to produce its first oil as early as 2025 and production in the next fiv…

Oil Pipeline

Keystone Pipeline Cancelled After Biden Blocks Permit

Construction on pipeline began last year when former president Donald Trump revived the long-delayed project

Crude Oil

Iran Projects 90 Days to Hit 4 million Barrels of Daily Oil Output Once Sanctions are lifted

Iran plans to restore the bulk of its crude oil production within one month of the easing of U.S. sanctions if world powers manage to broker the revival of the …

OPEC

Russia Claims Its Compliance With OPEC+ Cuts Was Almost 100% In May

Russia was close to complying 100 percent with its oil production quota under the OPEC+ deal in May

Crude Oil

Oil Extends Gains, Trading Above $70 on Upbeat Outlook​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​

Prices are expected to be elevated in the coming months as economies recover from Covid-19 pandemic, analysts say

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 …