Crude oil

Crude Oil

BHP Produces First Oil from Ruby Project

Oil and gas company BHP has produced first oil production from the Ruby project, which is located offshore Trinidad and Tobago.

Crude Oil

Titan LNG’s Second FlexFueler Springs into Action

Titan LNG, a Dutch independent LNG supplier, has completed a bunkering operation with its recently commissioned FlexFueler 002.

Energy Security

Oil Tanker Leaks Crude After Collision Near China’s Qingdao Port

A 900-foot crude tanker leaked oil into the ocean just outside China’s biggest refining center, raising the specter of environmental damage and disruption of s…

Oil Refinery

Korean Oil Refineries Offset Weak Oil Demand with Market Diversification

South Korea’s major oil refiners are going all-out to recoup losses from a Covid-19 pandemic-driven slump with market and product diversification.

Market Analysis

These Two Meetings Will Affect Oil And Gold Prices In May

Traders are closely watching two important events this week that are likely to set the tone for oil and gold prices next month.

Crude Oil

Taranto to Take First Seaborne Crude in Months

Italian integrated firm Eni's 84,000 b/d Taranto refinery is preparing to take its first seaborne crude cargo since September as domestic onshore supplies are c…

Crude Oil

Mexico Complying with Opec+ Deal: Energy Minister

Mexico is "complying" with its commitment to Opec+ with crude production just below its target

Energy Technology

Crude Oil Catalytic Cracking Technology Realizes the World's First Industrial Application

Recently, the catalytic cracking technology of crude oil independently developed by the Research Institute of Petrochemical Industry is being tested in Yangzhou…

Crude Oil

Nigeria’s President Restores Four Drilling Permits Revoked from China’s Addax

Nigerian President Muhammadu Buhari reversed a government decision to revoke four oil permits from a unit of China’s Sinopec.

Oil Refinery

SA’s Oldest Refinery, Engen, to be Converted to a Storage Terminal

The Engen refinery in Wentworth is set to be converted into a storage terminal due to low profit margins and a challenging refining environment.

Oil & Gas Trade

Iran: Oil Exports Hit 500,000 Barrels per day

According to a Reuters statement that reveals predictions from tanker tracking firms that Iran’s crude oil exports since the beginning of the month have hit ab…

Oil Refinery

Duqm Refinery Project Marks 80% Progress

Duqm Refinery and Petrochemical Industries Company has announced that the progress in Duqm refinery project exceeded 80 per cent by end of March and increase fr…

Oil Refinery

PetroChina’s Jieyang Refinery Plans Start-up Next Year

Chinese state-controlled firm PetroChina's under-construction 400,000 b/d Jieyang refinery in south China's Guangdong province is targeting a start-up in the fi…

Crude Oil

Rystad Energy Sees Oil Demand Peaking In 2026

The accelerating adoption of electric vehicles and electrification in other oil-consuming sectors is set to bring peak oil demand as early as 2026 at 101.6 mill…

Crude Oil

OPEC+ Unlikely To Drastically Change Oil Pact Next Week

The OPEC+ group is unlikely to make any material changes next week to the plans to ease the production cuts over the next three months.