Crude oil

Crude Oil
OPEC Crude Output Cuts Should Help U.S. Shale Profits in 2021
U.S. crude oil production has fallen 2 million barrels per day in the last year as low prices and demand forced shale producers to cut their losses
Crude Oil
Floating Oil Storage Shrinks Amid Robust Asian Demand
Global floating oil storage declined at a fast pace in December as traders sold crude held on tankers in the absence of price incentives to store it and in orde…
Crude Oil
Petrobras Sets Oil Production Record in 2020
Robust Chinese demand for pre-salt crude buoyed Brazil' state-controlled Petobras in 2020, helping spur record output of 2.28mn b/d of oil.
Crude Oil
Japan Imported 19 million Barrels of Crude Oil from the UAE in November
Japan imported 19 million barrels of crude oil from the UAE in November 2020, accounting for 27.5 percent of Japan's total crude oil imports that month.
Crude Oil
IRAQ DATA: Dec Oil Production up 4.7%, Breaching OPEC+ Quota
OPEC's second-largest producer had a 3.804 million b/d quota for December under the OPEC+ deal.
Oil & Gas Trade
OPEC+ Allows Kazakhstan to Increase Oil Production in February and March
OPEC+ countries reached agreement on the terms of the deal for February and March.
Crude Oil
Russia: Annual Oil Production at Lowest Level Since 2011
Russia’s oil production declined last year for the first time since 2008 and reached its lowest level since 2011 following a global deal to cut output and low …
Crude Oil
OPEC+ Meeting Ends With Major Surprise Cut From Saudi Arabia
After another round of drama and a stalling of the talks on Monday, the Tuesday extension of the OPEC+ meeting concluded at long last with a solution upon which…
Oil Price
2021 Oil Prices Seen Hovering Around $45 per Barrel in 2021
2021 oil prices seen hovering around $45 per barrel in 2021: Moody's Investors Service.
South Korea
Iran Seizes UAE-Bound Chemical Tanker
Iran has seized a UAE-bound chemical tanker in the strait of Hormuz, further stoking already heightened tensions in the Mideast Gulf.
Oil & Gas Trade
Venezuela’s 2020 Oil Exports Plunged To The Lowest Level In 77 Years
Venezuela’s crude oil and refined product exports plummeted in 2020 to their lowest level in 77 years
Crude Oil
China’s Oil Giants Face NYSE Delisting
Chinese crude oil companies listed in New York may soon be kicked out, after the New York Stock Exchange delisted three telecoms with headquarters in China, due…
Crude Oil
Oil Prices Touch Multi-Month Highs as OPEC+ Expected to Hold Output
Oil prices touched multi-month highs on Monday on expectations that OPEC and allied producers may cap output at current levels in February as the coronavirus pa…
Crude Oil
Cambodia Prepares To Produce Its First Oil
As Asian oil demand looks set to increase over the next decade, Cambodia is taking advantage of the opportunity with its first crude oil production.
Crude Oil
Adnoc Distribution to Buy 15 Service Stations in Saudi Arabia for $10m
The company aims to “significantly” increase its presence in kingdom and become a top fuel retailer by 2025.

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Crude oil

OPEC Crude Output Cuts Should Help U.S. Shale Profits in 2021

Floating Oil Storage Shrinks Amid Robust Asian Demand

Petrobras Sets Oil Production Record in 2020

Japan Imported 19 million Barrels of Crude Oil from the UAE in November

IRAQ DATA: Dec Oil Production up 4.7%, Breaching OPEC+ Quota

OPEC+ Allows Kazakhstan to Increase Oil Production in February and March

Russia: Annual Oil Production at Lowest Level Since 2011

OPEC+ Meeting Ends With Major Surprise Cut From Saudi Arabia

2021 Oil Prices Seen Hovering Around $45 per Barrel in 2021

Iran Seizes UAE-Bound Chemical Tanker

Venezuela’s 2020 Oil Exports Plunged To The Lowest Level In 77 Years

China’s Oil Giants Face NYSE Delisting

Oil Prices Touch Multi-Month Highs as OPEC+ Expected to Hold Output

Cambodia Prepares To Produce Its First Oil

Adnoc Distribution to Buy 15 Service Stations in Saudi Arabia for $10m