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Crude oil
Oil & Gas Supply
Iraq Cuts Term Crude Supplies to Some European Cilents
Deliveries of Iraqi Basrah crude to Europe and the Mediterranean could drop next year after state-owned marketer Somo trimmed allocations for some of its term c…
Crude Oil
U.S. Briefly Became Net Petroleum Importer This Year
The United States briefly returned to being a net importer of crude oil and petroleum products in May and June this year, as U.S. crude oil and refinery output …
Oil & Gas Trade
U.S. Ups Pressure to Push Venezuela Oil Exports to Zero
Under the increased pressure from the United States, the companies classifying ships are asked to check if vessels have participated in shipments to Venezuela.
China
China Hits 26 per cent of 2020 Target for U.S. Energy Imports under Trade Deal
China has accelerated imports of crude oil, propane and liquefied natural gas from the United States since July.
Crude Oil
The OPEC Producer Looking To Sell A Stake In Its Oil Company
OPEC producer Angola plans to raise much-needed cash via selling a stake in its state oil firm Sonangol by early 2022 as the crash in oil prices—and the pandem…
Crude Oil
U.S. Crude Oil Inventories Decrease by 0.8 million Barrels
U.S. commercial crude oil inventories decreased by 0.8 million barrels from the previous week.
Crude Oil
Kazakhstan will Produce 86 Million Tons of Oil in 2021
According to media reports on November 20, Kazakhstan’s Minister of National Economy Ruslan Dalenov said on Thursday that the country’s oil production next ye…
Crude Oil
Marginal Oilfields Output Dips to 1.52mb
Marginal oil fields in Nigeria produced 1.52 million barrels of crude oil and condensates in August 2020, accounting for 2.97 per cent of Nigeria’s total oil a…
Oil Price
Oil Prices Reach Three Month High on Improving Demand Outlook
Oil touched its strongest level since early September as signs that Covid-19 vaccinations in the U.S. could be underway within three weeks improved the demand o…
Crude Oil
Crude Oil Pares Losses After UAE Reassures on OPEC Commitment
Crude oil prices were down fractionally in early trading in New York on Thursday, paring earlier losses after the United Arab Emirates rebutted reports claiming…
Libya
Liberian Govt Extends Licensing Round, 2020
The Government of Liberia, through the Liberia Petroleum Regulatory Authority, has announced an extension of the time frame for the Liberia License Round, 2020 …
Oil Pipeline
Minnesota Grants Key Permits for Line 3 Crude Oil Pipeline
Minnesota regulators have granted a stack of important approvals for Enbridge Energy’s planned Line 3 pipeline replacement across northern Minnesota.
Oil Price
Oil Prices Tick Up With Inventory Draws Across The Board
The American Petroleum Institute (API) reported on Tuesday a major draw in crude oil inventories of 5.147 million barrels for the week ending November 6.
Crude Oil
Iraq Says October Crude Output Exceeds Opec+ Quota
Iraq exceeded its Opec+ crude output ceiling last month, when production rose by 242,000 b/d from September to 3.842mn b/d, according to state-owned marketing f…
Oil Price
Oil Prices Jump On Large Crude Inventory Draw
The Energy Information Administration reported a day after the American Petroleum Institute estimated an 8-million-barrel draw that pushed oil prices higher.
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