Crude oil

Crude Oil

Peru Crude Production at Historic Low in Sept

Peru's crude production fell to a historic low of 29,165 b/d in September, less than half the level of 12 months earlier, according to data from hydrocarbons re…

Crude Oil

Opec Sees Oil Demand Peak Around 2040

World crude demand will make a strong post-Covid-19 recovery in 2021-2023 but will peak somewhere around 2040, Opec said in its World Oil Outlook.

Crude Oil

Russian Oil Production Tops OPEC+ Quota In September

Russia produced an average of 9.93 million bpd of crude oil and condensates last month, a little above its OPEC+ quota but still down 11.8 percent on the year, …

Oil & Gas Trade

Iraq Boosts Oil Exports Despite OPEC+ Pledges

Despite promises to keep in line with the OPEC+ pact, Iraq – OPEC’s second-largest producer and biggest laggard in implementing the cuts – slightly raised it…

Crude Oil

Egypt Inaugurates Refinery Project in Mostorod

Petroleum Minister Tarek al-Molla stressed the importance of developing Egypt’s infrastructure of Egypt in oil refining and processing, and the vital role this…

Crude Oil

Shell Set To Load First Oil From One Of Libya’s Open Ports

Supermajor Shell has provisionally chartered an oil tanker to load crude from one of Libya’s three open ports at the end of next week in what could be the firs…

Crude Oil

With 41m Barrels, Gabon’s Oil Pproduction Appreciated by 3% in H1 2020

Gabon has produced 41 million barrels of oil to the 1 st half of 2020.

Oil & Gas Trade

Iraqi Oil Ministry Denies Deal to Up Oil Exports

Iraq's oil ministry on Thursday denied a media report citing Oil Minister Ihsan Abdul Jabbar as saying an agreement was imminent with the OPEC+ group to increas…

Crude Oil

Gazprom Neft Sees Full Oil Demand Recovery By The End Of 2021

Russia’s oil producer Gazprom Neft believes that global oil demand will return to its pre-pandemic levels in the second half of 2021.

Crude Oil

EIA Sees Global Oil Market Balancing By End-2021

The OPEC+ production cuts and curtailments in the United States are set to help global inventories to continue drawing down for the rest of the year and most of…

Crude Oil

Libya Eyes 260,000 b/d as Opec+ Keeps Watch: Update

Libya's state-owned NOC said it expects the country's oil production to reach 260,000 b/d next week as onshore fields that have been shut in for several months …

Crude Oil

China Amends Customs Supervision on Crude Oil Imports to Improve Efficiency

Chinese customs said on Tuesday it will amend the way it supervises crude oil imports as part of a broader effort to boost efficiency.

Oil & Gas Trade

India's August Crude Imports Continue Slide as Economy Stalls

India's crude oil imports declined in August, albeit at a slower pace, as soaring coronavirus cases continued to hit mobility and slowed economic recovery.

Oil Price

India Topped Its Strategic Petroleum Reserves With $19 A Barrel Oil

India used the ultra-low crude oil prices earlier this year to top its strategic petroleum reserves with oil at $19 a barrel.

Oil Field

CNOOC Starts up Fifth Project off China in 2020

Chinese oil and gas company CNOOC has produced first oil from the Liuhua 16-2 and 20-1 joint development project in the South China Sea.