Crude oil

Crude Oil

China at Record Pace on Storage, Propping Up Oil Prices

China has been replenishing its oil reserves at a record pace.

Crude Oil

Venezuela's Oil Exports have Plunged

Venezuela's oil exports have fallen nearly 28% in the first half of June, on course for the lowest level in over 70 years as tanker owners and operators suspend…

China Energy

China Imported 47.97 Million Tons of Crude Oil in May

China's crude oil imports increased from a decline in May, and international crude oil prices rebounded rapidly.

Crude Oil

Yemen Aims to Raise Oil Output 25 % within Months

Yemen aims to raise its crude oil production by 25% to 75,000 barrels per day in the coming months.

Africa Energy

Nigeria Now in Full Compliance with Daily Oil Output

Nigeria had previously failed at complying completely with its promised cuts in past months.

Oil Price

Rosneft Launches "Denationalization" Reorganization

Russia's largest state-owned oil company Rosneft experienced its first quarterly loss in eight years.

Crude Oil

OPEC+ Delivers 85% Compliance on Oil Output Cuts in May: S&P Global Platts Survey

OPEC and its allies slashed almost one-fifth of their crude oil production in May.

Crude Oil

Refineries Around Asia Join Chinese Peers in Ramping up Oil Output

Refineries from India to South Korea are expected to join their Chinese counterparts in ramping up production from June.

Crude Oil

Rig Count Plunges Below 300 in 13th-Straight Week of Losses

The number of operating drilling rigs in the U.S. fell below 300 for the first time, as energy companies continue to shut down oil-field operations amid low cru…

Crude Oil

OPEC+ Meetings Postponed Until Mid-June

The OPEC+ group has postponed its technical and monitoring meetings until the middle of June.

Crude Oil

Crude Oil Futures Rise on Spot Demand

Crude oil prices on Friday rose Rs 9 to Rs 2,826 per barrel as participants widened their positions on firm spot demand.

Crude Oil

Indonesia Sees Product Demand Up 160,000 b/d by 2026

Indonesia expects domestic oil product demand to increase by 12pc or around 160,000 b/d by 2026, but an expansion of refinery capacity should eliminate the need…

Crude Oil

US Refiners Spread Out Heavy Maintenance Plans

Efforts to slow the spread of Covid-19 will lead to heavier US refinery maintenance over the next year.

Africa Energy

Libya Oil Production Comes to Halt as Economy Affected

The civil war enforced by the warlord Khalifa Haftar in Libya has brought oil production and exports to a grinding halt, creating financial strain on the UN-rec…

Oil&Gas Drilling

UAE's ADNOC to Cut July Crude Nominations by 5% After OPEC+ Pact

State-run Abu Dhabi National Oil Company (ADNOC) has informed customers of a cut in its crude oil nominations for July in line with a decision by OPEC+ last mon…