Crude oil

Oil & Gas Trade

India Exploring Ways to Source Crude Oil from Russia: Pradhan

India is exploring ways to source crude oil from Russia, Oil Minister Dharmendra Pradhan said. “We are working on the strategy to diversify our crude oil suppl…

Oil & Gas Trade

India, Russia Initiate Talks for Long-Term Oil Supply

India and Russia have begun negotiations on an agreement for long-term assured supplies of crude oil, especially from Russia’s Far East region, as New Delhi lo…

Crude

China’s Top Oil Firm Sees Demand Growth Cut in Half in 2020

The world’s biggest oil import market could see demand growth in 2020 of just half of last year’s levels as the trade war’s ripple effects continue to be fel…

Crude

Crude Falls after Trump Says Iran ‘Appears to be Standing Down’

Crude oil prices continued to fall Wednesday after President Trump said Iran is standing down in the Middle East and the U.S. will impose new sanctions on the n…

Crude

Crude Oil Jumps as Markets Dip on Iran’s Missile Assault Against US

Oil prices jumped to their highest in months on Wednesday after Iran attacked American forces in Iraq in response to a U.S. strike that killed an Iranian genera…

Crude

Tullow Oil Reveals Discovery of ‘Higher Quality’ Crude Offshore Guyana

Tullow Oil PLC (LON:TLW) has revealed a higher quality oil discovery offshore Guyana, in the Carapa-1 well within the Kanuku licence.

Crude

China Sinochem to Start $4.6 Billion Quanzhou Petrochemical Complex in Mid-2020

China Sinochem Group is expected to start up a new crude processing unit and a petrochemical complex in southeastern China around mid-2020, marking the state fi…

Crude Oil

Libya’s Largest Oil Refinery Faces Closure Amid Clashes

Libya’s national oil company said Saturday it may face closure because of clashes close to its refinery in the country’s western port. The NOC said in a state…

Crude

​Shell Wins Auction of Guyana's First Three Crude Oil Cargoes

Royal Dutch Shell won the rights to market Guyana’s first cargoes of crude oil, the government said on Tuesday, just days after oil production began and launch…

Crude

600-gallon Oil Spill Left Parts of the Galapagos Islands

The spill is reportedly the result of an error at a port on San Cristobal Island. An accident saw a crane collapse as it was loading a barge with a container ca…

Oil Price

Crude Oil Prices Drift Lower Despite US-China Trade Hopes

Crude oil prices drifted lower in the Asia Pacific Monday session, but remained close to three-month highs after three straight weeks of gains which have now me…

DEA

DEA Deutsche Erdoel AG headquartered in Hamburg, Germany, is an internationally operating exploration and production (E&P) company for natural gas and crude oil…

Oil and Gas Technology

IOC's INDMAX Refining Technology Is Selected by Serbian Oil&Gas Company

After creating ripples in the domestic refining sector, state-owned Indian Oil Corporation's (IOC) state-of-the-art INDMAX refining technology has been selected…

Crude

The Chemical That Caused Russia's Oil Contamination Crisis

A highly toxic and possibly illegally traded chemical substance was the main culprit in the crisis with contaminated oil, which had Russia interrupt oil flows o…

Crude

Trump Claims To Have Taken Control Of Middle East Oil

“We’ve taken control of the oil in the Middle East, the oil that we’re talking about, the oil that everybody was worried about. We have the U.S. control of t…