Crude

Russian

Druzhba pipeline restarts Russian oil flows to Europe

Russian oil flowed through the Ukrainian section of the Druzhba pipeline on April 22 after a halt lasting months, officials ​said.Hungarian oil group said that…

Venezuela

Chevron agrees to asset swap in Venezuela to focus on heavy oil projects

Chevron signed two key agreements on April 13 to expand ‌operations at Venezuela's vast Orinoco Belt, including an asset swap adding an extra heavy cru…

Libya

Libya fully resumes output at Sharara and El Feel oil fields, NOCK says

​Libya's National Oil Corporation said on March 30 ​that oil production had fully resumed at the Sharara and El ‌Feel oilfields after completing main…

Philippines

Petron secures 2.5M barrels of Russian crude oil

THE Philippines’ sole oil refinery has secured nearly 2.5 million barrels of Russian crude out of extreme necessity, a stock exchange filing revealed on M…

Philippines

The Philippine President Marcos: PH has enough crude oil until June 2026

President of the Philippines Ferdinand Marcos Jr. on Friday announced that the country has sufficient crude oil supply to last until June 30, 2026.

Saudi Arabia

Saudi Aramco cuts oil supply to Asia for second month in April

March 23- Saudi Aramco, the world's top oil exporter, has cut crude supply to ​Asian buyers for a second month ‌in April.The producer is supplying onl…

Crude Oil

Spain to release 11.5M barrels from strategic oil reserves

The Spanish government on Tuesday approved the release of up to 11.5 million barrels of oil from its reserves in a bid to ease supply shortages.Speaking to repo…

South Korea considers importing Russian oil

The South Korean government is pursuing the reintroduction of Russian crude oil imports, suspended since 2022, as the prolonged closure of the Strait of Hormuz …

Hungary to Build New Oil Pipeline with Serbia

Croatian Prime Minister Andrej Plenković stated that Croatia is capable of ensuring crude oil supply to Hungary and Slovakia to address the disruption in oil s…

Supply Risk Premium Rises Following Disruption in Russian Crude Oil Pipeline

Russian pipeline operator Transneft has reduced its system-wide crude intake by approximately 250,000 barrels per day following damage at its Kaleykino pumping …

U.S. Crude Oil Inventories Fall by 9 Million Barrels; Refinery Utilization Rate Reaches 91.0%

The U.S. Energy Information Administration (EIA) released its weekly inventory data for the week ending February 13, 2026, showing that U.S. commercial crude oi…

Western Canada Select Crude Oil Discount Widens to Near One-Year High

The discount for Western Canada Select crude oil relative to the North American benchmark West Texas Intermediate futures widened to its highest level since Jul…

Approval of Texas Deepwater Oil Terminal to Boost U.S. Crude Export Capacity

The U.S. federal government recently approved a project to construct a deepwater oil terminal along the Texas coast, which is being advanced by Sentinel Midstre…

Crude Oil

CNOOC's Offshore Gas Field Cluster Around Hainan Island Achieves Annual Oil and Gas Equivalent Output Exceeding 10 Million Tons

On December 30, CNOOC announced that the cumulative oil and gas equivalent production of its offshore gas field cluster around Hainan Island in 2025 has exceede…

Crude Oil

Egyptian Petroleum Minister Inspects First Exploration Well Operations at New Oil Field in Gulf of Suez

Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, recently visited the Gulf of Suez region to inspect the drilling progress of Well No. 133…