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Crude Oil
Adnoc Begins Crude Production in Offshore Asset
Abu Dhabi National Oil Company (Adnoc) has started crude oil production from its Belbazem offshore block, approximately 74.6 miles (120 kilometers) northwest of…
Oil&Gas Drilling
US Oil Output to Touch a Record High in 2024, but Growth Will Slow - EIA
A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, near Iraan, Texas, U.S., March 17, 2023. REUTERS/Bing Guan/File Photo …
OPEC
OPEC’s December Crude Production Averages 28.05mbpd
The Organisation of Petroleum Exporting Countries (OPEC) pumped an average of 28.05 million barrels a day, MMbpd in December as it persevered with supply restra…
Crude Oil
Column: Saudi Output Cut Removes Downside Risk From Oil Market
General view of Aramco tanks and oil pipe at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed JadallahExt…
Crude Oil
Adnoc to Supply Full Crude Volumes to Asian Buyers in July
The Abu Dhabi National Oil Company (Adnoc) has informed at least three buyers in Asia that it will supply full contractual volumes of crude in July, steady from…
Oil Price
Aramco’s Profit Soars 46% To Record $161BN on Higher Oil Prices
Aramco oil tanks in Abqaiq, Saudi Arabia. The state energy company will raise crude production to 13 million barrels per day by 2027.Saudi Aramco, the world'…
United States
Chevron Venezuela Output up by 40,000 B/D
Chevron said its crude output in Venezuela has risen by about 40,000 b/d to reach 90,000 b/d since US sanctions were eased against the country late last year, w…
Crude Oil
China Daily Oil Throughput Rises To One-year High In Nov
An aerial view shows tugboats helping a crude oil tanker to berth at an oil terminal, off Waidiao Island in Zhoushan, Zhejiang province, China July 18, 2022. cn…
OPEC
Opec Mulls Removing IEA as a Secondary Source
Opec has removed Paris-based energy watchdog the IEA from the panel of "official" secondary sources that monitor the group's monthly crude production.
Crude Oil
Oil Terminal Blast In Nigeria Takes Production Offline
An oil terminal was shut down in Nigeria after an attack caused a blast on the facility, and the operator of the terminal declared force majeure that will see c…
Crude Oil
Venezuela Takes First Iranian Condensate of 2022
Venezuela has received this year's first cargo of the Iranian condensate that has proven critical to its crude production recovery.
Oil Price
Opec+ Quota Gap Widens
Opec+ crude production increased last month but fell short of the 400,000 b/d agreed rise in quotas, as several members struggled to keep pace.
Crude Oil
Libya Oil Pipeline Maintenance Completed
Libya's state-owned oil firm NOC expects the country's crude production to partially recover in the coming days following the early completion of pipeline maint…
Crude Oil
Libya's NOC Says 300,000 b/d Crude Shut in
Libya's state-owned NOC said more than 300,000 b/d of crude production is shut in at fields in the western part of the country.
Crude Oil
Production Starts at Angola’s Clov 2 Oil Project
Crude production has started at the Clov 2 project in block 17 offshore Angola, the second new deepwater development to come on stream in the west African count…

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