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Crude
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…
Metal
Turkey’s Crude Steel Production Increased by 10% in November
Türkiye's crude steel production in November 2025 increased by 10% compared to November 2024, reaching 3.31 million tons, according to data from the Wo…
Crude Oil
China’s Largest Offshore Oilfield Reports Record Annual Oil, Gas Output
China National Offshore Oil Corporation (CNOOC) announced on December 21, 2025, that the Bohai Oilfield, the country's largest offshore oil and gas producti…
Crude Oil
Turkmenistan Expands Oil Production at Uzynada Field
Turkmenistan’s Türkmennebit State Concern has achieved a substantial rise in hydrocarbon production at the Uzynada oil and gas condensate field, foll…
China
CZPC Receives Investment Licence for Zambia Oil Refinery
The Zambia Development Agency (ZDA) has officially issued the investment licence to China Zambia Petrochemical Corporation (CZPC), enabling the immediate start …
Crude Oil
Russia’s Rosneft Reports 70% Fall In 9-Month Net Income
Rosneft (ROSN.MM), Russia's leading oil producer, announced on Friday that its net profit for the first nine months of 2025 dropped sharply by 70% compared …
Nigeria
Nigeria’s Dangote Refinery Delays CDU Maintenance to End of January 2026
Nigeria’s Dangote Refinery, Africa’s largest with a capacity of 650,000 barrels per day, has postponed planned maintenance on its primary crude dist…
Indonesia
POSCO International to Invest $862 Mln in Indonesian Palm Oil Business
POSCO International has completed a $862 million investment program to establish a fully integrated palm oil value chain in Indonesia, covering plantations, cru…
Crude Oil
Venezuela Approves 15-Year Extension of Russia-Linked Oil Joint Ventures
Venezuela’s National Assembly approved a 15-year extension of the joint ventures between state-owned Petróleos de Venezuela S.A. (PDVSA) and a subs…
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