Crude

Crude Oil

Libya Needs Months to Restore Output: Sanalla

Libya's crude production will take months to return to near the 1.22mn b/d achieved prior to blockades that froze all of the country's onshore crude output in J…

Market Analysis

Big Oil Confronts Possibility of Terminal Demand Decline

Although crude prices have rebounded from coronavirus crisis lows, oil execs and experts are starting to ask if the industry has crossed the Rubicon of peak dem…

Oil & Gas Trade

Poland and Germany to Cut Russian Pipeline Oil Imports in July

Poland and Germany are set to reduce purchases of Russian flagship Urals crude blend via the Druzhba pipeline this month after Moscow cut its oil output along w…

Crude Oil

Exxon Is Big Oil's Outlier In The Post-Pandemic World

While oil majors stuck to spending discipline after the 2015-2016 price crash, ExxonMobil was the one to stand out from the crowd as it increased capital expend…

Crude Oil

New Zealand Cuts 2020 Oil Output Forecast

New Zealand has cut its 2020 upstream output forecast slightly, but now sees its existing oil and gas reserves lasting for longer than previously planned.

Crude Oil

Brazil's Oil Output Grows by 7.8% in 2019

Brazil's oil output grew by 7.8 percent in 2019 compared with the year before, averaging 2.8 million barrels a day.

Crude Oil

Saudi Prince Phones Nigeria to Bring Them in Line with OPEC+ Cuts

Saudi Arabia, de facto leader of the OPEC cartel, held a call with fellow member Nigeria as the organization strives to deliver production cuts aimed at bolster…

Crude Oil

How the Fed Bailed Out U.S. Oil And Gas

he Trump administration has taken dozens of actions during the Covid-19 pandemic to benefit the oil and gas industry.

Crude Oil

Iraq to Review Some Oil Contracts at High-Cost Fields

Iraq is reviewing oil contracts with some companies operating fields where costs are high, in order to reduce expenses while cutting production.

Crude Oil

UAE's Adnoc Rolls Over Crude Nomination Cuts in August

Abu Dhabi's state-owned Adnoc will continue to apply 5pc cuts to client nominations for August-loading volumes of the company's four main grades.

Oil & Gas Trade

Owner of Largest Refinery in India Stops Importing Venezuelan Oil

Reliance Industries, the owner of the largest refinery in India and the world, has stopped buying Venezuelan crude.

Oil Price

Oil Prices Advance on Growing Fuel Demand, Even As U.S. Coronavirus Cases Jump

Extending gains on optimism about a recovery in fuel demand worldwide, despite a surge in coronavirus infections in some U.S. states and signs of a revival in U…

Crude Oil

Equatorial Guinea Adopts New Petroleum Regulation

Equatorial Guinea’s Ministry of Mines and Hydrocarbons has announced the adoption of the new Regulation of Petroleum Operations Regulation.

Crude Oil

Suriname Awaits New President, New Oil Policy

Suriname's president Desi Bouterse has conceded defeat in the emerging oil producer's 25 May parliamentary elections, two days after the country's electoral cou…

Crude Oil

Iran, Iraq Discuss Oil Cooperation

Iranian Oil Minister Bijan Namdar Zangeneh and his Iraqi counterpart Ihsan Abdul Jabbar discussed ways to promote cooperation between the two neighbors in the o…