Crude

Crude Oil
U.S. Oil Dominance is Coming to an End
The U.S. tight oil or shale rig count has fallen 69% this year from 539 in mid-March to 165 last week.
Crude Oil
Oman Steps Up Plan to Build Middle East's Biggest Oil-Tank Farm
Oman's ambitious goal of building the biggest oil-storage facility in the Middle East is finally progressing, more than seven years after the Gulf sultanate ann…
Oil & Gas Trade
Russia July Crude Oil and Fuel Oil Export Tariffs Rose to 5.16 US Dollars / Barrel
The Russian Ministry of Finance issued a statement on Monday saying that as oil prices recovered, Russia set the July export tariff for crude oil and fuel oil a…
Crude Oil
China at Record Pace on Storage, Propping Up Oil Prices
China has been replenishing its oil reserves at a record pace.
Crude Oil
Venezuela's Oil Exports have Plunged
Venezuela's oil exports have fallen nearly 28% in the first half of June, on course for the lowest level in over 70 years as tanker owners and operators suspend…
China Energy
China Imported 47.97 Million Tons of Crude Oil in May
China's crude oil imports increased from a decline in May, and international crude oil prices rebounded rapidly.
Oil Shale
EIA Forecasts U.S. Shale Oil Output Decline of 93,000 Barrels a Day in July
Crude-oil production from seven major U.S. shale plays is forecast to decline by 93,000 barrels a day in July to 7.632 million barrels a day.
Crude Oil
Yemen Aims to Raise Oil Output 25 % within Months
Yemen aims to raise its crude oil production by 25% to 75,000 barrels per day in the coming months.
Africa Energy
Nigeria Now in Full Compliance with Daily Oil Output
Nigeria had previously failed at complying completely with its promised cuts in past months.
Oil Price
Rosneft Launches "Denationalization" Reorganization
Russia's largest state-owned oil company Rosneft experienced its first quarterly loss in eight years.
Crude Oil
OPEC+ Delivers 85% Compliance on Oil Output Cuts in May: S&P Global Platts Survey
OPEC and its allies slashed almost one-fifth of their crude oil production in May.
Crude Oil
Refineries Around Asia Join Chinese Peers in Ramping up Oil Output
Refineries from India to South Korea are expected to join their Chinese counterparts in ramping up production from June.
Oil & Gas Trade
Oil Price Climbs to $42 as China's Imports Hit All-Time High
Oil prices climbed on Monday after OPEC+ agreed to extend a deal on record output cuts to the end of July and as China’s crude imports hit an all-time high in …
Crude Oil
Rig Count Plunges Below 300 in 13th-Straight Week of Losses
The number of operating drilling rigs in the U.S. fell below 300 for the first time, as energy companies continue to shut down oil-field operations amid low cru…
Crude Oil
OPEC+ Meetings Postponed Until Mid-June
The OPEC+ group has postponed its technical and monitoring meetings until the middle of June.

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Crude

U.S. Oil Dominance is Coming to an End

Oman Steps Up Plan to Build Middle East's Biggest Oil-Tank Farm

Russia July Crude Oil and Fuel Oil Export Tariffs Rose to 5.16 US Dollars / Barrel

China at Record Pace on Storage, Propping Up Oil Prices

Venezuela's Oil Exports have Plunged

China Imported 47.97 Million Tons of Crude Oil in May

EIA Forecasts U.S. Shale Oil Output Decline of 93,000 Barrels a Day in July

Yemen Aims to Raise Oil Output 25 % within Months

Nigeria Now in Full Compliance with Daily Oil Output

Rosneft Launches "Denationalization" Reorganization

OPEC+ Delivers 85% Compliance on Oil Output Cuts in May: S&P Global Platts Survey

Refineries Around Asia Join Chinese Peers in Ramping up Oil Output

Oil Price Climbs to $42 as China's Imports Hit All-Time High

Rig Count Plunges Below 300 in 13th-Straight Week of Losses

OPEC+ Meetings Postponed Until Mid-June