Crude

Oil & Gas Trade
OPEC Expects Global Oil Demand Hits Biggest Downfall
The Organization of the Petroleum Exporting Countries now expects global demand to contract by 9.07 million barrels per day, or 9.1 per cent, in 2020, it said i…
Crude Oil
Oil Drops in Early Asian Trading Amid Worries about Second Wave Pandemic
Oil prices fell in early Asian trading on Wednesday after industry data showed a rise in U.S. crude inventories and concerns mount about a possible second wave …
Crude Oil
U.S. Crude Output to Drop, Oil Demand to Slump by 2.2 Million Barrels Per Day in 2020
U.S. oil demand is expected to fall by about 2.2 million barrels a day in 2020.
Oil & Gas Trade
Saudi Aramco Will Continue to be Under Pressure as First-quarter Profit Slides 25%
Saudi Aramco reported a 25% fall in net income for the first quarter on Tuesday, as the state-owned oil giant battles with a dramatic slide in crude prices and …
Crude Oil
Saudi Arabia to Cut June's Oil Production
Saudi Arabia's Energy Ministry has directed the national oil company Aramco to further reduce crude oil production for June by an additional 1 million barrels p…
Crude Oil
UAE Making Even Bigger Cuts To Oil Production Next Month
The United Arab Emirates will cut even more oil production in June, UAE Minister of Energy and Industry Suhail bin Mohammed Faraj Faris Al Mazrouei announced th…
SINOPEC
Sinopec Puts China's Largest Petrochemical Port into Operation
China's leading energy and chemical company, has put China's largest petrochemical port into operation with the successful docking and unloading of the New Reno…
Crude Oil
Goldman Sachs: Oil Demand Could Exceed Supply By End-May
Oil demand could rebound enough to exceed supply by the end of this month, Goldman’s head of commodities Jeffrey Currie told Barron’s Market Brief, noting tha…
Crude Oil
Crude Oil Futures Rise on Spot Demand
Crude oil prices on Friday rose Rs 40 to Rs 1,874 per barrel as participants widened their positions on firm spot demand.
Oil Price
Saudi Arabia Raises Oil Prices As Demand Recovers
Saudi Arabia’s oil giant Aramco raised the price for all its crude oil grades to all regions for June in a move that analysts see as the start of demand recove…
Oil Price
In a Gloomy Oil Market, India's Pump Prices Echo $100-Plus Crude
Crude oil has plummeted to about $30 a barrel from $115 when Prime Minister Narendra Modi first came to power six years ago.
Crude Oil
Shell to Shut Philippines Refinery
Shell's Philippine affiliate Pilipinas Shell Petroleum will temporarily shut operations at its 110,000 b/d Tabangao refinery for approximately a month starting …
Crude Oil
Korea's SK Innovation Sees Refining Slump Continuing
SK Innovation, the south Korean oil refiner, sees no sign of recovery.
Crude Oil
Russia Predicts U.S. Oil Output Will Drop By 2-3 Million Bpd
U.S. oil production could decline this year by 2 million bpd-3 million bpd, due to limited storage capacity and low oil prices, Russia’s Deputy Energy Minister…
Oil & Gas Trade
Saudi Arabia Succeeds In Seizing Oil Market Share From Key Rivals
Saudi Arabia doubled its crude oil exports to China in April to the highest volumes since at least 2017.

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Crude

OPEC Expects Global Oil Demand Hits Biggest Downfall

Oil Drops in Early Asian Trading Amid Worries about Second Wave Pandemic

U.S. Crude Output to Drop, Oil Demand to Slump by 2.2 Million Barrels Per Day in 2020

Saudi Aramco Will Continue to be Under Pressure as First-quarter Profit Slides 25%

Saudi Arabia to Cut June's Oil Production

UAE Making Even Bigger Cuts To Oil Production Next Month

Sinopec Puts China's Largest Petrochemical Port into Operation

Goldman Sachs: Oil Demand Could Exceed Supply By End-May

Crude Oil Futures Rise on Spot Demand

Saudi Arabia Raises Oil Prices As Demand Recovers

In a Gloomy Oil Market, India's Pump Prices Echo $100-Plus Crude

Shell to Shut Philippines Refinery

Korea's SK Innovation Sees Refining Slump Continuing

Russia Predicts U.S. Oil Output Will Drop By 2-3 Million Bpd

Saudi Arabia Succeeds In Seizing Oil Market Share From Key Rivals