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Crude
Crude Oil
Algeria Strikes Deal with Chevron to Assess Offshore Oil
Algeria signed an agreement with US energy giant Chevron on Wednesday aimed at assessing potential offshore oil resources in the Mediterranean, according to the…
Crude Oil
Ecuador Eyes $42 Bln in Oil Sector Investments Through 2029
An infrastructure of Ecuador's state-run oil company Petroecuador is pictured outside of Nueva Loja, Ecuador May 3, 2022.Ecuador expects foreign oil compani…
Crude Oil
MODEC’s FPSO Staying Five More Years With Petrobras Offshore Brazil
FPSO Cidade de Angra dos Reis;Brazil’s state-owned oil and gas giant Petrobras has prolonged the assignment of a floating production, storage, and offload…
Crude Oil
China’s Crude Oil Imports May Grow 1% in 2025, CNPC Says
A 3D printed natural gas pipeline is placed in front of displayed CNPC (China National Petroleum Corporation) logo in this illustration taken February 8, 2022.C…
Crude Oil
Aker Solutions Wins Work on vår Energi’s Assets off Norway
Vår Energi's Ringhorne platform.Norway-based energy services provider Aker Solutions has signed a strategic partnership agreement with compatriot oil …
Oil Price
Oil Prices Hold as Trump Declares Energy Emergency
Oil prices were little changed on Wednesday as markets weighed U.S. President Donald Trump's declaration of a national energy emergency on his first day in …
Oil Price
Azerbaijani Oil Prices Take Nosedive
The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta decreased by $0.53 on January 21 compared to the previous ra…
Crude Oil
Extreme Cold Disrupts North Dakota Oil and Natural Gas Production
The extreme North Dakota cold is known to disrupt several industries, including the production of oil and natural gas.As of Tuesday morning, oil production is e…
Crude Oil
Two Contractors Dead in Germany After Gas Cylinder Explosion at Bosch Site
Two contractors died after a gas cylinder exploded on the premises of Bosch, the world's largest car parts supplier, German police and the company said on T…
Crude Oil
Trump Says He’ll Fill US Strategic Oil Reserve ‘Right to the Top’
President Donald Trump said he plans to fill the US’s strategic oil reserve right to the top after it reached lows not seen since the 1980s under Presiden…
Biofuel
Palm Oil Prices to Average Higher in 2025 on Indonesia Biodiesel Demand
A worker collects oil palm fruits at a plantation in Sepang, outside Kuala Lumpur April 10, 2009.Malaysian crude palm oil (CPO) futures are expected to average …
Crude Oil
Akakus Company Records Highest Crude Oil Production Rate in Seven Years.
Akakus Oil Company recorded yesterday the highest crude oil production rate, which it has not recorded in seven years, as its production reached 306,000 barrels…
Oil & Gas Trade
China’s Crude Oil Imports From Top Supplier Russia Reach New High in 2024
China’s crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023, while purchases from Saudi Arabia dropped 9%, data sho…
Crude Oil
Helmerich & Payne Completes Acquisition of KCA Deutag
Helmerich & Payne, Inc. (H&P or the Company) today announced that it has completed its acquisition of KCA Deutag International Limited (KCA Deutag), establishin…
Oil Price
Petrol Ex-depot Price Hike: Dangote Refinery Absorbs Logistics Costs for Nationwide Uniform Pricing
Dangote Refinery has announced a five per cent increase in the ex-depot price of petrol from N899.50 to N950 per litre due to a significant rise in global crude…
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