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Crude
Market Analysis
Venezuela Oil Flow to Hit 2mn b/d in 2020: Maduro
Venezuela's crude production will more than double to 2mn b/d in 2020, the Opec country's president Nicolas Maduro said in an annual national address.
Oil & Gas Trade
India Exploring Ways to Source Crude Oil from Russia: Pradhan
India is exploring ways to source crude oil from Russia, Oil Minister Dharmendra Pradhan said. “We are working on the strategy to diversify our crude oil suppl…
Oil & Gas Trade
India, Russia Initiate Talks for Long-Term Oil Supply
India and Russia have begun negotiations on an agreement for long-term assured supplies of crude oil, especially from Russia’s Far East region, as New Delhi lo…
Crude
China’s Top Oil Firm Sees Demand Growth Cut in Half in 2020
The world’s biggest oil import market could see demand growth in 2020 of just half of last year’s levels as the trade war’s ripple effects continue to be fel…
Adnoc Signs $23bn Energy Deals With Indonesia's Pertamina And Chandra Asri
Abu Dhabi National Oil Company signed a preliminary agreement with Indonesia's Pertamina and Chandra Asri to explore the possibility of developing a crude-to-pe…
Crude
Crude Falls after Trump Says Iran ‘Appears to be Standing Down’
Crude oil prices continued to fall Wednesday after President Trump said Iran is standing down in the Middle East and the U.S. will impose new sanctions on the n…
Crude
Crude Oil Jumps as Markets Dip on Iran’s Missile Assault Against US
Oil prices jumped to their highest in months on Wednesday after Iran attacked American forces in Iraq in response to a U.S. strike that killed an Iranian genera…
Oil Falls As Middle East Anxieties Ebb for Now
The front-month contract for Brent crude North Sea oil was last seen down USD 0.73 at USD 68.18/bbl – off Monday’s three-month high – while the WTI equivalen…
Oil & Gas Trade
Russia to Resume Limited Oil Supplies to Belarus Amid Talks
Belarus has reached an agreement with Russia for limited oil supplies after Moscow earlier this week stopped supplying crude amid stalled talks on strengthening…
Crude
Tullow Oil Reveals Discovery of ‘Higher Quality’ Crude Offshore Guyana
Tullow Oil PLC (LON:TLW) has revealed a higher quality oil discovery offshore Guyana, in the Carapa-1 well within the Kanuku licence.
Crude
China Sinochem to Start $4.6 Billion Quanzhou Petrochemical Complex in Mid-2020
China Sinochem Group is expected to start up a new crude processing unit and a petrochemical complex in southeastern China around mid-2020, marking the state fi…
Crude Oil
Libya’s Largest Oil Refinery Faces Closure Amid Clashes
Libya’s national oil company said Saturday it may face closure because of clashes close to its refinery in the country’s western port. The NOC said in a state…
Crude
Shell Wins Auction of Guyana's First Three Crude Oil Cargoes
Royal Dutch Shell won the rights to market Guyana’s first cargoes of crude oil, the government said on Tuesday, just days after oil production began and launch…
Crude
600-gallon Oil Spill Left Parts of the Galapagos Islands
The spill is reportedly the result of an error at a port on San Cristobal Island. An accident saw a crane collapse as it was loading a barge with a container ca…
Oil Price
Crude Oil Prices Drift Lower Despite US-China Trade Hopes
Crude oil prices drifted lower in the Asia Pacific Monday session, but remained close to three-month highs after three straight weeks of gains which have now me…
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