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Crude
Crude Oil
Oil up Over Strong Economic Data From China, Weakening Us Dollar
Chinese authorities approve record fiscal stimulus package of 3 trillion yuan to boost economy, contributing to market optimism over future oil demandOil prices…
Oil Price
Oil Inches Lower in Thin Trade, Investors Eye China, US Data
Oil prices slipped lower on Monday in thin holiday trade ahead of the year-end as traders awaited more economic data from China and the U.S. later this week to …
Crude Oil
Chinese Energy Giant Exceeds 20 Mln Tonnes of Oil, Gas Output in 2024
Shaanxi Yanchang Petroleum (Group) Co. (YCPC) in northwest China has achieved a major milestone in the country's energy sector, shattering its own productio…
Libya
Libya’s Oil Production Surpasses Annual Target
The National Oil Corporation (NOC) announced that daily crude oil production has surpassed its annual target, reaching 1,405,609 barrels of crude oil and an add…
Crude Oil
Nigeria’s 2 Million Bpd Oil Production Target Under Threat
The Central Bank of Nigeria (CBN) has raised concerns about the ageing pipeline infrastructure and operational inefficiencies, identifying them as key factors r…
Natural Gas
Oil Prices Rise on Crude Drawdown; Natural Gas Falls on Profit-Taking
It was a mixed bag for commodity prices during the final week of 2024. An unexpectedly large drawdown of 4.2 million barrels — according to the Energy Informat…
Crude Oil
US Crude Oil Stocks Fall for Fifth Straight Week
US crude oil inventories decreased during the week ended Dec. 27, marking their fifth consecutive weekly decline.Data released today, Dec. 27, by the US Energy …
Oil Price
Oil Prices Ease as Markets Weigh China Stimulus Hopes
Oil edged lower on Thursday in light holiday trade as the dollar's strength offset hopes for additional fiscal stimulus in China, the world's biggest oi…
Oil Price
Azerbaijani Oil Price Once Again Exceeds $75
The price of Azerbaijani crude oil has once again surpassed $75 per barrel.A barrel of Azeri Light crude rose by $1.11, or 1.49%, reaching $75.37 on Wednesday.T…
Crude Oil
RON97 Petrol Price Up By 3 Sen; RON95 And Diesel Unchanged
The retail price of RON97 petrol will increase by 3 sen to RM3.25 per litre, effective Dec 26, 2024, to Jan 1, 2025, according to the government.Meanwhile, RON9…
Crude Oil
Oil Firms in Iraqi Kurdistan Demand Compensation of $24 Billion
Nine oil companies operating in the Kurdistan region of Iraq requested compensation of $24 billion because of the suspension of oil exports through Turkey.Econo…
Oil Price
Oil Prices up in Thin Pre-christmas Trade
Oil prices were up on Tuesday in thin trade ahead of the Christmas Day holiday, with prices supported by U.S. economic data and rising oil demand in India, the …
Crude Oil
Crude Oil Futures Rise on Spot Demand - PTI
Crude oil futures climbed on Monday, driven by increased demand in the spot market. WTI and Brent crude also saw gains in global markets.Crude oil prices on Mon…
Crude Oil
India to Overtake China in Crude Oil Consumption by 2024, 2025
Representation imageIndia is poised to overtake China as the leading source of growth in global crude oil consumption.In 2024 and 2025, India will account for o…
Crude Oil
KP Produces 30,000 Bpd of Crude Oil per Day
Similarly, the province produces 410 MMCFD of gas, which accounts for 13% of the national output. The province also produces 800 tons of LPG daily, representing…
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