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Crude
Oil Price
Oil Prices up 1% on Small Build in US Crude Stocks, Fed Rate Cut Remarks
A flare burns excess natural gas in the Permian Basin in Loving County, Texas, U.S. November 23, 2019. REUTERS/Angus Mordant//File Photo Purchase Licensing Righ…
Oil Exploration
FG Eyes 2.5 Million Barrels Daily Oil Production
Brent, the global benchmark for crude oil, witnessed a rise in price in the past three days, crossing $84/barrel on Friday, after trading for an average of $80/…
Oil & Gas Supply
Russia Says to Deepen Oil Output Cuts While Easing Export Limits
Fuga Bluemarine crude oil tanker lies at anchor near the terminal Kozmino in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tati…
Oil Price
Indian Government Hikes Windfall Tax on Petroleum Crude
A man pours petrol into an underground tank at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas/File Photo Purchase Licensing RightsTh…
Oil Price
Oil Rises More Than $1/bbl as OPEC+ Mulls Extending Output Cuts
Oil rig pumpjacks, also known as thirsty birds, extract crude from the Wilmington Field oil deposits area near Long Beach, California July 30, 2013. REUTERS/Dav…
Oil Price
Oil Gains Over $1 on Possible Shipping Disruptions
Oil rig pumpjacks, also known as thirsty birds, extract crude from the Wilmington Field oil deposits area near Long Beach, California July 30, 2013. REUTERS/Dav…
Crude Oil
Biden Administration Slowly Replenishes Strategic Oil Reserve
The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020. REUTERS/Adre…
Oil&Gas Drilling
Metamorphic Rock Oilfield in Bohai Sea Sees Cumulative Proven Reserves Over 200 Mln Cubic Meters
China's largest offshore crude oil and natural gas producer announced Sunday that the cumulative proven oil and gas reserves of its Bozhong 26-6 oilfield ha…
Crude Oil
Exclusive: Biden Administration to Approve E15 Gasoline Expansion Starting in 2025, Sources Say
A sign advertising E15, a gasoline that contains 15% ethanol, is seen at a gas station in Clive, Iowa, United States, May 17, 2015. REUTERS/Jim Young Purchase L…
Oil & Gas Trade
Russia's Crude Oil Delivery Problems to India Aren't Over Yet
A worker guides drilling pipes at a gas drilling rig on the Gazprom PJSC Chayandinskoye oil, gas and condensate field, a resource base for the Power of Siberia …
Oil & Gas Trade
US Awards SPR Contracts Worth $229.5 Million to Exxonmobil, BP, Others
The Biden administration has awarded Strategic Petroleum Reserve (SPR) contracts for 2.95 million barrels of oil worth about $229.5 million to four companies, t…
Crude Oil
Asia Crude Oil Imports Start 2024 Strongly as India Leads
A general view of a crude oil importing port in Qingdao, Shandong province, November 9, 2008. A Chinese industry body said it could review rules covering the im…
Oil & Gas Trade
Russia Cuts Gasoline, Diesel Exports to Offset Refinery Outages
Fuga Bluemarine crude oil tanker lies at anchor near the terminal Kozmino in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tati…
Oil Price
Oil Prices Settle Down Slightly on More Supply in US and Abroad
An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS/Fil…
Crude Oil
Russia Passed Saudi Arabia as Biggest Supplier of Crude Oil to China in 2023
Data released from China on Saturday showed that Russia became China’s top crude oil supplier in 2023, exporting far more than other major oil exporters s…
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