Crude

Crude Oil
Trendsetter Bags Contract From Major US Gulf Operator
Trendsetter Engineering Inc., based in Houston, Texas, has been awarded a contract to supply four 15K horizontal subsea tree systems, along with associated tool…
Crude Oil
Valeura Energy Strikes a Deal With Pttep to Expand Its Thai Oil & Gas Footprint
Canada-based Valeura Energy has entered into a farm-in agreement with Thailand’s PTT Exploration and Production Public Company Limited (PTTEP) to acquire …
Crude Oil
US Became Net Exporter of Crude to Nigeria for the First Time, EIA Says
In February and March 2025, the United States became a net exporter of crude oil to Nigeria, driven by changes in regional demand and supply, according to the U…
Crude Oil
China Refining Output Rebounds to Strongest Since 2023
In June 2025, China’s crude oil refining output reached over 15.2 million barrels per day, the highest since September 2023, according to national statist…
Crude Oil
Perenco Completes Acquisition of Woodside’s Greater Angostura Stakes
Woodside Energy Group Ltd. sold its Greater Angostura oil and gas assets in Trinidad and Tobago to Perenco Group for AUD 206 million ($135.18 million). The deal…
Crude Oil
Petrovietnam and Partners Sign PSC for Vietnam’s Block 15-1
Vietnam National Oil and Gas Group (Petrovietnam) and its partners have signed a new product sharing contract (PSC) for Block 15-1, situated on the southern con…
Crude Oil
China Builds a Crude Oil War Chest Amid Middle East Tensions
China's crude oil stockpiles continue to grow as the nation refines less than its combined imports and domestic production, maintaining its position as the …
Oil Refinery
China’s May Refinery Throughput at 9-Month Low on Plant Overhauls
China’s crude oil throughput declined by 1.8% year-on-year in May, reaching its lowest level since August 2023, according to official data released on Mon…
Crude Oil
U.S. Says There Are Significant Undiscovered Oil and Gas Resources in Wyoming
On May 21, 2025, the U.S. Interior Department announced a federal assessment by the U.S. Geological Survey (USGS) identifying substantial undiscovered, technica…
Crude Oil
South Africa Wants $100 a Barrel Oil Before Selling More Crude Stocks
South Africa will hold off on selling more of its strategic crude oil reserves until global oil prices climb to about $100 per barrel, a senior energy official …
Crude Oil
US Crude, Fuel Stocks up as Crude Imports Rise, Product Demand Slips, EIA Says
The U.S. Energy Information Administration (EIA) announced on Wednesday that U.S. crude oil and fuel inventories rose unexpectedly last week, driven by higher c…
Crude Oil
India Plans to Spend $10B on Homebuilt Oil Tanker Fleet
India plans to invest 850 billion rupees (approximately $10 billion) through 2040 to acquire 112 crude oil carriers, according to sources familiar with the matt…
Biofuel
Indonesia to Raise Crude Palm Oil Export Levy to Fund Biodiesel, Replanting Initiatives
The Indonesian government has announced an increase in the export levy on crude palm oil (CPO) from 7.5% to 10% of the reference price to fund its national biod…
Crude Oil
China’s Crude Oil Imports From Russia Fall in April; Imports From Malaysia Surge
In April, China imported 8.07 million metric tons of crude oil from Russia, equivalent to 1.96 million barrels per day (bpd), according to data released by Chin…
Crude Oil
Venezuela’s State Oil Firm Exporting Crude Grade Previously Shipped by Chevron, Data Shows
Venezuela’s state-owned oil company, PDVSA, has started exporting a heavy crude oil grade previously handled by Chevron since 2022, according to maritime …

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Crude

Trendsetter Bags Contract From Major US Gulf Operator

Valeura Energy Strikes a Deal With Pttep to Expand Its Thai Oil & Gas Footprint

US Became Net Exporter of Crude to Nigeria for the First Time, EIA Says

China Refining Output Rebounds to Strongest Since 2023

Perenco Completes Acquisition of Woodside’s Greater Angostura Stakes

Petrovietnam and Partners Sign PSC for Vietnam’s Block 15-1

China Builds a Crude Oil War Chest Amid Middle East Tensions

China’s May Refinery Throughput at 9-Month Low on Plant Overhauls

U.S. Says There Are Significant Undiscovered Oil and Gas Resources in Wyoming

South Africa Wants $100 a Barrel Oil Before Selling More Crude Stocks

US Crude, Fuel Stocks up as Crude Imports Rise, Product Demand Slips, EIA Says

India Plans to Spend $10B on Homebuilt Oil Tanker Fleet

Indonesia to Raise Crude Palm Oil Export Levy to Fund Biodiesel, Replanting Initiatives

China’s Crude Oil Imports From Russia Fall in April; Imports From Malaysia Surge

Venezuela’s State Oil Firm Exporting Crude Grade Previously Shipped by Chevron, Data Shows