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Crude
Crude Oil
Turkey Stops KRG Ceyhan Crude Flows After Court Ruling
Turkey has formally told the Iraqi federal government that it has stopped pumping crude from the Iraqi Kurdistan region for loading at the Turkish port of Ceyha…
Oil & Gas Trade
Iraq Halts Kurdish Region Oil Exports Through Turkey After Winning Arbitration
A delegation from the Oil Ministry will travel to Turkey soon to meet energy officials to agree on new mechanismTurkey has said it will not export crude from Ir…
Oil Refinery
Nigeria Struggles to Find Buyers Amid Strikes in French Refining Sector
France is one of the biggest buyers of Nigerian oilA view shows the Bonny oil terminal in the Niger delta in Nigeria. Between 20 and 25 shipments of Nigerian cr…
Oil & Gas Trade
Saudi Aramco Is ‘Doubling Down’ on China’s Energy Supply, Chief Executive Says
The country is expected to import a record amount of crude this year amid an economic reboundSaudi Aramco's chief executive Amin Nasser. Saudi Arabia export…
Energy Security
Oil Spill Fear After Fatal Explosion on Chevron FSO Offshore Thailand
One contractor killed in incident on the Benchamas 2Government agencies are on alert for a potential oil spill from the floating storage and offloading (FSO) ve…
Oil & Gas Trade
Russian Exports: Shipments Fall on Black Sea Storms, Druzhba
kidsnord/ShutterstockRussia’s crude oil exports declined by nearly 9% in February due mainly to port stoppages in Novorossiysk and lower flows to Europe.C…
Oil Price
Oil Falls as SVB Collapse Rocks Financial Markets
Oil prices fell more than $1, extending the previous day's slide, as the collapse of Silicon Valley Bank rattled equities markets and sparked fear about a f…
Oil Price
Aramco’s Profit Soars 46% To Record $161BN on Higher Oil Prices
Aramco oil tanks in Abqaiq, Saudi Arabia. The state energy company will raise crude production to 13 million barrels per day by 2027.Saudi Aramco, the world'…
Oil & Gas Trade
Oil Stays Firm on China Growth Hopes
Oil prices rose in Asian trade, supported by hopes a solid economic rebound in China will drive up fuel demand, offsetting worries about further US interest rat…
Oil Price
Oil Edges up on Hope of China Demand Revival
Oil prices edged up, after Brent crude posted its biggest single-day loss in seven weeks the day before, as market players reassessed prospects for supply and d…
Oil Pipeline
Ecuador Halts Sote, Ocp Oil Lines After Landslide
State-owned PetroEcuador and private consortium OCP Ecuador stopped operations on the country's two major crude pipelines today as a preventative measure be…
Crude Oil
Biden Administration Plans to Sell 26 Million Barrels of Crude
The Biden administration plans to sell more crude oil from the Strategic Petroleum Reserve, fulfilling budget directives mandated years ago that it had sought t…
Oil Price
Oil Prices Rise Over 2% On Russian Plan to Cut Output
Doha: Oil prices rose more than 2 percent on Friday as Russia announced plans to reduce oil production next month after the West imposed price caps on the count…
Oil Pipeline
USA EIA Reveals Latest Gasoline and Diesel Price Forecasts
The U.S. Energy Information Administration (EIA) has revealed its latest gasoline and diesel price forecasts for 2023 and 2024 in its February short term energy…
Oil Price
Oil Prices Steady as Build-up in Us Crude Stocks Eases Supply Fears
Workers on an oil drilling rig in Stanton, Texas. US crude stocks increased by 2.4 million barrels last week, the US Energy Information Administration said. AFP…
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