Crude

Coal Production
House Committee Proposes Changes to Boost US Oil, Coal on Federal Lands
On Tuesday, the House Natural Resources Committee will review proposed changes to U.S. oil and gas drilling programs as part of a budget reconciliation bill. Th…
Crude Oil
Petrobras Posts Slight Drop In First-Quarter Oil and Gas Output
Petrobras, Brazil’s state-run oil company, reported its first-quarter production results, achieving a daily output of 2.77 million barrels of oil equivale…
Crude Oil
Russia’s Oil Producers Speed up Drilling as OPEC+ Curbs Ease
Russia’s oil industry has significantly increased drilling activities in early 2025, reaching levels not seen in at least five years. This surge aligns wi…
Crude Oil
Sinopec’s Quarterly Net Income Falls 28% on Slower Fuel Sales
On Monday, China Petroleum & Chemical Corp, known as Sinopec, reported a 27.6% decline in first-quarter net income compared to the previous year. The company, l…
Oil & Gas Trade
Vitol Steps up Venezuela Oil Buying Before U.S. License Lapses
Vitol Group, the world’s largest independent oil trader, has increased its oil purchases from Venezuela in April, utilizing a U.S. license set to expire o…
Crude Oil
USA Crude Oil Inventories Rise Week on Week
The U.S. Energy Information Administration (EIA) reported on April 23 that U.S. commercial crude oil inventories, excluding the Strategic Petroleum Reserve (SPR…
Crude Oil
US Eases Downhole Commingling Policy to Boost Oil Production
The United States Department of the Interior (DOI) has revised its policy to increase the allowable pressure differential for single-wellbore oil production fro…
Crude Oil
Guyana’s Q1 Oil Output Rises 3% Yr/Yr to 631,000 Bpd
Guyana’s oil production in March 2025 dropped by about 3% to 627,000 barrels per day (bpd) from the previous month, according to data from the country&rsq…
Crude Oil
SINOPEC Launches Training Program for Over 800 Ugandans
SINOPEC, a Chinese company tasked with constructing Uganda’s Central Processing Facility (CPF), launched a training program on Wednesday to enhance the sk…
Crude Oil
Venezuela Launches Blend 22 Crude Exports Ahead of Us Licenses Expiry
Venezuela will launch exports of a new medium crude blend, Blend 22, this month from its Western fields, aiming to maintain oil revenue as U.S. licenses for its…
Crude Oil
Contract With Allseas Takes Vallourec to One of World’s Largest Deepwater Fields
French company Vallourec, a provider of tubular solutions, has secured a significant contract with Allseas to supply line pipes for the Búzios 10 offshor…
Crude Oil
MODEC Secures Exxonmobil Contract for Hammerhead FPSO in Guyana
MODEC, a global leader in offshore floating solutions, has secured a contract from ExxonMobil Guyana Limited to develop a Floating Production, Storage, and Offl…
Crude Oil
Chevron and TotalEnergies Flow First Oil & Gas From Gulf of America Project
Chevron, a U.S.-based energy company, and TotalEnergies, headquartered in France, have initiated oil and gas production at the Ballymore deepwater project in th…
Crude Oil
U.S. Crude Production Rose by 2% in 2024, Mostly From Permian, EIA Finds
In 2024, U.S. crude oil production increased by 270,000 barrels per day (bpd), reaching an average of 13.2 million bpd, according to the U.S. Energy Information…
Oil Price
Azerbaijani Oil Moves up in Price
On April 18, the price of Azerbaijan’s Azeri Light crude oil, delivered on a CIF basis to the Italian port of Augusta, rose by $0.88, a 1.28 percent incre…

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Crude

House Committee Proposes Changes to Boost US Oil, Coal on Federal Lands

Petrobras Posts Slight Drop In First-Quarter Oil and Gas Output

Russia’s Oil Producers Speed up Drilling as OPEC+ Curbs Ease

Sinopec’s Quarterly Net Income Falls 28% on Slower Fuel Sales

Vitol Steps up Venezuela Oil Buying Before U.S. License Lapses

USA Crude Oil Inventories Rise Week on Week

US Eases Downhole Commingling Policy to Boost Oil Production

Guyana’s Q1 Oil Output Rises 3% Yr/Yr to 631,000 Bpd

SINOPEC Launches Training Program for Over 800 Ugandans

Venezuela Launches Blend 22 Crude Exports Ahead of Us Licenses Expiry

Contract With Allseas Takes Vallourec to One of World’s Largest Deepwater Fields

MODEC Secures Exxonmobil Contract for Hammerhead FPSO in Guyana

Chevron and TotalEnergies Flow First Oil & Gas From Gulf of America Project

U.S. Crude Production Rose by 2% in 2024, Mostly From Permian, EIA Finds

Azerbaijani Oil Moves up in Price