Crude

Crude Oil

Goldman Sachs Sees $105 Oil In 2023

Oil prices could hit $100 this year and rise to $105 per barrel in 2023, on the back of a “surprisingly large deficit” on the oil market now due to the much m…

Oil Field

Libyan Output at 1.2mn b/d After Western Field Restart

Libyan production has surpassed 1mn b/d, following last week's restart of four crude and condensate fields in the west of the country.

Crude Oil

China Refined A Record Amount Of Crude Oil In 2021

Crude oil processing rates in China reached a record last year

Oil Price

Opec+ Quota Gap Widens

Opec+ crude production increased last month but fell short of the 400,000 b/d agreed rise in quotas, as several members struggled to keep pace.

Crude Oil

Indian State Refiners get February Saudi Crude Requests

Indian state-controlled refiners are getting their requested term crude volumes from Saudi Arabia's state-controlled Saudi Aramco for February loading.

Crude Oil

Tunisia's Energy Output up 33% in 2021 to 4.7mln Tonnes of Oil Equivalent

Energy deficit reached 4.1mln tonnes of oil equivalent

Crude Oil

IEA Says Oil Demand more Resilient than Expected in the Face of Omicron

Global oil demand has proven stronger than expected as the latest coronavirus variant inflicts a softer hit to the economy than anticipated.

Crude Oil

OPEC Targeting Oil Prices Below $100, Oman’s Oil Minister Says

OPEC and its allies don’t want crude prices to climb to $100 a barrel, and are reviving production quickly enough to prevent global markets from “overheating,…

Oil Price

Oil Prices Inch Higher Despite Large Gasoline Build

Crude prices dipped slightly before jumping again after the Energy Information Administration reported an inventory decline of 4.6 million barrels for the week …

Oil Refinery

Saudi Aramco Buys Stake In Refinery In Russia’s Backyard

Saudi Arabia is expanding its downstream presence and crude customers in Eastern Europe, traditionally Russia’s backyard, by buying a stake in a Polish refiner…

Crude Oil

Iraq to Bolster Crude Export Capacity in 2Q

Iraq has completed the installation of new pumps at its southern oil terminals, paving the way for an increase in crude exports.

Crude Oil

Several Asian Refiners to Receive Full Saudi Crude Allocation in February

Saudi Aramco has notified at least five Asian buyers that it will supply full contractual volumes of crude oil in February, same as January, sources with knowle…

Oil & Gas Trade

China Boosts Imports Of Cheap Oil From Sanctioned Iran And Venezuela

Chinese refiners imported 53 percent more oil from Iran and Venezuela last year compared to 2020

Crude Oil

Libya’s El Sharara Crude Field Poised to Restart

Production from Libya's largest field — the 300,000 b/d El Sharara — can restart after an agreement was reached with the Petroleum Facilities Guard.

Oil & Gas Trade

Korea's Imports of U.S. Crude Oil Considerably Increases Last Year

As a result, South Korea became the biggest U.S. crude oil importer in Asia last year.