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Crude
Crude Oil
Higher Crude Demand Supports India-Bound Suezmax Rates
Suezmax rates from the Mideast Gulf to the west coast of India have been rising on account of higher demand from Indian state-controlled refineries.
Crude Oil
India’s Haldia Petrochemicals Plans New Cracker Project
Indian petrochemical producer Haldia Petrochemicals plans to develop a new oil-to-chemicals project at Cuddalore in south India's state of Tamil Nadu.
Crude Oil
China Oil Demand Seen Peaking In 2030
Crude oil demand in China is set to peak in 2030, until then driven by robust petrochemicals demand, research from state oil giant CNPC has suggested.
Crude Oil
China 2021 Crude Oil Output Expected to Total 199 mln T -Energy Administration
China’s crude oil output in 2021 is expected to total around 199 million tonnes, or about 3.98 million barrels per day, clocking a third straight annual rise
Crude Oil
Japan To Sell Crude Oil From State Reserves In February
Japan plans to auction in February 629,000 barrels of crude oil from its national reserves as part of a U.S.-led global effort by oil-consuming nations to lower…
Crude Oil
Turkey's Drillship Fatih Starts Operations in Türkali-7 well
Turkey’s first drillship, Fatih, began drilling in the Türkali-7 location in the Black Sea on Dec. 24, according to Turkey’s Energy and Natural Resources Min…
Crude Oil
CPC to Import 90,000MT Crude Oil from Singapore
The Ceylon Petroleum Corporation says it will import 90,000 metric tons of fuel on credit from a supplier in Singapore next month.
Crude Oil
Russia Eyes 3-5pc Growth in Liquids Output in 2022
Russian crude and condensate production will grow by between 3-5pc in 2022, deputy prime minister Alexander Novak said today.
Crude Oil
U.S. Oil Rig Count Jumps Along With Crude Prices
The number of active drilling rigs in the United States last week rose by 7, bringing the total to 586 as oil prices remain relatively strong despite the fresh …
Crude Oil
Marathon to Receive Second Release from U.S. Strategic Petroleum Reserve
The U.S. Energy Department awarded a second batch of crude oil from the strategic reserve to Marathon Petroleum Corp. as part of the Biden administration’s eff…
Crude Oil
South Korea To Release 3 Million Barrels Of Oil Reserves In Early 2022
South Korea will release 3.17 million barrels of its oil reserves in the first quarter of 2022 as part of the U.S.-led global effort by major oil-consuming nati…
Oil Refinery
Fire Injures Four At Exxon Refinery
A fire broke out early today at the Baytown refinery operated by Exxon, injuring four people.
Crude Oil
Repsol Lifts 100,000 Barrels from Yme Field in North Sea
The first lifting of oil from the Repsol-operated Yme field located in the North Sea off Norway has been completed following the field start-up in October 2021.
Crude Oil
Oil Prices Reach Four-Week High on Declining U.S. Crude Stocks
Oil settled at the highest level in nearly a month after U.S. crude stockpiles decreased and economic data pushed equities higher.
Oil&Gas Drilling
Global Oil And Gas Discoveries Set To Hit 75-Year Low In 2021
As of the end of November, total global discovered volumes this year are calculated at 4.7 billion barrels of oil equivalent
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