Crude

Crude Oil

China's Largest Offshore Oilfield Yields Over 30M tonnes of Crude Oil

China's largest oil field located in Bohai Bay produced more than 30 million tonnes of crude oil in 2021, top-ranked nationwide.

Oil Exploration

Canadian Overseas Petroleum Ltd Announces Significant U.S. Discovery

In addition, COPL provides an operational update on its Barron Flats Shannon Field production.

Crude Oil

Libya Oil Pipeline Maintenance Completed

Libya's state-owned oil firm NOC expects the country's crude production to partially recover in the coming days following the early completion of pipeline maint…

Oil Price

Saudi Arabia Cuts Oil Prices For Asia In February

Saudi Arabia cut the prices of all the crude grades it will be selling to Asia in February to the lowest premium to regional benchmarks in three months, amid th…

Crude Oil

Oil Rallies Amid Worsening Unrest In Crude Producer Kazakhstan

Oil markets shrug off dip in U.S. gasoline demand

Crude Oil

High Gas Prices Lead To Conversion Of Ammonia Plant To Green Hydrogen

Incitec Pivot is Australia’s largest supplier of fertilisers, producing around two million tonnes of ammonia each year for use in Australian agriculture.

Crude Oil

Saudi Arabia may Set Deep Crude Price Cuts for Asia in February

Top oil exporter Saudi Arabia may implement deep price cuts for the crude it sells to Asia in February after Middle East benchmarks and spot prices slumped this…

Crude Oil

Mexico To End Oil Exports In 2023

Mexico will suspend crude oil exports in two years in a bid to focus on domestic self-sufficiency.

Crude Oil

Oman's Ras Markaz Crude Storage Outside Strait of Hormuz to Come Onstream Q2

Infrastructure to store crude at Ras Markaz in Duqm on the southern coast of Oman is already complete, Salim al-Hashmi

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…