Crude

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

Oil & Gas Trade

China’s Oil Imports in November from Saudi Arabia Fall from a Year Earlier

China’s crude oil imports from Saudi Arabia in November fell 13% from a year earlier, but the kingdom retained its ranking as the top supplier to the world’s …

Crude Oil

Nov Crude Imports from UAE Hit Record High at 1.1 mil b/d

China's crude imports from the UAE hit a record high of 4.47 million mt, or 1.09 million b/d, in November amid lower official selling prices, making it China's …

Crude Oil

Libya's NOC Says 300,000 b/d Crude Shut in

Libya's state-owned NOC said more than 300,000 b/d of crude production is shut in at fields in the western part of the country.

Crude Oil

Eni Oil Block Expected to Enter Production in Q2 2023, Ivory Coast Says

An offshore oil block in Ivory Coast controlled by Eni is expected to enter production in the second quarter of 2023 with daily output of 12,000 barrels of oil …

Crude Oil

Libya Considers Bonuses for Oil Companies to Boost Crude Output

Libya may introduce contracts with private oil companies that would give bonuses to those that meet targets and penalize those that don’t, as the OPEC member t…

Crude Oil

Goldman Says Oil could hit $100, Demand might Reach ‘New Record High’ in the Next Two Years

Goldman Sachs predicts a new high in oil demand in 2022, and again in 2023.