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Crude
Crude Oil
Saudi Arabia To Ship Extra Crude Oil To Asia In November
The world’s largest oil exporter, Saudi Arabia, will ship additional volumes of crude to at least three refiners in Asia in November
Crude Oil
Oman's September Crude Output Edges up to 764,000 b/d
Oman's crude oil output edged up in September, marking a seventh straight monthly increase as the Opec+ group, of which it is a member, continues to unwind its …
Crude Oil
ExxonMobil Increases Stabroek Resource Estimate to Approximately 10 Billion Barrels
ExxonMobil increased its estimate of the discovered recoverable resource for the Stabroek Block offshore Guyana to approximately 10 billion oil-equivalent barre…
Crude Oil
Oil Rises 4% in Week as Energy Crunch Shows no Signs of Easing
Even with worldwide demand growing as economic activity rebounds from pandemic lows, the Organization of the Petroleum Exporting Countries and allied producers …
Crude Oil
Iraq in Advanced Talks with IOCs Over Boosting Oil Capacity to 8 mil b/d by 2027
Iraq, OPEC’s second-biggest producer, is in advanced talks with international oil companies over boosting the country’s production capacity to 8 million b/d b…
Crude Oil
US Imports of Canadian Crude up as Line 3 Starts
Early signs that new pipeline capacity out of Canada is now supplying crude to the US came this week as preliminary data from the US EIA showed a notable rise i…
Crude Oil
Oil Price Falls for Second Day as Supply-Driven Rally Peters Out
Brent crude was down $1.03 or 1.3% at $78.06 a barrel by 0130 GMT, having fallen nearly $2 on Tuesday after touching $80.75, its highest in nearly three years.
Oil Exploration
DNO Makes Small North Sea Oil Find. Another Well Comes Up Dry
Oil and gas operator DNO has made a small oil discovery on the Gomez prospect in one of its operated licenses in the Norwegian part of the North Sea.
Oil & Gas Trade
Iran And Venezuela Strike Oil Swap Deal
Iran and Venezuela have struck a deal to swap heavy Venezuelan crude for Iranian condensate.
Crude Oil
Eni Adds New Field to Angola's Olombendo Crude Grade
Italian integrated oil firm Eni has started crude production from the Cabaca North project in Angola's deepwater block 15/06.
China
PetroChina, Hengli Win four Cargoes in First China Oil Reserve Sale
The prices were lower than the spot market as Middle East crude benchmark Dubai was at $74.09 a barrel on Thursday.
Oil & Gas Trade
Under U.S. Sanctions, Iran and Venezuela Strike Oil Export Deal
Venezuela has agreed to a key contract to swap its heavy oil for Iranian condensate that it can use to improve the quality of its tar-like crude, with the first…
Oil Price
Oil Price Hits Highest in Almost Three Years As Supply Tightens
Brent futures rose 84 cents, or 1.1%, to settle at $78.09 a barrel, while U.S. West Texas Intermediate crude rose 68 cents, or 0.9%, to settle at $73.98.
Crude Oil
Goldman Sachs: Here’s How Oil Prices Could Reach $90 This Winter
Brent could reach $90 per barrel if the weather in the northern hemisphere turns out to be colder than normal this winter, Goldman Sachs’ Jeff Currie said on W…
Crude Oil
Nigeria Hopeful Opec+ will Grant Baseline Change
Nigeria remains hopeful that the Opec+ group will grant its latest request to raise the baseline from which its crude output quotas are calculated, despite prev…
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