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Crude
Crude Oil
India's January Crude Processing Scales over 1-yr Peak
India's crude oil processing registered its second straight year-on-yea gain in January, while hitting a more than one-year high, as fuel demand improved on the…
Crude Oil
Mexico Overhauls Its Huge Oil Hedge
Mexico’s billion-dollar oil hedge to protect next year’s revenues against oil price volatility is getting an upgrade—and the new Hacienda Hedge 2.0 is gettin…
Crude Oil
Oil Drops as Investors Gauge Big Chill Impact on US Refineries
US West Texas Intermediate crude fell 2% to $59.3 a barrel on Friday.
Oil & Gas Trade
U.S. will Import 62% more Crude by 2022 Due to Domestic Production Declines, Says EIA
Throughout much of its history, the United States has imported more petroleum than it has exported.
Oil & Gas Trade
China Is Fueling The Global Crude Oil Demand Recovery
The world’s top oil importer, China, significantly boosted its crude oil imports at the start of the year compared to the end of last year, helping to support …
Crude Oil
Oil Prices Jump Above $61 On Major Crude Draw
Crude oil prices jumped higher after the Energy Information Administration reported crude oil inventories in the U.S. had shed 7.3 million barrels in the week t…
Crude Oil
US Crude Output Down Sharply on Storm
Power outages and freezing temperatures have forced US oil producers to shut down or reduce operations significantly, with impacts ranging from 2mn b/d to as hi…
Crude Oil
India Urges OPEC+ to Ease Production Cuts
"The price-sensitive Indian consumers are affected by rising petroleum product prices," Pradhan said ahead of a March 4 policy-setting meeting of the Organizati…
Oil Price
Oil Falls Again as Opec and IEA Caution Ends Rally
Brent crude was down 0.8% at $60.67 a barrel on Friday
Crude Oil
UAE’s Energy Ambitions Extend Far Beyond Oil
If 2020 taught us anything it was the need for self-sustainability and the drive for cleaner energy moving into the next decade, as oil demand plummeted.
Oil Pipeline
US Gulf CHOPS Crude Pipeline Restarted
Genesis' Cameron Highway Oil Pipeline System in the US Gulf of Mexico resumed service earlier today after being offline since hurricane damage to an associated …
Crude Oil
Saudi Arabia Raises Oil Prices To U.S. And Europe
The world’s top oil exporter, Saudi Arabia, raised on Thursday the prices of all its crude oil that will go to the United States and Europe in March while leav…
Crude Oil
U.S. Oil Production On Course To Hit Record Levels In 2023
U.S. oil production fell sharply in 2020, but the Energy Information Administration is expecting it to pick back up and even set new records in just two years, …
Oil & Gas Trade
Nigeria's Crude Oil Exports Hit Three-Year Low
West Africa's oil exports slumped to the lowest level in at least three years last month as infrastructure woes for some of Nigeria's biggest streams combined w…
Crude Oil
African Members’ Production Troubles Offset OPEC’s Planned Increase
OPEC boosted crude production as planned last month, but the increase was tempered by disruptions at long-troubled member nations.
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