Crude

Crude Oil
Fitch Sees Brent At $45 Next Year
Fitch Ratings said it expected Brent crude to average $45 a barrel next year, following OPEC+’s decision to start raising production by 500,000 bpd monthly fro…
Crude Oil
Sudan's Oil Reserves Estimated at 6 Billion Barrels: Sudan's Energy Ministry
The ministry's oil chief also revealed that "the country currently produces 60,000 barrels per day, and is expected to reach 80,000 barrels per day in 2021."
Oil & Gas Trade
Alaska’s Oil Exports Double Amid Strong Chinese Demand
While demand from U.S. West Coast refiners has been subdued, overall Chinese crude oil imports have held strong during the COVID-19 wave in China early this yea…
Oil & Gas Trade
Brent Edges Higher as Opec+ Agrees More Moderate Production Increase
Oil prices crept up this evening after the Opec cartel and its allies agreed to a more gradual easing of production cuts next month.
Oil & Gas Supply
Iraq Cuts Term Crude Supplies to Some European Cilents
Deliveries of Iraqi Basrah crude to Europe and the Mediterranean could drop next year after state-owned marketer Somo trimmed allocations for some of its term c…
Crude Oil
U.S. Briefly Became Net Petroleum Importer This Year
The United States briefly returned to being a net importer of crude oil and petroleum products in May and June this year, as U.S. crude oil and refinery output …
Oil & Gas Trade
U.S. Ups Pressure to Push Venezuela Oil Exports to Zero
Under the increased pressure from the United States, the companies classifying ships are asked to check if vessels have participated in shipments to Venezuela.
China
China Hits 26 per cent of 2020 Target for U.S. Energy Imports under Trade Deal
China has accelerated imports of crude oil, propane and liquefied natural gas from the United States since July.
Crude Oil
The OPEC Producer Looking To Sell A Stake In Its Oil Company
OPEC producer Angola plans to raise much-needed cash via selling a stake in its state oil firm Sonangol by early 2022 as the crash in oil prices—and the pandem…
Crude Oil
U.S. Crude Oil Inventories Decrease by 0.8 million Barrels
U.S. commercial crude oil inventories decreased by 0.8 million barrels from the previous week.
Crude Oil
Kazakhstan will Produce 86 Million Tons of Oil in 2021
According to media reports on November 20, Kazakhstan’s Minister of National Economy Ruslan Dalenov said on Thursday that the country’s oil production next ye…
Crude Oil
Marginal Oilfields Output Dips to 1.52mb
Marginal oil fields in Nigeria produced 1.52 million barrels of crude oil and condensates in August 2020, accounting for 2.97 per cent of Nigeria’s total oil a…
Oil Price
Oil Prices Reach Three Month High on Improving Demand Outlook
Oil touched its strongest level since early September as signs that Covid-19 vaccinations in the U.S. could be underway within three weeks improved the demand o…
Oil Pipeline
Uganda to Begin Building Oil Export Pipeline in H1 2021
Uganda expects construction of a $3.5 billion crude export pipeline to start in the first half of next year, Energy Minister Mary Goretti Kitutu said.
Crude Oil
Crude Oil Pares Losses After UAE Reassures on OPEC Commitment
Crude oil prices were down fractionally in early trading in New York on Thursday, paring earlier losses after the United Arab Emirates rebutted reports claiming…

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Crude

Fitch Sees Brent At $45 Next Year

Sudan's Oil Reserves Estimated at 6 Billion Barrels: Sudan's Energy Ministry

Alaska’s Oil Exports Double Amid Strong Chinese Demand

Brent Edges Higher as Opec+ Agrees More Moderate Production Increase

Iraq Cuts Term Crude Supplies to Some European Cilents

U.S. Briefly Became Net Petroleum Importer This Year

U.S. Ups Pressure to Push Venezuela Oil Exports to Zero

China Hits 26 per cent of 2020 Target for U.S. Energy Imports under Trade Deal

The OPEC Producer Looking To Sell A Stake In Its Oil Company

U.S. Crude Oil Inventories Decrease by 0.8 million Barrels

Kazakhstan will Produce 86 Million Tons of Oil in 2021

Marginal Oilfields Output Dips to 1.52mb

Oil Prices Reach Three Month High on Improving Demand Outlook

Uganda to Begin Building Oil Export Pipeline in H1 2021

Crude Oil Pares Losses After UAE Reassures on OPEC Commitment