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Crude
Oil & Gas Trade
Brazil Soars to China's No. 3 Crude Oil Supplier in Sept
Brazil jumped to China's third-biggest crude oil supplier in September,as China's independent refiners scooped up cheap supplies of the South American exporter'…
Crude Oil
Putin Leaves Door Open for Opec+ Cuts Extension
Russian president Vladimir Putin says that Opec+ could maintain or even deepen its existing crude production cuts next year, the first time Russia has acknowled…
Crude Oil
Biden's Warning on Oil Tests Voter Resolve on Climate Change
The plan implied that he would wean the U.S. off oil and gas, but Biden wasn't so explicit about the industry's fate - until Thursday night.
Oil & Gas Trade
US Crude Stocks Dip, Gasoline Inventories up: EIA
US crude stocks and distillate inventories fell while gasoline inventories rose, the Energy Information Administration said on Wednesday.
Oil Price
Oil Prices Rebound On Small Crude Draw
Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 1 million barrels for the week to October 16.
Oil & Gas Trade
India Allows UAE's ADNOC to Export Oil from Strategic Reserve
Allowing ADNOC to export its oil mirrors a model adopted by countries such as Japan and South Korea which allow oil producers to re-export crude storage. India …
Oil & Gas Trade
Israel And The UAE Sign Historic Oil Deal
Israel and the United Arab Emirates signed this week a preliminary agreement under which crude oil from OPEC’s third-largest producer could be shipped to Europ…
Oil & Gas Trade
Japan April-Sept Crude Import Volume Fell to the Lowest Since at Least 1979
Japan's customs-cleared crude oil imports fell 21.2 per cent in the April-September period on year to the lowest since at least 1979 when the comparison data is…
Crude Oil
Russian Oil Companies Plan Significant Drilling Cuts For 2021
Russian oil producers who have already reduced their drilling activity by a third this year may cut it further by 20 percent.
Crude Oil
Oil Demand Expected to Decline in the Next Decade
The International Energy Agency predicts the COVID-19 pandemic will deal a long-lasting blow to the global energy industry, with oil demand expected to end in…
Crude Oil
IEA Says Refining Throughput Set for Quarterly Rise
Global refining throughput will increase in the last quarter of the year by more than 2 million barrels per day, the International Energy Agency said on Wednesd…
Oil & Gas Trade
China Books 12.7% Rise In Oil Imports Jan-Sept
China imported 416 million tons of crude oil during the first nine months of the year, up 12.7 percent on the year, in the latest positive sign for oil demand d…
Oil Price
Morgan Stanley Sees Oil Prices Struggling To Break Above $50
Oil prices will struggle to rise above $50 a barrel because of the technological shift in U.S. shale that has unlocked more production in recent years, and beca…
Crude Oil
Libya to Resume Oil Production at Largest Field Amid Talks
Libya's prized, light crude has long featured in the North African country's civil war with rival militias and foreign powers jostling for control of Africa's l…
Crude Oil
Daily Crude Oil Production Hits over 718K Barrels in the Sultanate
The Sultanate’s daily crude oil production stood at 718,700 barrels during September 2020, a drop by 0.18 percent compared to the daily production in August 20…
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