Crude

Crude Oil

US Imposes New Sanctions on Iran’s Ministry of Petroleum

The United States has expanded sanctions against Iran, targeting the country's ministry of petroleum along with 10 other entities

Energy Investment

Gov’t Approves $575m Sale of Tullow Oil Plc Assets to Total

Tullow Oil plc has revealed that the Uganda and the country’s tax body, the Ugandan Revenue Authority have executed a binding Tax Agreement that reflects the p…

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…