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Crude
Crude Oil
OPEC: Oil Demand to Decline after Plateauing in Late 2030s
World oil demand will plateau in the late 2030s and by then begin to decline.
Oil & Gas Trade
China Set for Fresh Gasoline Export Splurge as Golden Week Ends
Gasoline exports from China, Asia's top petrol exporter, are set to stay elevated this month as mounting supplies from recent high crude oil processing runs pro…
Crude Oil
Libya’s Central Banks Wants To Lift Oil Output To 1.7 Million Bpd
The governor of the Libyan central bank has called for the increase of oil production to 1.7 million bpd as soon as possible as the country’s economy continues…
Crude Oil
Peru Crude Production at Historic Low in Sept
Peru's crude production fell to a historic low of 29,165 b/d in September, less than half the level of 12 months earlier, according to data from hydrocarbons re…
Crude Oil
Opec Sees Oil Demand Peak Around 2040
World crude demand will make a strong post-Covid-19 recovery in 2021-2023 but will peak somewhere around 2040, Opec said in its World Oil Outlook.
Crude Oil
Russian Oil Production Tops OPEC+ Quota In September
Russia produced an average of 9.93 million bpd of crude oil and condensates last month, a little above its OPEC+ quota but still down 11.8 percent on the year, …
Oil & Gas Trade
Iraq Boosts Oil Exports Despite OPEC+ Pledges
Despite promises to keep in line with the OPEC+ pact, Iraq – OPEC’s second-largest producer and biggest laggard in implementing the cuts – slightly raised it…
Crude Oil
Egypt Inaugurates Refinery Project in Mostorod
Petroleum Minister Tarek al-Molla stressed the importance of developing Egypt’s infrastructure of Egypt in oil refining and processing, and the vital role this…
Oil Field
Lundin Energy Raises Norway's Grieg Oilfield Reserve Estimate
Lundin Energy has raised its reserve estimate for Norway's Edvard Grieg oilfield by 50 million barrels of crude, an increase of 17 per cent, and boosted output …
Energy Investment
Total Drives Green Strategy With €500m Zero-Crude Project
As part of its net zero strategy, global energy company Total will invest €500 million into converting its Grandpuits refinery in Seine-et-Marne, France, into …
Crude Oil
Shell Set To Load First Oil From One Of Libya’s Open Ports
Supermajor Shell has provisionally chartered an oil tanker to load crude from one of Libya’s three open ports at the end of next week in what could be the firs…
Crude Oil
With 41m Barrels, Gabon’s Oil Pproduction Appreciated by 3% in H1 2020
Gabon has produced 41 million barrels of oil to the 1 st half of 2020.
Oil & Gas Trade
Iraqi Oil Ministry Denies Deal to Up Oil Exports
Iraq's oil ministry on Thursday denied a media report citing Oil Minister Ihsan Abdul Jabbar as saying an agreement was imminent with the OPEC+ group to increas…
Crude Oil
Gazprom Neft Sees Full Oil Demand Recovery By The End Of 2021
Russia’s oil producer Gazprom Neft believes that global oil demand will return to its pre-pandemic levels in the second half of 2021.
Crude Oil
EIA Sees Global Oil Market Balancing By End-2021
The OPEC+ production cuts and curtailments in the United States are set to help global inventories to continue drawing down for the rest of the year and most of…
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