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Crude
Crude Oil
Angola Aims to Ramp up Oil Production
Angola, Africa’s second-largest oil producer after Nigeria, will need foreign and government investments to discover up to 57 billion barrels of crude oil by 2…
Oil & Gas Trade
Iraq Cuts Oil Exports in August, Pumps Below OPEC+ Target
Iraq's crude oil exports have fallen so far in August, according to shipping data and industry sources
Oil & Gas Trade
U.S. Oil Exports to China Soar 139% in July
U.S. crude oil exports to China grew by 139 percent on the year in July thanks to bargain hunting among Chinese buyers, making the U.S. the fifth-largest suppli…
Crude Oil
Iraq Pledges to Deepen Oil Output Cuts in August, September
Iraq said on Friday it would cut its oil production by another 400,000 barrels per day in both August and September to compensate for its overproduction in the …
Oil & Gas Trade
US Slashes Nigerian Oil Imports by 11.67m Barrels
The United States slashed its imports of Nigerian crude oil to 9.37 million barrels in the first five months of this year, 11.67 million barrels lower than what…
Crude Oil
India’s July Crude Imports Fall to Decade Low
India's crude imports hit a decade low in July, falling by a record 36pc or 1.67mn b/d on the year because of a nationwide Covid-19 lockdown and sliding refinin…
Crude Oil
Angola Oil Output to Fall Below 1.2mn b/d by 2023: ANGP
The agency predicts a slight rebound next year but expects the growth to be short-lived.
Oil & Gas Trade
Libya to Export Only Oil Accumulated in Terminals, LNA Says
Libya, following the resumption of the operation of oil facilities, will export only oil accumulated in port terminals, crude produced at deposits will not be e…
Nigeria
NPDC Planning 500,000 barrel of Crude Oil Per Day
Group Managing Director of the Nigeria National Petroleum Corporation, Mele Kyari, has assured that the Nigeria Petroleum Development Company will scale up its …
Crude Oil
Storage Levels for Crude Oil are Starting to Decline as Economies Recover
As economies reopen, oil stocks in Cushing have been drawn down to 52 million barrels since its peak of 65 million in May.
Crude Oil
Global Oil Demand is Expected to Return to 97% of Pre-Epidemic Levels by the End of the Year
At the OPEC and OPEC+ ministerial video conference that global oil demand is expected to return to the new crown by the end of 2020 97% of the level before the …
United States
Trump 'Postpones' US-China Trade Talks: Update
US President Donald Trump has again called into question the future of trade talks with Beijing, despite a recent surge in US crude shipments to China under the…
Crude Oil
Opec+ Needs Cumulative 2.3mn b/d of Compensation Cuts
Opec+ members that exceeded their crude production ceilings in May-July went over their quotas by a cumulative 2.3mn b/d and will need to compensate for this ex…
Crude Oil
Could The GNA Ever Successfully Control Libya’s Oil?
The success of the Tripoli-based Government of National Accord in forcing the withdrawal of the eastern-based Libyan National Army from northwestern Libya has l…
Oil Pipeline
Egypt Brings Online New Crude Pipeline at al-Hamra port
Egypt has brought online a new crude oil pipeline at the al-Hamra petroleum port on the Mediterranean Sea.
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