Crude

Oil & Gas Trade
US Firm Secures Oil Deal with US-Backed Forces in Syria
A U.S. company has reportedly reached a deal with Kurdish-led authorities in northeast Syria to develop and export crude oil in areas under their control in the…
China
Asia Shrugs Off OPEC Supply Rise as Refiners Grapple with Crippled Demand
Middle Eastern sour crude supply is expected to increase this month after OPEC+ members on July 15 agreed to pare back their production cut commitment.
Crude Oil
Exxon: 20 Percent Of Global Oil And Gas Reserves may be Wiped Out
After a grim Q2 season for Big Oil, the world’s third-most valuable energy company is warning that 20% of the world’s oil and gas reserves may no longer be vi…
Oil & Gas Trade
China’s Crude Oil Imports Drop From Record Highs
China’s crude oil imports are estimated to have dropped in July by 3 percent from June, but they were still much higher than the import volumes in July 2019.
Azerbaijan Stuck to Opec+ Quota in July
Azerbaijan produced 553,800 b/d of crude last month, unchanged from June and fully in line with its Opec+ commitment, according to preliminary data from state-o…
Crude Oil
Russia is Raising Crude Oil Output as OPEC+ Cuts Ease
OPEC+ producers from Aug. 1 have agreed to slim their output cuts to 7.7 million barrels per day from 9.7 million bpd.
Crude Oil
Iran Clears Oil Spill in Northern Gulf Region
Iranian teams have cleaned up an oil slick near field in the northern region of the Gulf that had extended over a six-square-km area.
Oil Price
Oil steady as U.S. Stimulus Hopes Counter Demand Concerns
Oil prices were steady on Tuesday as hopes for additional U.S. measures to stimulate the economy countered a demand outlook dampened by rising of coronavirus ca…
Crude Oil
Indian Refinery Runs Edge Higher in June
Indian refining throughputs rose back above 4mn b/d in June in a partial recovery from the Covid-19 downturn, but remained well below year-earlier levels.
Oil Price
Oil Prices Edges up on Weak Dollar, U.S.-China Tensions Weigh
Brent crude LCOc1 was up 26 cents at $43.57 a barrel at 0944 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 was up 29 cents at $41.36.
Oil & Gas Trade
US Crude Floating Storage Shifts Toward Asia
Adds US crude export pricing context.
Oil & Gas Trade
Texas Oil Regulator Accuses Saudi Arabia and Russia of Dumping Crude on U.S. Markets
Urge the federal government to investigate and take appropriate action against Saudi Arabia and Russia for excessive crude dumping.
Iran
Iran Expected to Produce 2.7bn More Barrels of Oil from Shared Azadegan Field
Iran is expected to produce some 2.7 billion more barrels of oil amounted to dlrs one trillion, Petroleum Minister Bijan Zangeneh said on Monday.
Crude Oil
Virus Surge Dents Oil Demand Recovery Optimism
Jul.19 -- Oil futures are holding steady with an ongoing surge in coronavirus cases in some parts of the U.S. tempering optimism for a demand recovery.
Crude Oil
Crude Shipments Resume from Pemex Floating Oil Storage Unit After Collision
An oil production and storage vessel operated by Mexican state oil firm Pemex in the Gulf of Mexico has resumed crude shipments after a tanker collision halted …

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Crude

US Firm Secures Oil Deal with US-Backed Forces in Syria

Asia Shrugs Off OPEC Supply Rise as Refiners Grapple with Crippled Demand

Exxon: 20 Percent Of Global Oil And Gas Reserves may be Wiped Out

China’s Crude Oil Imports Drop From Record Highs

Azerbaijan Stuck to Opec+ Quota in July

Russia is Raising Crude Oil Output as OPEC+ Cuts Ease

Iran Clears Oil Spill in Northern Gulf Region

Oil steady as U.S. Stimulus Hopes Counter Demand Concerns

Indian Refinery Runs Edge Higher in June

Oil Prices Edges up on Weak Dollar, U.S.-China Tensions Weigh

US Crude Floating Storage Shifts Toward Asia

Texas Oil Regulator Accuses Saudi Arabia and Russia of Dumping Crude on U.S. Markets

Iran Expected to Produce 2.7bn More Barrels of Oil from Shared Azadegan Field

Virus Surge Dents Oil Demand Recovery Optimism

Crude Shipments Resume from Pemex Floating Oil Storage Unit After Collision