Crude oil

Hungary to Build New Oil Pipeline with Serbia
Croatian Prime Minister Andrej Plenković stated that Croatia is capable of ensuring crude oil supply to Hungary and Slovakia to address the disruption in oil s…
Supply Risk Premium Rises Following Disruption in Russian Crude Oil Pipeline
Russian pipeline operator Transneft has reduced its system-wide crude intake by approximately 250,000 barrels per day following damage at its Kaleykino pumping …
U.S. Crude Oil Inventories Fall by 9 Million Barrels; Refinery Utilization Rate Reaches 91.0%
The U.S. Energy Information Administration (EIA) released its weekly inventory data for the week ending February 13, 2026, showing that U.S. commercial crude oi…
Western Canada Select Crude Oil Discount Widens to Near One-Year High
The discount for Western Canada Select crude oil relative to the North American benchmark West Texas Intermediate futures widened to its highest level since Jul…
Crude Oil
CNOOC's Offshore Gas Field Cluster Around Hainan Island Achieves Annual Oil and Gas Equivalent Output Exceeding 10 Million Tons
On December 30, CNOOC announced that the cumulative oil and gas equivalent production of its offshore gas field cluster around Hainan Island in 2025 has exceede…
Crude Oil
Egyptian Petroleum Minister Inspects First Exploration Well Operations at New Oil Field in Gulf of Suez
Egypt's Minister of Petroleum and Mineral Resources, Karim Badawi, recently visited the Gulf of Suez region to inspect the drilling progress of Well No. 133…
Crude Oil
China’s Largest Offshore Oilfield Reports Record Annual Oil, Gas Output
China National Offshore Oil Corporation (CNOOC) announced on December 21, 2025, that the Bohai Oilfield, the country's largest offshore oil and gas producti…
Crude Oil
Turkmenistan Expands Oil Production at Uzynada Field
Turkmenistan’s Türkmennebit State Concern has achieved a substantial rise in hydrocarbon production at the Uzynada oil and gas condensate field, foll…
Crude Oil
Russia’s Rosneft Reports 70% Fall In 9-Month Net Income
Rosneft (ROSN.MM), Russia's leading oil producer, announced on Friday that its net profit for the first nine months of 2025 dropped sharply by 70% compared …
Crude Oil
Venezuela Approves 15-Year Extension of Russia-Linked Oil Joint Ventures
Venezuela’s National Assembly approved a 15-year extension of the joint ventures between state-owned Petróleos de Venezuela S.A. (PDVSA) and a subs…
Crude Oil
Chevron, Phillips 66, Total Win India’s First Tender to Buy US LPG
Indian state refiners have jointly awarded their first long-term tenders to Chevron, Phillips 66, and TotalEnergies Trading SA to import U.S. liquefied petroleu…
Crude Oil
Petronas Gets Two New Exploration Blocks Offshore Suriname
Petronas has increased its offshore exploration presence in Suriname to eight blocks following the execution of two new production sharing contracts for Blocks …
Crude Oil
Exxon Mobil Names Gregory Garland to Board of Directors
Exxon Mobil Corp. (XOM.N) announced on Wednesday that it has appointed Gregory Garland, a long-time industry executive, to its board of directors, effective Nov…
Oil Refinery
Mexico’s Pemex Pumps Less, Refines More in Third Quarter
Mexican state energy company Pemex reported reduced crude oil extraction but increased refining activity in the third quarter, according to its Monday announcem…
Crude Oil
Texas Pipe Producer Wins Contract for Mexico’s First Deepwater Oil Development
Texas-based Tenaris has secured a major contract to supply casing and tubing for Mexico’s first deepwater oil development project, Trion, located in the P…

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Crude oil

Hungary to Build New Oil Pipeline with Serbia

Supply Risk Premium Rises Following Disruption in Russian Crude Oil Pipeline

U.S. Crude Oil Inventories Fall by 9 Million Barrels; Refinery Utilization Rate Reaches 91.0%

Western Canada Select Crude Oil Discount Widens to Near One-Year High

CNOOC's Offshore Gas Field Cluster Around Hainan Island Achieves Annual Oil and Gas Equivalent Output Exceeding 10 Million Tons

Egyptian Petroleum Minister Inspects First Exploration Well Operations at New Oil Field in Gulf of Suez

China’s Largest Offshore Oilfield Reports Record Annual Oil, Gas Output

Turkmenistan Expands Oil Production at Uzynada Field

Russia’s Rosneft Reports 70% Fall In 9-Month Net Income

Venezuela Approves 15-Year Extension of Russia-Linked Oil Joint Ventures

Chevron, Phillips 66, Total Win India’s First Tender to Buy US LPG

Petronas Gets Two New Exploration Blocks Offshore Suriname

Exxon Mobil Names Gregory Garland to Board of Directors

Mexico’s Pemex Pumps Less, Refines More in Third Quarter

Texas Pipe Producer Wins Contract for Mexico’s First Deepwater Oil Development