Crude oil

Oil & Gas Trade

Kuwait Petroleum Renews Oil Supply Deal With China's Unipec Until 2033

Kuwait Petroleum Corp (KPC) has renewed its contract to supply 300,000 barrels per day of crude oil to China's Unipec, the trading arm of Asia's largest…

Crude Oil

India Saved $25 Billion by Importing Russian Crude Oil: Ministry Data

Imports of petroleum products also saw a dip in terms of value from $28.2 billion in 2022-23 to $25.1 billion in 2023-24Russian crude supplies and lower interna…

Oil & Gas Supply

Russia Cuts Oil Production by Less Than Agreed Last Month, Bloomberg Says

Fuga Bluemarine crude oil tanker lies at anchor near the terminal Kozmino in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tati…

Crude Oil

US Has Sufficient Oil Supply Reserve to Address Any Supply Concerns, Biden Adviser Says

An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.…

Crude Oil

Mexico's Pemex Reverses Proposed Crude Export Cuts for May, Sources Say

The logo of Petroleos Mexicanos (Pemex) is pictured at the company's headquarters in Mexico City, Mexico July 26, 2023. REUTERS/Raquel Cunha/File Photo Purc…

Crude Oil

China's Crude Oil Output Increases in January-March

China's crude oil output posted steady growth in the first three months of this year, official data showed.The output totaled 53.48 million tonnes in the Ja…

Crude Oil

India's Crude Oil Imports Remain Stable at 232.5 Million Tons in Fy 2023-24

A crude oil tanker sails in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel/File Photo Purchase Licensing RightsIndi…

Crude Oil

Niger and China Sign Crude Oil MoU Worth $400 Mln, Says Niger State TV

Niger has signed a memorandum of understanding with Chinese state-owned oil giant China National Petroleum Corp (CNPC) worth $400 million linked to the sale of …

Oil Pipeline

China Invites Uganda's Energy Minister for Talks on Pipeline Financing

China has invited Uganda's energy minister to Beijing to discuss the East African country's $5 billion crude oil pipeline, Uganda's presidency said …

Oil & Gas Trade

Saudi Arabia May Hike May Crude Oil Prices to Asia

General view of Aramco's oil field in the Empty Quarter, Shaybah, Saudi Arabia, January 12, 2024. REUTERS/Hamad I Mohammed/File Photo Purchase Licensing Rig…

Crude Oil

Adnoc Begins Crude Production in Offshore Asset

Abu Dhabi National Oil Company (Adnoc) has started crude oil production from its Belbazem offshore block, approximately 74.6 miles (120 kilometers) northwest of…

Crude Oil

Russia Will Cut Oil Output in Q2 to Catch up With Other OPEC+ Countries

A working oil pumpjack in Taft Kern County California US September 21, 2023. — AFPRussia has decided to focus on reducing oil output rather than exports in the…

Crude Oil

US Crude Output Falls 6% in January Due to Severe Cold, EIA Says

An aerial view of an oil tanker and storage tanks at Exxon Mobil’s Beaumont oil refinery, which produces and packages Mobil 1 synthetic motor oil, in Beau…

Oil & Gas Trade

Asia Crude Imports Surge as China, India Snap up Russian Oil

A general view of a crude oil importing port in Qingdao, Shandong province, November 9, 2008. A Chinese industry body said it could review rules covering the im…

Crude Oil

US Crude and Gasoline Stockpiles Fall as Refining Ramps Up - EIA

An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.…