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Crude oil
Crude Oil
China Announces Total Amount of Non-state Crude Oil Imports Permitted for 2024
Non-state companies in China will be permitted to import a total of 243 million tonnes of crude oil in 2024, the same amount as is permitted this year, the Mini…
Crude Oil
China to Cap Crude Oil Processing Capacity at 1 Bln Tons by 2025
China will cap its crude oil primary processing capacity at 1 billion metric tons by 2025 in an effort to streamline its vast refinery sector, the country's…
Crude Oil
China’s Crude Oil Production up 1.9 Pct in First Three Quarters
China's output of crude oil went up 1.9 percent year on year in the first three quarters of 2023, official data showed.The country produced 156.72 million t…
Crude Oil
PRL Signs Long-Term Deal With Russia for Crude Oil Supply
Caretaker PM Kakar and caretaker Energy Minister Mohammad Ali are witnessing the signing ceremony of the MOU between United Energy Group of China and Pakistan R…
Oil & Gas Supply
Oil up About 2% On Big US Crude Storage Draw, Middle East Tension
Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in…
Oil Price
Oil Prices Ease as Investors Assess Impact of Israel-Hamas War
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo Acquire…
Oil & Gas Trade
Pakistan Eyes Importing 1M Tonnes of Russian Oil per Year
This handout photograph taken on June 11, 2023 and released by the Karachi Port Trust (KPT) shows a Russian cargo ship carrying crude oil at the port in Karachi…
Oil & Gas Trade
Pakistan to Discuss Long-Term Russian Oil Deal Next Month
Pakistan will hold talks with Russia next month on a long-term arrangement for importing Russian crude oil, as the country seeks to diversify its energy sources…
Crude Oil
Saudi Energy Minister Says OPEC+ Cuts Were Needed to Stabilize Oil Market
Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks during 10th Arab-China Business Conference in Riyadh, Saudi Arabia, June 11, 20…
Oil & Gas Trade
Russia Ships First Oil Cargo to Brazil as It Seeks to Diversify Buyers
A general view shows the oil refinery of the Lukoil company in Volgograd, Russia April 22, 2022. Picture taken with a drone. REUTERS/REUTERS PHOTOGRAPHER/File p…
Oil Price
Column: US Oil and Gas Output Nears Peak
A general view of the Phillips 66 refinery, Rodeo, California, U.S. March 2, 2023. REUTERS/Nathan Frandino/File Photo Acquire Licensing RightsU.S. crude oil pro…
Oil & Gas Trade
Delta Community Threatens to Shut Down Oil Production
Nigeria’s oil industry may lose 20,000 barrels of petroleum crude per day as palpable tension grips the Otumara Flow Station operated by Shell Petroleum D…
Oil & Gas Trade
US Approvals for $1.5 Billion Oil Railway in Utah Partially Vacated
REUTERS/Rick Wilking/File Photo Acquire Licensing RightsA U.S. appeals court on Friday sent approvals for a $1.5 billion Utah crude oil railway back to federal …
Energy Investment
Oil Drops Over 1% On Worries About Chinese Economy
A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Zhejiang province, China May 16, 2017. Picture taken May 16, 2017. REUTERS/Stringer /…
Oil&Gas Drilling
Saudi Arabia Will Supply Full Oil Volumes to Asian Buyers in September
Saudi Arabia will supply full crude oil volumes in September under contracts with Asian buyers, Reuters has reported, citing multiple unnamed sources.The news c…
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