Crude oil

Crude Oil
U.S Keeps Top Crude Oil Producer Status
Despite oil production curtailments earlier this year that are not fully back online, the United States maintained its global status as the leading supplier of …
Crude Oil
Venezuela Prepares To Boost Oil Production With Iranian Help
Venezuela is preparing to ramp up its crude oil production using diluents imported from Iran, citing unnamed sources and company documents.
Crude Oil
World’s No.1 Oil Trader Sees Crude Inventories Shrinking This Year
Vitol Group, the world’s largest independent oil trader, expects global oil inventories to continue drawing down for the rest of the year, unlike its rivals an…
Crude Oil
EIA: OPEC+ Crude Oil Production Increased in August
Both OPEC and non-OPEC partner countries increased their crude oil production in August.
Crude Oil
China’s August Crude Runs Hold at 14mn b/d
China's crude throughputs held largely steady near record highs in August, keeping pressure on refiners to manage high product inventories.
Oil Price
OPEC Cuts Oil Demand Forecast For 2020, Again
OPEC revised down by another 400,000 bpd its forecast for global oil demand this year, expecting consumption to shrink by 9.5 million bpd over 2019.
Oil Pipeline
Uganda and Tanzania Sign $3.5bn Oil Pipeline Deal
Tanzania and Uganda have signed an agreement allowing for the construction of a 1,445 km crude oil pipeline.
Oil Price
Russia’s Central Bank Warns That Oil Could Slide To $25
Russia’s central bank has warned that crude oil prices could slump to $25 in its risk scenario for monetary policy over the next three years, TASS reports.
Crude Oil
COVID-19 Forces Libyan Oil Companies To Halt Operations
Two of Libya’s National Oil Company affiliates on Monday sent some oil workers home and halted some work due to the spread of Covid-19, according to a NOC stat…
Crude Oil
Mexico CoMexico Could Be Forced To Cut Oil Production Target For 2021
Mexico will likely cut its crude oil production targets for next year, citing a ruling party lawmaker in Mexico.
Crude Oil
OPEC Production Rises By 950,000 Bpd In August
OPEC produced more oil in August than it did in July as the cartel continued to relax its production cuts, a Reuters survey has revealed, with recovering demand…
Crude Oil
Refining Capacity at Iraq's Baiji to Double in Months
Iraq is currently processing more than 75,000 b/d of crude at its Baiji refining complex, which could increase to as high as 140,000 b/d in the "next few months…
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…

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Crude oil

U.S Keeps Top Crude Oil Producer Status

Venezuela Prepares To Boost Oil Production With Iranian Help

World’s No.1 Oil Trader Sees Crude Inventories Shrinking This Year

EIA: OPEC+ Crude Oil Production Increased in August

China’s August Crude Runs Hold at 14mn b/d

OPEC Cuts Oil Demand Forecast For 2020, Again

Uganda and Tanzania Sign $3.5bn Oil Pipeline Deal

Russia’s Central Bank Warns That Oil Could Slide To $25

COVID-19 Forces Libyan Oil Companies To Halt Operations

Mexico CoMexico Could Be Forced To Cut Oil Production Target For 2021

OPEC Production Rises By 950,000 Bpd In August

Refining Capacity at Iraq's Baiji to Double in Months

Angola Aims to Ramp up Oil Production

Iraq Cuts Oil Exports in August, Pumps Below OPEC+ Target

U.S. Oil Exports to China Soar 139% in July