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Crude oil
Crude Oil
Aramco Aims to Boost Production Capacity to 13 Million Bpd
The world’s largest oil company is looking to raise its production capacity by an extra million barrels per day.
Oil & Gas Trade
Iran Moves from Oil to Petrochemicals in Export
Country launches 3 major petrochemical projects worth $1.6B to boost non-oil revenue.
Oil & Gas Trade
U.S. Sends Crude Oil To World’s Top Exporter Saudi Arabia
The U.S. sent in June its first crude oil shipment to Saudi Arabia since the ban on crude export was lifted in 2015, which was also the first shipment since one…
Crude Oil
Iraq Says Will Make Additional Oil Cuts in August
Iraq said on Thursday it would make an additional cut in its oil production of about 400,000 barrels per day in August.
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…
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.
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.
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.
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 …
Norway
Norway’s Oil Industry Is Beginning To Recover
Norway sees oil and gas activity picking up after the market turmoil and the health crisis earlier this year, the Norwegian Petroleum Directorate said in its fi…
Crude Oil
Eni to Accelerate Conversion of its Conventional Oil Refineries into Biorefineries
Initially planned to be completed in around thirty years, the transformation of Eni’s conventional oil refineries into biorefineries will be done over the next…
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