Crude oil

China Energy
China Imported 47.97 Million Tons of Crude Oil in May
China's crude oil imports increased from a decline in May, and international crude oil prices rebounded rapidly.
Crude Oil
Yemen Aims to Raise Oil Output 25 % within Months
Yemen aims to raise its crude oil production by 25% to 75,000 barrels per day in the coming months.
Africa Energy
Nigeria Now in Full Compliance with Daily Oil Output
Nigeria had previously failed at complying completely with its promised cuts in past months.
Oil Price
Rosneft Launches "Denationalization" Reorganization
Russia's largest state-owned oil company Rosneft experienced its first quarterly loss in eight years.
Crude Oil
OPEC+ Delivers 85% Compliance on Oil Output Cuts in May: S&P Global Platts Survey
OPEC and its allies slashed almost one-fifth of their crude oil production in May.
Crude Oil
Refineries Around Asia Join Chinese Peers in Ramping up Oil Output
Refineries from India to South Korea are expected to join their Chinese counterparts in ramping up production from June.
Crude Oil
Rig Count Plunges Below 300 in 13th-Straight Week of Losses
The number of operating drilling rigs in the U.S. fell below 300 for the first time, as energy companies continue to shut down oil-field operations amid low cru…
Crude Oil
OPEC+ Meetings Postponed Until Mid-June
The OPEC+ group has postponed its technical and monitoring meetings until the middle of June.
Crude Oil
Crude Oil Futures Rise on Spot Demand
Crude oil prices on Friday rose Rs 9 to Rs 2,826 per barrel as participants widened their positions on firm spot demand.
Crude Oil
Indonesia Sees Product Demand Up 160,000 b/d by 2026
Indonesia expects domestic oil product demand to increase by 12pc or around 160,000 b/d by 2026, but an expansion of refinery capacity should eliminate the need…
Crude Oil
US Refiners Spread Out Heavy Maintenance Plans
Efforts to slow the spread of Covid-19 will lead to heavier US refinery maintenance over the next year.
Africa Energy
Libya Oil Production Comes to Halt as Economy Affected
The civil war enforced by the warlord Khalifa Haftar in Libya has brought oil production and exports to a grinding halt, creating financial strain on the UN-rec…
Oil&Gas Drilling
UAE's ADNOC to Cut July Crude Nominations by 5% After OPEC+ Pact
State-run Abu Dhabi National Oil Company (ADNOC) has informed customers of a cut in its crude oil nominations for July in line with a decision by OPEC+ last mon…
Crude Oil
China, India Soak Up Oil from Floating Storage as Demand Recovers
The volume of crude stored on ships in Asia has come off the peaks seen earlier this month on a recovery in demand in China and India, trade sources and analyst…
Crude Oil
Oil Drops on Worse than Feared Rise in U.S. Fuel Stocks
Oil prices fell in early trade on Thursday after U.S. crude, gasoline and heating oil inventories all rose more than expected, dousing hopes of a smooth recover…

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Crude oil

China Imported 47.97 Million Tons of Crude Oil in May

Yemen Aims to Raise Oil Output 25 % within Months

Nigeria Now in Full Compliance with Daily Oil Output

Rosneft Launches "Denationalization" Reorganization

OPEC+ Delivers 85% Compliance on Oil Output Cuts in May: S&P Global Platts Survey

Refineries Around Asia Join Chinese Peers in Ramping up Oil Output

Rig Count Plunges Below 300 in 13th-Straight Week of Losses

OPEC+ Meetings Postponed Until Mid-June

Crude Oil Futures Rise on Spot Demand

Indonesia Sees Product Demand Up 160,000 b/d by 2026

US Refiners Spread Out Heavy Maintenance Plans

Libya Oil Production Comes to Halt as Economy Affected

UAE's ADNOC to Cut July Crude Nominations by 5% After OPEC+ Pact

China, India Soak Up Oil from Floating Storage as Demand Recovers

Oil Drops on Worse than Feared Rise in U.S. Fuel Stocks