Oil

Oil Pipeline

Petrobras Closes Contaminated Gasoline Pipeline

Brazil's state-controlled Petrobras temporarily closed its 266km Opasc refined products pipeline because of sulfur contamination.

Crude Oil

Eni Adds New Field to Angola's Olombendo Crude Grade

Italian integrated oil firm Eni has started crude production from the Cabaca North project in Angola's deepwater block 15/06.

China

PetroChina, Hengli Win four Cargoes in First China Oil Reserve Sale

The prices were lower than the spot market as Middle East crude benchmark Dubai was at $74.09 a barrel on Thursday.

Oil & Gas Trade

Under U.S. Sanctions, Iran and Venezuela Strike Oil Export Deal

Venezuela has agreed to a key contract to swap its heavy oil for Iranian condensate that it can use to improve the quality of its tar-like crude, with the first…

Oil Field

Bohai Bay Offshore Oil Fields Mark Power Milestone

The country's first project to power the Bohai Bay offshore oil fields from shore kicked off operation on Thursday.

Armenia Eyes Energy Cooperation with Iran

The foreign minister of Armenia called for cooperation with neighboring Iran in the oil and energy sectors.

Net Zero Emission

Sri Lanka to Cease Building Coal-Fired Plants, Aims to be Net-Zero Emitter by 2050

Renewable energy sources such as wind and solar, and small and large hydro power plants together account for half of the island nation's installed electricity c…

Oil Price

Oil Price Hits Highest in Almost Three Years As Supply Tightens

Brent futures rose 84 cents, or 1.1%, to settle at $78.09 a barrel, while U.S. West Texas Intermediate crude rose 68 cents, or 0.9%, to settle at $73.98.

Oil & Gas Supply

Norway's August Oil Output Beats Forecast, Gas Lags

Norway's oil production beat official expectations in August, while its natural gas output lagged, preliminary data from the Norwegian Petroleum Directorate sho…

Oil Price

Demand Recovery Leaves $100/bl Oil on Track

Global commodity trading firm Trafigura is maintaining its forecast for oil prices to potentially hit $100/bl late next year, despite the risk of short-term Cov…

Crude Oil

Goldman Sachs: Here’s How Oil Prices Could Reach $90 This Winter

Brent could reach $90 per barrel if the weather in the northern hemisphere turns out to be colder than normal this winter, Goldman Sachs’ Jeff Currie said on W…

Oil & Gas Trade

India's Oil Imports Rose to 4-month High in August

Indian refiners mostly buy oil about two months ahead of processing.

Net Zero Emission

Petrobras Commits to Net Zero Carbon Emissions

Petrobras' public-private structure means that it will face closer scrutiny over its emissions than other national oil firms

Oil & Gas Supply

OPEC+ Boosts Compliance With Oil Production Cuts To 116%

The OPEC+ group of producers raised their compliance with the ongoing collective production cuts to 116 percent in August, up from 109 percent compliance in Jul…

Oil Price

Oil Rebounds On Tight Global Energy Supply

Oil prices rose early on Tuesday, halting two consecutive days of losses as the global natural gas crunch has the market evaluating the potential of higher dema…