Oil

Crude Oil
UAE’s Energy Ambitions Extend Far Beyond Oil
If 2020 taught us anything it was the need for self-sustainability and the drive for cleaner energy moving into the next decade, as oil demand plummeted.
Oil and Gas Equipment
Ukraine’s Exchange Launches Gas Storage Trading
Ukraine's energy exchange UEEX plans to introduce trading products for gas held in underground storage facilities under the customs-free warehouse regime from l…
Oil Field
Equinor Makes Oil Discovery Near Norway's Troll Field
Equinor said in a separate statement that the reservoir is expected to contain between 44 million and 69 million barrels of oil equivalent
Oil Pipeline
US Gulf CHOPS Crude Pipeline Restarted
Genesis' Cameron Highway Oil Pipeline System in the US Gulf of Mexico resumed service earlier today after being offline since hurricane damage to an associated …
Oil&Gas Drilling
Neptune Picks up Permit for North Sea Appraisal Well
The Norwegian Petroleum Directorate has granted Neptune Energy a drilling permit for an appraisal well offshore Norway.
Crude Oil
Saudi Arabia Raises Oil Prices To U.S. And Europe
The world’s top oil exporter, Saudi Arabia, raised on Thursday the prices of all its crude oil that will go to the United States and Europe in March while leav…
Energy Transition
Rosneft, BP Forge Renewables Alliance
Russian, UK oil giants target green power projects as part of strategic collaboration
OPEC
Oil Prices Rally As OPEC+ Maintains Its Production Policy
The Joint Ministerial Monitoring Committee of the OPEC+ group wrapped up their monthly meeting on Wednesday in record time and, as widely expected, did not make…
Crude Oil
U.S. Oil Production On Course To Hit Record Levels In 2023
U.S. oil production fell sharply in 2020, but the Energy Information Administration is expecting it to pick back up and even set new records in just two years, …
LNG
Russia's Rosneft Looks to Arctic to Ramp up LNG Output
The projects were considered as part of its LNG strategy at a meeting chaired by Deputy Prime Minister Alexander Novak last month
Oil & Gas Trade
Nigeria's Crude Oil Exports Hit Three-Year Low
West Africa's oil exports slumped to the lowest level in at least three years last month as infrastructure woes for some of Nigeria's biggest streams combined w…
Crude Oil
African Members’ Production Troubles Offset OPEC’s Planned Increase
OPEC boosted crude production as planned last month, but the increase was tempered by disruptions at long-troubled member nations.
Crude Oil
OPEC+ Now Sees Weaker Oil Demand Growth For 2021
OPEC+ expects global oil demand to rise by 5.6 million barrels per day this year—lower estimated growth than OPEC’s assessment of 5.9-million-bpd demand incre…
Oil & Gas Trade
Petrobras Opens 2021 with Record Oil Exports
Brazil's state-controlled Petrobras says crude exports through its Angra dos Reis terminal reached a record 19.3mn bl in January, the extension of an upward tre…
United Kingdom
BP Profit Sinks As Epidemic Pummels Demand
On annual basis, BP sunk to a loss of $5.7 billion, its first in a decade after it wrote down the value of oil and gas assets by $6.5 billion as a result of sha…

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Oil

UAE’s Energy Ambitions Extend Far Beyond Oil

Ukraine’s Exchange Launches Gas Storage Trading

Equinor Makes Oil Discovery Near Norway's Troll Field

US Gulf CHOPS Crude Pipeline Restarted

Neptune Picks up Permit for North Sea Appraisal Well

Saudi Arabia Raises Oil Prices To U.S. And Europe

Rosneft, BP Forge Renewables Alliance

Oil Prices Rally As OPEC+ Maintains Its Production Policy

U.S. Oil Production On Course To Hit Record Levels In 2023

Russia's Rosneft Looks to Arctic to Ramp up LNG Output

Nigeria's Crude Oil Exports Hit Three-Year Low

African Members’ Production Troubles Offset OPEC’s Planned Increase

OPEC+ Now Sees Weaker Oil Demand Growth For 2021

Petrobras Opens 2021 with Record Oil Exports

BP Profit Sinks As Epidemic Pummels Demand