Oil

Crude Oil

Oil Prices Jump Above $61 On Major Crude Draw

Crude oil prices jumped higher after the Energy Information Administration reported crude oil inventories in the U.S. had shed 7.3 million barrels in the week t…

Crude Oil

US Crude Output Down Sharply on Storm

Power outages and freezing temperatures have forced US oil producers to shut down or reduce operations significantly, with impacts ranging from 2mn b/d to as hi…

Crude Oil

India Urges OPEC+ to Ease Production Cuts

"The price-sensitive Indian consumers are affected by rising petroleum product prices," Pradhan said ahead of a March 4 policy-setting meeting of the Organizati…

Oil Price

Oil Falls Again as Opec and IEA Caution Ends Rally

Brent crude was down 0.8% at $60.67 a barrel on Friday

Oman

Oman’s Duqm Refinery ' Ore than 75pc' Complete

Construction work on Oman's 230,000 b/d Duqm refinery project has crossed the 75pc mark, operator OQ8 said.

Oil and Gas Equipment

Installation of Domestically Developed Gas Station Starts in South China Sea

The project will supply one-quarter of the gas demand in the Guangdong-Hong Kong-Macao Greater Bay Area.

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, …