Oil

Oil & Gas Trade
Saudi Oil Rush Threatens to Disrupt Stabilizing U.S. Crude Market
An armada of Saudi tankers brimming with crude heading to American shores is raising concern over storage space just as a U.S. glut shows signs of easing.
Saudi Wealth Fund Builds Stakes in Canadian Natural, Suncor
Saudi Arabia’s sovereign wealth fund built stakes in two major Canadian oil sands players during the energy market rout.
Oil & Gas Trade
Pandemic Punches 1.7-Billion-Barrel Hole in Global Oil Demand
The scale of the demand hit means that despite producers implementing unprecedented output cuts, stockpiles will soar this year.
Oil & Gas Trade
Saudi Loss of China Oil Market Share Likely Brief
Saudi Arabia’s loss of oil market share in China last month to Russia and Iraq is likely to be fleeting, with analysts saying shipments from the kingdom to Asi…
Oil & Gas Trade
OPEC+ Responds to Oil Market Collapse with Surprise Urgency
The 23-nation coalition is well on its way to cutting 9.7 million barrels of daily crude output, roughly 10% of global supplies.
Oil & Gas Trade
US Oil, Gas Rig Count Hits Record Low for Second Consecutive Week
The rig count, an early indicator of future output, fell by 35 to a record low of 339 in the week to May 15, according to data from energy services firm Baker H…
Solar Power Plant
‘World’s Largest Concentrated Solar Plant’ Progresses Despite Covid-19
Global oil refining production could start rebounding in June, the International Energy Agency said on Thursday, but refiners’ margins may be squeezed due to r…
Oil Shale
U.S. Shale Needs To Slow Down To Survive
Global oil refining production could start rebounding in June, the IEA said on Thursday, but refiners’ margins may be squeezed due to rising crude prices as pr…
Crude Oil
China Crude Oil Runs Rebound in April as Fuel Demand Picks Up
The country processed a total of 53.85 million tonnes of crude oil last month, data from the National Bureau of Statistics (NBS) showed on Friday, equivalent to…
Crude Oil
Oil Hits One-Month High as Signs of Demand Emerge Amid Coronavirus Crisis
Oil prices jumped more than 3% on Friday, touching more than one-month highs amid signs that demand for crude was picking up with China reporting increased refi…
New Gas Master Plan to Boost Africa's First Offshore Gas Mega Hub
The offshore gas mega-hub will be the first such venture capital hub off the coast of Africa.
Oil Field
Somalia Readies for First Bid Round of Oil Fields
Somalia is preparing for a bid round covering seven blocks in its offshore with the official opening due on August 4.
Oil Field
ONGC Awards 49 Marginal Fields to 7 Companies Amid Corona Crisis
India's oil and gas corporation awarded 49 marginal producing oil and gas fields to seven companies late on Thursday.
Crude Oil
Petrobras Books $8.35 bn Q1 Loss Amid 'Worst Crisis in 100 Years'
State oil company Petrobras on Thursday reported a big loss in the first quarter of the year.
Crude Oil
Russia’s OPEC+ Challenge: Cut Output Without Maiming Industry
Russian oil producers are confronting their greatest challenge in decades as they try to fend off a historic price slump without permanently damaging their fiel…

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Oil

Saudi Oil Rush Threatens to Disrupt Stabilizing U.S. Crude Market

Saudi Wealth Fund Builds Stakes in Canadian Natural, Suncor

Pandemic Punches 1.7-Billion-Barrel Hole in Global Oil Demand

Saudi Loss of China Oil Market Share Likely Brief

OPEC+ Responds to Oil Market Collapse with Surprise Urgency

US Oil, Gas Rig Count Hits Record Low for Second Consecutive Week

‘World’s Largest Concentrated Solar Plant’ Progresses Despite Covid-19

U.S. Shale Needs To Slow Down To Survive

China Crude Oil Runs Rebound in April as Fuel Demand Picks Up

Oil Hits One-Month High as Signs of Demand Emerge Amid Coronavirus Crisis

New Gas Master Plan to Boost Africa's First Offshore Gas Mega Hub

Somalia Readies for First Bid Round of Oil Fields

ONGC Awards 49 Marginal Fields to 7 Companies Amid Corona Crisis

Petrobras Books $8.35 bn Q1 Loss Amid 'Worst Crisis in 100 Years'

Russia’s OPEC+ Challenge: Cut Output Without Maiming Industry