Oil product

Crude Oil

U.S. Energy Production Saw Steepest Drop On Record In 2020

Due to economic responses to the pandemic, U.S. energy production dropped by 5 percent last year, marking the steepest annual decline on record.

Crude Oil

BHP Produces First Oil from Ruby Project

Oil and gas company BHP has produced first oil production from the Ruby project, which is located offshore Trinidad and Tobago.

Crude Oil

OPEC+ Unlikely To Drastically Change Oil Pact Next Week

The OPEC+ group is unlikely to make any material changes next week to the plans to ease the production cuts over the next three months.

Oil Price

Angola May Privatize State-Owned Oil Firm To Boost Production

OPEC member Angola was Africa’s top oil producer six years ago when oil prices crashed in 2015-2016, slashing oil-producing countries’ revenues and forcing in…

Oil & Gas Supply

Guyana Estimates Future Oil Production At 1 Million Bpd

Guyana has estimated its future oil production at 1 million barrels per day by 2027, from seven floating production, storage, and offloading (FPSOs) vessels in …

Electric Car

Sinopec Announced that It will Deploy 5,000 Smart Charging Stations

​Sinopec, the largest domestic oil product sales company, announced in Beijing that it will build 5,000 smart charging stations by 2025

Video: China's Oilfield Put in Efforts to Reduce Carbon Emission, Increase Oil Production

Shengli Oilfield in China has rolled out significant measures to reduce emissions of carbon dioxide, which have simultaneously helped to increase oil production…

Crude Oil

U.S. Oil Production Still 2 Million Bpd Under Pre-Pandemic Levels

The EIA might be forecasting that the Permian Basin’s oil production will be rebounding soon, but overall, today’s U.S. oil production is still 2 million barr…

Oil Price

The $7 Trillion Reason Saudi Arabia Is Cutting Oil Production

Strict production discipline by OPEC and its partners is the #1 reason why oil prices have managed to stage a remarkable recovery and stay relatively high after…

Oil Field

Southeast Asia Looks To Increase Offshore Oil Production

Malaysia and Brunei have signed an agreement to develop two offshore oil fields on the maritime boundary, with greater exploration of recent ultra-deepwater dis…

Energy Security

Syria Rations Fuel Supplies Amid Suez Canal Blockage

Syria's oil ministry has begun rationing the distribution of oil products after fuel shipments to the country were disrupted by the ongoing blockage of the Suez…

Crude Oil

OPEC+ Will Keep A Lid On Oil Production

OPEC+ will likely decide to keep oil production essentially steady for another month.

Oil & Gas Supply

Biden’s Energy Agenda To Reduce Oil Production And Boost Prices

Joe Biden had a neat, nine-point plan for energy when he campaigned for president.

Oil & Gas Trade

Saudi Oil Exports Holding Strong Despite Production Cut Commitment

Saudi Arabia’s crude oil exports fell just slightly in February, in stark contrast to the bold voluntary production cuts that the Kingdom had offered to make.

Crude Oil

Saudi Arabia And Russia Could Raise Oil Production By 1 Million Bpd

Saudi Arabia and Russia are talking about bringing back online 1 million bpd to the oil market, citing sources familiar with the matter.