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Crude Oil
Venezuela Loads Crude Under Eased Sanctions
Venezuela started loading 250,000 bl of Boscan heavy crude in Bajo Grande, Zulia state, this weekend for export to the US under eased sanctions that allow Chevr…
Natural Gas
Oman to Set Up Integrated Company to Manage Natural Gas Assets
Move is expected to improve the Gulf country's economic indicatorsOman, the largest non-Opec producer in the Middle East, expects to post a budget deficit i…
Oil & Gas Trade
Ip Signs Deal to Buy Exxonmobil’s Fuel and Refining Assets in Italy
The Italian private petroleum company Italiana Petroli (IP) has signed an agreement to purchase fuel and refining assets owned in Italy by Esso Italiana, a subs…
Oil & Gas Trade
Aramco, Sinopec and Sabic Plan Mega Projects In KSA, China
Mohammed Y Al QahtaniSaudi Aramco, China Petroleum and Chemical Corporation (Sinopec) and Sabic will explore setting up a petrochemical complex to be integrated…
Crude Oil
China Boosted Crude Oil Storage Even As Refiners Processed More
Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS/Aly Song/File PhotoLAUNCESTON, Australia, Dec 15 (Reuters) -…
Crude Oil
China Daily Oil Throughput Rises To One-year High In Nov
An aerial view shows tugboats helping a crude oil tanker to berth at an oil terminal, off Waidiao Island in Zhoushan, Zhejiang province, China July 18, 2022. cn…
OPEC
Reuters Survey: OPEC Cut 710,00 Bpd in November
Led by Gulf member states, OPEC oil output dropped in November in line with the OPEC+ pledge to cut output by 2 million barrels per day for the month, according…
Crude Oil
UAE's ADNOC to Cut 5% of Dec Crude Volumes to Term-Buyers in Asia - Sources
Abu Dhabi National Oil Company (ADNOC) will cut 5% of the December crude oil supply to some term-lifters in Asia but will provide full contractual volumes in Ja…
OPEC
OPEC+ Meeting to Take into Account Market Conditions – Iraqi Official
The OPEC+ meeting in December will take into account the condition and balance of the market, Iraq's state news agency quoted Saadoun Mohsen, a senior official …
Saudi Arabia
Saudi, Iraqi Energy Ministers Meet, Review Oil Markets
The energy ministers of Saudi Arabia and Iraq met on Thursday and stressed the importance of adhering to OPEC+ output cuts that last until the end of 2023.
LNG
QatarEnergy to Supply 4 Million Tonnes of LNG to Sinopec
The deal will be in place for 27 years.
OPEC
UAE Denies It Is Engaging in Discussion With Other OPEC+ Members to Change Their Latest Agreement - Minister
United Arab Emirates' energy minister said on Monday that the Gulf state denied that it is engaging in any discussion with other OPEC+ members to change their l…
Oil Price
Oil Prices Reverse Course After Saudi Arabia Denies Output Hike Rumors
Saudi Arabian officials are denying the news that OPEC is considering a 500,000 bpd output hike.
Crude Oil
Iraq Targets 7-Mln-Bpd Oil Output Capacity in 2027 – Somo Head
Iraq plans to increase its oil production capacity to around 7 million barrels per day in 2027, head of state-owned oil marketer SOMO Alaa Alyasri told Reuters …
OPEC
OPEC Cuts Oil Demand Growth Forecast Again as Economic Challenges Mount
OPEC on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and further trimmed next year's figure, citing mounting economic …
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