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Opec
Oil Price
Oil Down as Opec+ Prepares to Lower Output Quotas
Oil edged lower ahead of an OPEC+ meeting this week at which the group may announce plans to start tapering historic production cuts even as the coronavirus sur…
Crude Oil
OPEC and Russia May Ease Oil Production Cuts
Saudi Arabia, the world’s largest oil exporter, and other major oil-producing countries are likely to increase their output in August.
Oil & Gas Trade
BP-Sinopec Bunker Venture to Start Fuel Oil Deliveries to Fujairah
The BP and Sinopec marine fuel bunkering joint venture will start deliveries of high sulfur and low sulfur fuel oils to Fujairah next month.
China Energy
Sinopec's Tianjin Terminal Takes More LNG in 1H 2020
China's state-owned Sinopec received more LNG cargoes at its 6mn t/yr Tianjin LNG import terminal in northern China during the first six months of this year com…
Crude Oil
Saudi Prince Phones Nigeria to Bring Them in Line with OPEC+ Cuts
Saudi Arabia, de facto leader of the OPEC cartel, held a call with fellow member Nigeria as the organization strives to deliver production cuts aimed at bolster…
Crude Oil
UAE's Adnoc Rolls Over Crude Nomination Cuts in August
Abu Dhabi's state-owned Adnoc will continue to apply 5pc cuts to client nominations for August-loading volumes of the company's four main grades.
Oil Price
Oil Rally Held Back By High Inventories, Coronavirus Fears
U.S. benchmark West Texas Intermediate is over $40 a barrel, a price level it has struggled to surpass in the past.
Oil Price
Oil Prices Will Hit $50 Before The End Of The Year
Despite fears of a second wave of COVID-19, oil markets rebounded last week, showing signs of improving fundamentals as global supplies continue to tighten.
Oil & Gas Trade
OPEC's Roadmap to Stabilization
What is OPEC's roadmap for moving towards stabilization?
Oil Price
Oil Edges Up on Tighter Supply, but Demand Concerns Check Gains
Oil prices nudged higher on Monday on tighter supplies from major producers, but concerns that a record rise in global coronavirus cases could curb a recovery i…
Crude Oil
Iran, Iraq Discuss Oil Cooperation
Iranian Oil Minister Bijan Namdar Zangeneh and his Iraqi counterpart Ihsan Abdul Jabbar discussed ways to promote cooperation between the two neighbors in the o…
Crude Oil
OPEC Changed its Forecast for Oil Production in Azerbaijan
OPEC reported in June that it predicted azerbaijan would reduce its output by an average of 70,000 barrels a day to 720,000 b/d in 2020, compared with 700,000 b…
Oil & Gas Trade
Venezuelan Oil Production Sinks to Lowest Output in 77 Years
Crisis-wracked Venezuela's relentless fall in oil production sunk to a new low in May, according to OPEC figures, a milestone in a decade of decline for the onc…
Oil & Gas Trade
OPEC to Host Technical Workshop for 60th Anniversary
The Organization of Petroleum Exporting Countries will host a special technical workshop titled OPEC at 60 to commemorate the foundation of its 60th anniversary…
Oil&Gas Drilling
OPEC+ may be Able to Ramp up Oil Production in 2021: IEA
The IEA predicts oil demand will grow 3 million b/d more than supply in 2021, as it released its first estimates for next year in its June 16 outlook, which wou…
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