Crude Oil

Oil & Gas
China’s Zhenhua Oil Doubles Crude Offtake From UAE in New Deal, Sources Say
On Thursday, industry sources announced that China’s Zhenhua Oil will double its crude oil offtake from the Abu Dhabi National Oil Company (ADNOC) to 200,
Oil & Gas
US Crude Production to Hit Record 13.41 Million Bpd in 2025 Before Falling, EIA Says
The U.S. Energy Information Administration (EIA) released a monthly report on August 12, 2025, projecting U.S. crude oil production to reach a record 13.41 mill
Oil & Gas
China’s July Crude Oil Imports up 11.5% Year-On-Year
China’s crude oil imports in July 2025 increased by 11.5% compared to the same month last year, reaching 47.2 million metric tons, or 11.12 million barrel
Oil & Gas
Mexico Exports 39% Less Crude Oil in June, Lowest Level in Decades
In June, Mexico's state-owned oil company, Pemex, experienced a 39% decrease in crude oil exports compared to the previous year, marking the lowest export l
Oil & Gas
Thailand’s PTTEP Buys 50% of Offshore Gas Block From Chevron for $450 Million
Thai oil and gas company PTT Exploration and Production (PTTEP) announced a $450 million deal to acquire a 50% stake in Block A-18, located in the Malaysia-Thai
Oil & Gas
Trendsetter Bags Contract From Major US Gulf Operator
Trendsetter Engineering Inc., based in Houston, Texas, has been awarded a contract to supply four 15K horizontal subsea tree systems, along with associated tool
Oil & Gas
Valeura Energy Strikes a Deal With Pttep to Expand Its Thai Oil & Gas Footprint
Canada-based Valeura Energy has entered into a farm-in agreement with Thailand’s PTT Exploration and Production Public Company Limited (PTTEP) to acquire
Oil & Gas
US Became Net Exporter of Crude to Nigeria for the First Time, EIA Says
In February and March 2025, the United States became a net exporter of crude oil to Nigeria, driven by changes in regional demand and supply, according to the U
Oil & Gas
China Refining Output Rebounds to Strongest Since 2023
In June 2025, China’s crude oil refining output reached over 15.2 million barrels per day, the highest since September 2023, according to national statist
Oil & Gas
Perenco Completes Acquisition of Woodside’s Greater Angostura Stakes
Woodside Energy Group Ltd. sold its Greater Angostura oil and gas assets in Trinidad and Tobago to Perenco Group for AUD 206 million ($135.18 million). The deal
Oil & Gas
Petrovietnam and Partners Sign PSC for Vietnam’s Block 15-1
Vietnam National Oil and Gas Group (Petrovietnam) and its partners have signed a new product sharing contract (PSC) for Block 15-1, situated on the southern con
Oil & Gas
China Builds a Crude Oil War Chest Amid Middle East Tensions
China's crude oil stockpiles continue to grow as the nation refines less than its combined imports and domestic production, maintaining its position as the
Oil & Gas
U.S. Says There Are Significant Undiscovered Oil and Gas Resources in Wyoming
On May 21, 2025, the U.S. Interior Department announced a federal assessment by the U.S. Geological Survey (USGS) identifying substantial undiscovered, technica
Oil & Gas
South Africa Wants $100 a Barrel Oil Before Selling More Crude Stocks
South Africa will hold off on selling more of its strategic crude oil reserves until global oil prices climb to about $100 per barrel, a senior energy official
Oil & Gas
US Crude, Fuel Stocks up as Crude Imports Rise, Product Demand Slips, EIA Says
The U.S. Energy Information Administration (EIA) announced on Wednesday that U.S. crude oil and fuel inventories rose unexpectedly last week, driven by higher c

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Turkmenistan Expands Oil Production at Uzynada Field

Crude Oil

China’s Zhenhua Oil Doubles Crude Offtake From UAE in New Deal, Sources Say

US Crude Production to Hit Record 13.41 Million Bpd in 2025 Before Falling, EIA Says

China’s July Crude Oil Imports up 11.5% Year-On-Year

Mexico Exports 39% Less Crude Oil in June, Lowest Level in Decades

Thailand’s PTTEP Buys 50% of Offshore Gas Block From Chevron for $450 Million

Trendsetter Bags Contract From Major US Gulf Operator

Valeura Energy Strikes a Deal With Pttep to Expand Its Thai Oil & Gas Footprint

US Became Net Exporter of Crude to Nigeria for the First Time, EIA Says

China Refining Output Rebounds to Strongest Since 2023

Perenco Completes Acquisition of Woodside’s Greater Angostura Stakes

Petrovietnam and Partners Sign PSC for Vietnam’s Block 15-1

China Builds a Crude Oil War Chest Amid Middle East Tensions

U.S. Says There Are Significant Undiscovered Oil and Gas Resources in Wyoming

South Africa Wants $100 a Barrel Oil Before Selling More Crude Stocks

US Crude, Fuel Stocks up as Crude Imports Rise, Product Demand Slips, EIA Says

Turkmenistan Expands Oil Production at Uzynada Field

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