Crude Oil

Energy Economy
UK Considering Big Increase in Energy Windfall Tax, Sources Say
British finance minister Jeremy Hunt is considering a big increase in a windfall tax on oil and gas firms and extending it to power generation firms as he tries
Oil & Gas
Saudi Arabia to Deliver Full Oil Volumes to Asia Despite Production Cut
Saudi Arabia’s state oil company has assured several buyers in Asia it will deliver full contracted volumes in December despite the OPEC+ decision to cut produ
Oil & Gas
Saudi Energy Minister Stresses the Importance of Oil Security
The world cannot go without Saudi oil exports for more than two or three weeks, Saudi Arabia’s Energy Minister, Prince Abdulaziz Bin Salman.
Energy Economy
UK’s Market-Defying North Sea Oil IPO Falls Flat
After braving high-level market volatility in Britain’s biggest IPO of the year, North Sea oil and gas producer Ithaca Energy warned that any further boost to
Oil & Gas
EIA Cuts World Oil Demand Growth for 2023
The U.S. Energy Information Administration has slashed its world oil demand growth forecast for next year as President Biden lashed out at oil companies for not
Oil & Gas
UAE Believes the Oil Industry Is in “Decline Mode”
Crude oil is in “decline mode” in the long term, OPEC heavyweight the United Arab Emirates (UAE) says.
Oil & Gas
North America Leads $370 Billion Global Push for Oil & Gas Pipelines
Westwood’s upcoming onshore pipeline market forecast has revealed that between 2022 and 2028, the world will spend almost $370 billion on new oil and gas pipel
Oil & Gas
Oil Shortage Forecasts Clash With Grim Economic Projections
Oil markets can’t seem to choose which direction to head.
Oil & Gas
World Set to Lose 5 Million Barrels of Oil per Day if Investment Stops
The world will lose 5 million barrels per day of oil each year from current supplies if spending comes to a halt, Dr Sultan Al Jaber, managing director and grou
Oil & Gas
World Bank: Energy Prices Set to Decline in 2023 After Sharp Rise in 2022
The World Bank has predicted that energy prices will decline by 11% in 2023 after having surged 60% in the current year following the war in Ukraine.
Oil & Gas
Goldman: U.S. SPR Crude Releases to Have Modest Price Influence
The Biden administration's plan to continue releasing the Strategic Petroleum Reserves (SPR) "as appropriate" to bring down retail rates poses limited downside
Oil & Gas
Hungary Will Not Agree to EU Gas Price Cap, Will Need Exemption
Hungary will not agree to an EU price cap on imported gas because it would end Russian deliveries, a senior aide to Prime Minister Viktor Orban said, adding tha
Climate Change
Analysis: Renewables Shift Lays Bare Africa’s Energy Dilemma
Africa must build oil and gas pipelines, liquefied natural gas (LNG) terminals, distribution hubs and gas-fired power plants over the next 20 years to unlock it
Oil & Gas
Saudi Arabia, United States Clash Over Reason for OPEC+ Oil Cut
Saudi Arabia rejected as "not based on facts" criticism of an OPEC+ decision last week to cut its oil production target despite U.S. objections.
Oil & Gas
Oil Slides as U.S. Crude and Gasoline Stocks Surge
Oil prices slipped in early Asian trade on Friday as U.S. crude and gasoline inventories jumped, while Saudi Arabia and Washington continued to clash over plans

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CNOOC's Offshore Gas Field Cluster Around Hainan Island Achieves Annual Oil and Gas Equivalent Output Exceeding 10 Million Tons

Crude Oil

UK Considering Big Increase in Energy Windfall Tax, Sources Say

Saudi Arabia to Deliver Full Oil Volumes to Asia Despite Production Cut

Saudi Energy Minister Stresses the Importance of Oil Security

UK’s Market-Defying North Sea Oil IPO Falls Flat

EIA Cuts World Oil Demand Growth for 2023

UAE Believes the Oil Industry Is in “Decline Mode”

North America Leads $370 Billion Global Push for Oil & Gas Pipelines

Oil Shortage Forecasts Clash With Grim Economic Projections

World Set to Lose 5 Million Barrels of Oil per Day if Investment Stops

World Bank: Energy Prices Set to Decline in 2023 After Sharp Rise in 2022

Goldman: U.S. SPR Crude Releases to Have Modest Price Influence

Hungary Will Not Agree to EU Gas Price Cap, Will Need Exemption

Analysis: Renewables Shift Lays Bare Africa’s Energy Dilemma

Saudi Arabia, United States Clash Over Reason for OPEC+ Oil Cut

Oil Slides as U.S. Crude and Gasoline Stocks Surge

CNOOC's Offshore Gas Field Cluster Around Hainan Island Achieves Annual Oil and Gas Equivalent Output Exceeding 10 Million Tons

Mexico’s Pemex Increased Crude Shipments to Cuba in 2024, Filing Shows

China’s Recovery in Crude Oil Imports Is More Bearish Than Bullish

SOCAR Announces Expected Volume of Euro-5 Gasoline Output in Azerbaijan in 2025

Egyptian Petroleum Minister Inspects First Exploration Well Operations at New Oil Field in Gulf of Suez

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