Crude Oil

Oil & Gas
ADNOC Drilling Contract as UAE Steps up Oil & Gas Production
ADNOC Offshore awards US$980m contract for the hire of two jack-up offshore rigs and associated manpower and equipment.
Oil & Gas
White House Leaves Door Open for Additional SPR Releases
The White House said on Tuesday that it has many options to counteract OPEC+’s looming production cuts, including the release of even more crude oil from the n
Oil & Gas
Oil Takes a Breather, Eases off 5-Week Highs
Oil prices slipped on Monday, easing off five-week highs, as the market took profits following strong gains last week on expectations of tighter supplies follow
Oil & Gas
The UAE Isn’t Ditching Oil for Renewables Just Yet
The UAE isn’t likely to curb its oil production in favor of renewables any time soon.
Oil & Gas
Putin Orders Seizure of Exxon-led Sakhalin 1 Oil and Gas Project
Russian President Vladimir Putin signed a decree on Friday that establishes a new operator for the Exxon Mobil Corp-led Sakhalin-1 oil and gas project in Russia
Oil & Gas
China Releases First Batch of 2023 Crude Oil Import Quotas
China has issued the first batch of crude oil import quotas for 2023, mainly to independent refiners, four sources familiar with the matter said on Saturday.
Oil & Gas
U.S. Sells Oil from Emergency Reserve to Marathon, Equinor, Others
The United States has sold a 10.15 million barrel batch of oil from the Strategic Petroleum Reserve to eight companies, the Department of Energy said on Friday.
Oil & Gas
Ørsted Ordered to Restart Oil- and Coal-Fired Power Plants amid Supply Crunch
Danish authorities have ordered Ørsted to continue and resume operations of three of its oil- and coal-fired power station units in order to ensure security of
Oil & Gas
Oil Prices Fall on Fuel Demand Fears Sparked by Recession Concerns
Oil prices fell for a second day on Monday on fears of lower fuel demand from an expected global recession.
Oil & Gas
APPEC EU Sanctions, Price Cap on Russian Oil to Raise Shipping Hurdles
Oil markets are bracing for the biggest shift in global trade flows ever as nearly 3 million barrels per day of Russian crude oil
Oil & Gas
Brent Crude Slides Below $85 a Barrel as Dollar Surges
Brent crude fell below $85 a barrel Monday, as recession fears weighed and the U.S. dollar surged.
Energy Economy
Why the World Needs to Invest in Fossil Fuels
The CEO of Saudi Aramco made headlines this week when he once again highlighted the need for more investment in oil and natural gas.
Oil & Gas
Shorter Showers, Slower Driving and an Eiffel Tower Blackout: How Europe Plans to Cut Gas Usage This Winter
From cutting down on showering time to 5 minutes, fining shopkeepers for not closing their doors and driving slower, Europe is embarking on a goal to reduce gas
Oil & Gas
U.S. Refiners May Soon Purchase More Canadian Crude
Canada’s benchmark heavy oil price could soon see a boost as U.S. refiners are expected to return to buying large volumes of Canadian crude once the massive re
Oil & Gas
U.S. To Sell Up to 10 Mln Bbls of Oil From SPR for Nov. Delivery
The U.S. Energy Department said on Monday it will sell up to 10 million barrels of oil from the Strategic Petroleum Reserve, for delivery in November.

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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

ADNOC Drilling Contract as UAE Steps up Oil & Gas Production

White House Leaves Door Open for Additional SPR Releases

Oil Takes a Breather, Eases off 5-Week Highs

The UAE Isn’t Ditching Oil for Renewables Just Yet

Putin Orders Seizure of Exxon-led Sakhalin 1 Oil and Gas Project

China Releases First Batch of 2023 Crude Oil Import Quotas

U.S. Sells Oil from Emergency Reserve to Marathon, Equinor, Others

Ørsted Ordered to Restart Oil- and Coal-Fired Power Plants amid Supply Crunch

Oil Prices Fall on Fuel Demand Fears Sparked by Recession Concerns

APPEC EU Sanctions, Price Cap on Russian Oil to Raise Shipping Hurdles

Brent Crude Slides Below $85 a Barrel as Dollar Surges

Why the World Needs to Invest in Fossil Fuels

Shorter Showers, Slower Driving and an Eiffel Tower Blackout: How Europe Plans to Cut Gas Usage This Winter

U.S. Refiners May Soon Purchase More Canadian Crude

U.S. To Sell Up to 10 Mln Bbls of Oil From SPR for Nov. Delivery

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