Crude Oil

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
Oil & Gas
India Plans to Spend $10B on Homebuilt Oil Tanker Fleet
India plans to invest 850 billion rupees (approximately $10 billion) through 2040 to acquire 112 crude oil carriers, according to sources familiar with the matt
Oil & Gas
China’s Crude Oil Imports From Russia Fall in April; Imports From Malaysia Surge
In April, China imported 8.07 million metric tons of crude oil from Russia, equivalent to 1.96 million barrels per day (bpd), according to data released by Chin
Oil & Gas
Venezuela’s State Oil Firm Exporting Crude Grade Previously Shipped by Chevron, Data Shows
Venezuela’s state-owned oil company, PDVSA, has started exporting a heavy crude oil grade previously handled by Chevron since 2022, according to maritime
Oil & Gas
Chevron, European Firms Lobby to Keep Stakes in Venezuela Oil Joint Ventures
Chevron Corp, a U.S. oil company, along with several European firms, is engaging with the U.S. administration to secure permissions to maintain their stakes in
Oil & Gas
Iraq to Reduce Crude Oil Exports in May and June, Official Says
Iraq intends to export 3.2 million barrels per day (bpd) of crude oil in May and June, according to an Iraqi official familiar with the matter. This volume repr
Oil & Gas
US House Budget Bill Seeks More Than $1.5 Billion for Strategic Petroleum Reserve
A U.S. House committee unveiled a budget proposal on Sunday, allocating over $1.5 billion to restore and maintain the Strategic Petroleum Reserve (SPR), the wor
Oil & Gas
Mexico’s Pemex Plans to Export Less Crude Oil as New Refinery Starts Up, Official Says
Mexico’s state-owned oil company, Pemex, expects to decrease crude oil exports this year as it directs more supply to domestic refineries, particularly th
Oil & Gas
China’s Recovery in Crude Oil Imports Is More Bearish Than Bullish
China, the world’s largest crude oil importer, reported a slight increase in imports for the first four months of 2025, reaching 11.83 million barrels per
Oil & Gas
Oman Considering $8 Billion Sale of Natural Gas Assets, Sources Say
Oman is exploring the sale of a minority stake in natural gas assets within Block 6, valued at approximately $8 billion, to raise funds for state finances and s
Oil & Gas
Petrobras Enriches Brazilian Offshore Reserves With ‘High-Quality’ Oil Find
Brazilian state-owned energy company Petrobras has announced a new oil discovery in the pre-salt Santos Basin, located off Brazil’s southeastern coast. Th
Oil & Gas
Kazakhstan Says It Has No Plans to Cut Oil Production This Month
Kazakhstan’s Energy Ministry, based in Astana, has announced that the country will maintain its oil production at an average of 277,000 metric tons of cru

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

Crude Oil

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

India Plans to Spend $10B on Homebuilt Oil Tanker Fleet

China’s Crude Oil Imports From Russia Fall in April; Imports From Malaysia Surge

Venezuela’s State Oil Firm Exporting Crude Grade Previously Shipped by Chevron, Data Shows

Chevron, European Firms Lobby to Keep Stakes in Venezuela Oil Joint Ventures

Iraq to Reduce Crude Oil Exports in May and June, Official Says

US House Budget Bill Seeks More Than $1.5 Billion for Strategic Petroleum Reserve

Mexico’s Pemex Plans to Export Less Crude Oil as New Refinery Starts Up, Official Says

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

Oman Considering $8 Billion Sale of Natural Gas Assets, Sources Say

Petrobras Enriches Brazilian Offshore Reserves With ‘High-Quality’ Oil Find

Kazakhstan Says It Has No Plans to Cut Oil Production This Month

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

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

India to Overtake China in Crude Oil Consumption by 2024, 2025

China’s Crude Oil Imports Highest Since August 2023 on Iranian Surge

EIA Confirms Turkmenistan’s Rising Oil Reserves

Nigeria Inks Massive Oil Deal With Supermajors