Crude Oil

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
Oil & Gas
Exxon Plans $1.5 Billion Investment in Nigerian Oilfield
ExxonMobil, a global energy company, plans to invest $1.5 billion in its deepwater operations in Nigeria, according to the Nigerian Upstream Petroleum Regulator
Oil & Gas
Mexico’s Pemex Increased Crude Shipments to Cuba in 2024, Filing Shows
Mexican state oil company Pemex significantly increased its crude oil exports to Cuba in 2024, boosting shipments by nearly 20%, according to a company filing r
Oil & Gas
Norway Parliament Orders Restart to Frontier Oil and Gas Exploration Licensing
On Tuesday, the Norwegian parliament directed the Labour minority government to initiate a new licensing round for oil and gas exploration in frontier areas, pa
Oil & Gas
With Brazilian Oil Project Approved, BW Energy Sets Sights on Doubling Output by 2028
BW Energy, an Oslo-listed oil and gas exploration and production company, has approved the final investment decision for the Maromba field development in the Ca
Coal
House Committee Proposes Changes to Boost US Oil, Coal on Federal Lands
On Tuesday, the House Natural Resources Committee will review proposed changes to U.S. oil and gas drilling programs as part of a budget reconciliation bill. Th
Oil & Gas
Petrobras Posts Slight Drop In First-Quarter Oil and Gas Output
Petrobras, Brazil’s state-run oil company, reported its first-quarter production results, achieving a daily output of 2.77 million barrels of oil equivale
Oil & Gas
Russia’s Oil Producers Speed up Drilling as OPEC+ Curbs Ease
Russia’s oil industry has significantly increased drilling activities in early 2025, reaching levels not seen in at least five years. This surge aligns wi
Oil & Gas
Sinopec’s Quarterly Net Income Falls 28% on Slower Fuel Sales
On Monday, China Petroleum & Chemical Corp, known as Sinopec, reported a 27.6% decline in first-quarter net income compared to the previous year. The company, l
Oil & Gas
USA Crude Oil Inventories Rise Week on Week
The U.S. Energy Information Administration (EIA) reported on April 23 that U.S. commercial crude oil inventories, excluding the Strategic Petroleum Reserve (SPR
Oil & Gas
US Eases Downhole Commingling Policy to Boost Oil Production
The United States Department of the Interior (DOI) has revised its policy to increase the allowable pressure differential for single-wellbore oil production fro
Oil & Gas
Guyana’s Q1 Oil Output Rises 3% Yr/Yr to 631,000 Bpd
Guyana’s oil production in March 2025 dropped by about 3% to 627,000 barrels per day (bpd) from the previous month, according to data from the country&rsq
Oil & Gas
SINOPEC Launches Training Program for Over 800 Ugandans
SINOPEC, a Chinese company tasked with constructing Uganda’s Central Processing Facility (CPF), launched a training program on Wednesday to enhance the sk
Oil & Gas
Venezuela Launches Blend 22 Crude Exports Ahead of Us Licenses Expiry
Venezuela will launch exports of a new medium crude blend, Blend 22, this month from its Western fields, aiming to maintain oil revenue as U.S. licenses for its
Oil & Gas
Contract With Allseas Takes Vallourec to One of World’s Largest Deepwater Fields
French company Vallourec, a provider of tubular solutions, has secured a significant contract with Allseas to supply line pipes for the Búzios 10 offshor

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

Crude Oil

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

Exxon Plans $1.5 Billion Investment in Nigerian Oilfield

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

Norway Parliament Orders Restart to Frontier Oil and Gas Exploration Licensing

With Brazilian Oil Project Approved, BW Energy Sets Sights on Doubling Output by 2028

House Committee Proposes Changes to Boost US Oil, Coal on Federal Lands

Petrobras Posts Slight Drop In First-Quarter Oil and Gas Output

Russia’s Oil Producers Speed up Drilling as OPEC+ Curbs Ease

Sinopec’s Quarterly Net Income Falls 28% on Slower Fuel Sales

USA Crude Oil Inventories Rise Week on Week

US Eases Downhole Commingling Policy to Boost Oil Production

Guyana’s Q1 Oil Output Rises 3% Yr/Yr to 631,000 Bpd

SINOPEC Launches Training Program for Over 800 Ugandans

Venezuela Launches Blend 22 Crude Exports Ahead of Us Licenses Expiry

Contract With Allseas Takes Vallourec to One of World’s Largest Deepwater Fields

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

Petron secures 2.5M barrels of Russian crude oil

EIA Confirms Turkmenistan’s Rising Oil Reserves

USA EIA Reveals Latest Gasoline and Diesel Price Forecasts

Venezuela Approves 15-Year Extension of Russia-Linked Oil Joint Ventures

China’s Sinopec Upgrading Xinjiang Refining and Chemical Projec