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Crude Oil
Oil & Gas
IEA Says Oil Demand more Resilient than Expected in the Face of Omicron
Global oil demand has proven stronger than expected as the latest coronavirus variant inflicts a softer hit to the economy than anticipated.
Oil & Gas
OPEC Targeting Oil Prices Below $100, Oman’s Oil Minister Says
OPEC and its allies don’t want crude prices to climb to $100 a barrel, and are reviving production quickly enough to prevent global markets from “overheating,
Oil & Gas
Iraq to Bolster Crude Export Capacity in 2Q
Iraq has completed the installation of new pumps at its southern oil terminals, paving the way for an increase in crude exports.
Oil & Gas
Several Asian Refiners to Receive Full Saudi Crude Allocation in February
Saudi Aramco has notified at least five Asian buyers that it will supply full contractual volumes of crude oil in February, same as January, sources with knowle
Oil & Gas
China Boosts Imports Of Cheap Oil From Sanctioned Iran And Venezuela
Chinese refiners imported 53 percent more oil from Iran and Venezuela last year compared to 2020
Oil & Gas
Libya’s El Sharara Crude Field Poised to Restart
Production from Libya's largest field — the 300,000 b/d El Sharara — can restart after an agreement was reached with the Petroleum Facilities Guard.
Oil & Gas
Korea's Imports of U.S. Crude Oil Considerably Increases Last Year
As a result, South Korea became the biggest U.S. crude oil importer in Asia last year.
Oil & Gas
China's Largest Offshore Oilfield Yields Over 30M tonnes of Crude Oil
China's largest oil field located in Bohai Bay produced more than 30 million tonnes of crude oil in 2021, top-ranked nationwide.
Oil & Gas
Canadian Overseas Petroleum Ltd Announces Significant U.S. Discovery
In addition, COPL provides an operational update on its Barron Flats Shannon Field production.
Oil & Gas
Libya Oil Pipeline Maintenance Completed
Libya's state-owned oil firm NOC expects the country's crude production to partially recover in the coming days following the early completion of pipeline maint
Oil & Gas
Oil Rallies Amid Worsening Unrest In Crude Producer Kazakhstan
Oil markets shrug off dip in U.S. gasoline demand
Oil & Gas
High Gas Prices Lead To Conversion Of Ammonia Plant To Green Hydrogen
Incitec Pivot is Australia’s largest supplier of fertilisers, producing around two million tonnes of ammonia each year for use in Australian agriculture.
Oil & Gas
Saudi Arabia may Set Deep Crude Price Cuts for Asia in February
Top oil exporter Saudi Arabia may implement deep price cuts for the crude it sells to Asia in February after Middle East benchmarks and spot prices slumped this
Oil & Gas
Mexico To End Oil Exports In 2023
Mexico will suspend crude oil exports in two years in a bid to focus on domestic self-sufficiency.
Oil & Gas
Oman's Ras Markaz Crude Storage Outside Strait of Hormuz to Come Onstream Q2
Infrastructure to store crude at Ras Markaz in Duqm on the southern coast of Oman is already complete, Salim al-Hashmi
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