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Crude Oil
Oil & Gas
Production Starts at Angola’s Clov 2 Oil Project
Crude production has started at the Clov 2 project in block 17 offshore Angola, the second new deepwater development to come on stream in the west African count
Oil & Gas
Saudi Arabia May Raise January Oil Prices to Asia
Top oil exporter Saudi Arabia may raise crude prices for Asia in January following large gains in the Middle East spot market last month
Oil & Gas
Guyana To Become The 11th Country To Produce Over 1 Million Bpd
The tiny South American nation of Guyana has emerged as the hottest offshore drilling location on the continent over the last six years.
Oil & Gas
U.S. Strategic Oil Reserves Could Fall By 50% Over The Next Decade
The U.S. strategic petroleum reserve could drop by 304 million barrels over the next 10 years according to the EIA
Oil & Gas
Iran Plans To Boost Oil Production To 5 Million Bpd
Iran is determined to return to its pre-sanction oil production level of 5 million barrels per day, regardless of how the nuclear deal develops
Oil & Gas
Iran Seeks to Return Oil Output to Pre-Sanction Levels
Iran wants to pump more oil than it did before the Trump administration tightened sanctions, a top official said ahead of high-level nuclear talks whose outcome
Oil & Gas
Brazil’s Oil Major Plans To Invest $68 Billion In Boosting Production
Brazil’s Petrobras plans to invest $68 billion in expanding its crude oil production, a figure that represents 84 percent of its total planned investments for
Oil & Gas
Brent Price Slides Amid Covid Concerns Ahead of Key Opec+ Meeting Next Week
Futures in London slid towards $80 a barrel as crude was swept up in a wave of caution across global markets
Oil & Gas
Opec's ECB Mulls 66mn bl SPR Release in Jan-Feb
An Opec advisory committee has been considering the possibility that as much as 66mn bl could be released from the strategic reserves of key oil-consuming count
Oil & Gas
Barclays Lifts Brent Oil Price Forecast To $80 In 2022
Brent Crude prices are set to average $80 a barrel in 2022, Barclays said on Tuesday, raising its forecast by $3 as it expects slower supply growth next year an
Oil & Gas
Russia’s Oil Reserves Are Becoming Increasingly Hard To Recover
Nearly all of Russia’s oil production will consist of the so-called hard-to-recover crude reserves unless the country speeds up and incentivizes exploration
Oil & Gas
China: New Sinopec Downstream Technology Process Developed
China's Sinopec has developed a steam-cracking technology to convert oil directly into high-demand petrochemical products such as ethylene and propylene, cuttin
Oil & Gas
Biden Announces Global Effort to Ease Energy Costs
US president orders 50 million barrels of oil to be released from nation's strategic petroleum reserve
Oil & Gas
OPEC Considers Lowering Production to Account for Oil Reserve Releases
OPEC and its allies may re-evaluate plans for reviving oil supplies if the world’s four largest consuming countries go ahead with a co-ordinated release of the
Oil & Gas
Colombia Desperately Needs To Ramp Up Its Oil Production
The COVID-19 pandemic has taken a particularly harsh toll on Colombia’s economically-dependent oil and gas industry.
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Most views from Crude Oil
1
China’s Recovery in Crude Oil Imports Is More Bearish Than Bullish
2
CNOOC's Offshore Gas Field Cluster Around Hainan Island Achieves Annual Oil and Gas Equivalent Output Exceeding 10 Million Tons
3
India to Overtake China in Crude Oil Consumption by 2024, 2025
4
China’s Crude Oil Imports Highest Since August 2023 on Iranian Surge
5
EIA Confirms Turkmenistan’s Rising Oil Reserves
6
Spain to release 11.5M barrels from strategic oil reserves
