Crude Oil

Oil & Gas
OPEC Stays the Course on Output Hikes As Oil Prices Rebound
OPEC and its allies are expected to press on with their planned revival of oil production when they meet next week, as prices bounce back from their August stum
Oil & Gas
Lukoil Plans to Ramp up Oil Output at West Qurna 2 Field to 480,000 b/d in 2022
Russia ‘s second-largest crude oil producer Lukoil hopes to increase oil output at the West Qurna 2 project in Iraq to 480,000 b/d next year, the company said
Oil & Gas
Mexico’s Pemex Struggles To Restore Oil Output Lost After Fatal Fire
Mexico’s state-owned oil firm Pemex has restored part of the oil production suspended after Sunday’s fatal fire that killed seven people,
Oil & Gas
Saudi Arabia’s Crude Oil Exports Dropped in H1 by 20%
Saudi Arabia could not ship more crude oil in the first half as it voluntarily restrained output under OPEC+ production-cut agreement; however, high oil prices
Oil & Gas
Oil Falls for a Sixth Straight Day, Sinks to the Lowest Level Since May on Fears of Slowing Growth
Crude came under pressure amid weakness in the commodities market and equities more generally.
Oil & Gas
Opec+ Compliance at 109pc in July: Report
The Opec+ coalition achieved 109pc conformity with its crude production commitments in July, down from 112pc in June
Policy & Regulation
World’s Biggest Miner BHP Quits Oil In Megadeal With Woodside
BHP is offloading its oil and gas assets in an all-stock merger of its petroleum division with Woodside, which will create one of the world’s top ten independe
Oil & Gas
EXCLUSIVE Brazil's Lower-Carbon Oil Projects can Lure Majors, Lift Sales -Official
Rising calls to cut carbon emissions and to reduce global warming could generate more offshore partnerships and increase the output of cleaner oil for Brazil
Oil & Gas
Iran Oil Output Falls To 40-year Low In 2020
Iran’s crude oil production fell to the lowest in 40 years, according to an updated analysis by the U.S. Energy Information Administration.
Oil & Gas
First New Oil Sands Pipeline in Years may Start Exports to U.S. Next Month
A key pipeline linking Canada’s oil sands to U.S. markets could start shipping crude as early as next month.
Oil & Gas
Opec Lifts Oil Supply Forecast, Demand Unchanged
Opec has kept its global oil demand growth projections for 2021-22 unchanged but it has lifted its forecast for supply on the back of rising Opec+ quotas.
Oil & Gas
Oil Tanker Explodes In Syrian Port
An explosion on an oil tanker moored at the Syrian port of Latakia caused a fire that has injured two people in an incident on what was identified as a tanker p
Oil & Gas
Oil Turns Positive, Clawing Back Losses After White House Calls on OPEC to Boost Production
Oil prices reversed losses to trade in the green on Wednesday, after the White House called on OPEC and its allies to increase oil production to support the glo
Oil & Gas
Pipeline Leak Cuts Libya’s Oil Production By 70,000 Bpd
Libya’s crude oil production fell on Monday by 60,000-70,000 barrels per day because pumping crude at an oilfield had to be reduced because of a leak in a pipe
Oil & Gas
DPR Plans Incentives for Operators, Eyes 50bn Barrels Oil Reserves
According to him, effective implementation of the MER strategies would deliver greater value overall to all stakeholders.

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Turkmenistan Expands Oil Production at Uzynada Field

Crude Oil

OPEC Stays the Course on Output Hikes As Oil Prices Rebound

Lukoil Plans to Ramp up Oil Output at West Qurna 2 Field to 480,000 b/d in 2022

Mexico’s Pemex Struggles To Restore Oil Output Lost After Fatal Fire

Saudi Arabia’s Crude Oil Exports Dropped in H1 by 20%

Oil Falls for a Sixth Straight Day, Sinks to the Lowest Level Since May on Fears of Slowing Growth

Opec+ Compliance at 109pc in July: Report

World’s Biggest Miner BHP Quits Oil In Megadeal With Woodside

EXCLUSIVE Brazil's Lower-Carbon Oil Projects can Lure Majors, Lift Sales -Official

Iran Oil Output Falls To 40-year Low In 2020

First New Oil Sands Pipeline in Years may Start Exports to U.S. Next Month

Opec Lifts Oil Supply Forecast, Demand Unchanged

Oil Tanker Explodes In Syrian Port

Oil Turns Positive, Clawing Back Losses After White House Calls on OPEC to Boost Production

Pipeline Leak Cuts Libya’s Oil Production By 70,000 Bpd

DPR Plans Incentives for Operators, Eyes 50bn Barrels Oil Reserves

Turkmenistan Expands Oil Production at Uzynada Field

Russia’s Rosneft Reports 70% Fall In 9-Month Net Income

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

EIA Confirms Turkmenistan’s Rising Oil Reserves

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

Iran Clears Oil Spill in Northern Gulf Region