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Crude Oil
Oil & Gas
Aramco on Track to Raise Output Capacity to 13 million bpd, CEO Says
Amin Nasser remained optimistic about a broader recovery in the oil markets as vaccine rollout picks up pace
Oil & Gas
India’s Crude Oil Throughput Hits Four-Month Low in February
India’s crude oil processing fell to its lowest in four months in February, retreating from a near one-year high hit in the prior month hurt by higher crude pr
Oil & Gas
India to Cut Saudi Arabian Oil Imports After OPEC Ignores India Demand
Weaker demand due to increasing Covid-19 cases or regular maintenance shutdowns may also contribute to lower purchase from Saudi Arabia in May, they said.
Oil & Gas
EIA: OPEC+ Cuts To Lift Oil Prices Through April
Oil prices will likely remain at the current high levels in March and April, with Brent Crude prices averaging between $65 and $70 per barrel, after the OPEC+ g
Oil & Gas
Oil at $70 does not Signal Return of a Supercycle, IEA Says
The agency expects world oil demand to recover 63% of the volume lost in 2020 due to the pandemic
Oil & Gas
Biden’s Energy Agenda To Reduce Oil Production And Boost Prices
Joe Biden had a neat, nine-point plan for energy when he campaigned for president.
Oil & Gas
China Ramps Up Oil Imports From Iran
China appears to be becoming a major importer of Iranian oil, as Iran’s production levels look set to soar thanks to better relations with Biden’s U.S.
Oil & Gas
Crude to $100: Trader Makes the Case for a Spike in Oil Prices
Crude oil prices are on a path to highs not seen since 2014, according to one chart analyst.
Oil & Gas
Iranian Crude Clogs Chinese Ports Despite US Sanctions
Congestion at one of China’s major refinery hubs was reportedly caused by soaring exports of crude from the Persian Gulf nation, which are expected to grow fur
Oil & Gas
Saudis Vow To Protect Oil Facilities And Global Supply After Latest Attacks
On Sunday, Yemen’s Houthi rebels said they had fired 14 drones and eight ballistic missiles at oil facilities at the Saudi port of Ras Tanura and military targ
Oil & Gas
Saudi Oil Exports Holding Strong Despite Production Cut Commitment
Saudi Arabia’s crude oil exports fell just slightly in February, in stark contrast to the bold voluntary production cuts that the Kingdom had offered to make.
Oil & Gas
Adnoc and Petronas Agree to Explore Oil and Gas Opportunities in Abu Dhabi
The two state oil companies will look at exploration and production possibilities in the emirate
Oil & Gas
Libya Targets 1.45mn b/d Oil Output by Year-End
Libya aims to increase its oil output to 1.45mn b/d by the end of the year, a level not achieved since 2012.
Oil & Gas
COVID-19 And Electrification Bring Hydrocarbon Demand Peak Forward To 2027, Says McKinsey & Company
The pandemic has resulted in a profound reduction in energy demand, from which McKinsey expects it will take between one to four years to recover – with electr
Oil & Gas
Oil Price Settles Near $70 as Traders Shrug off Saudi Terminal Attack
Brent oil erased gains as the market shrugged off an attack on the world’s largest crude terminal in Saudi Arabia.
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