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Crude Oil
Oil & Gas
Oil Prices Rally to Highest Since 2019 After Opec+ Extends Output Curbs
Brent may trade as high as $80 a barrel in the second half of 2021, analysts say
Oil & Gas
OPEC, Allies Agree to Keep Oil Output Steady into April
The Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed on Thursday to largely continue current production levels into April.
Oil & Gas
Oil Extends Gains on OPEC+ Supply Restraint, Expected Demand Recovery
U.S. West Texas Intermediate crude futures climbed 17 cents, or 0.3%, to $64.00 at 0128 GMT, holding below a 13-month high hit on Thursday.
Energy Economy
PetroSA Merger to Form South African National Petroleum Company
In South Africa, the portfolio committee on mineral resources and energy was recently briefed by the department of mineral resources and energy on the merger of
Oil & Gas
Saudi Arabia And Russia Could Raise Oil Production By 1 Million Bpd
Saudi Arabia and Russia are talking about bringing back online 1 million bpd to the oil market, citing sources familiar with the matter.
Oil & Gas
India Calls On OPEC+ To Ease Cuts And Stop Pushing Oil Higher
India is calling again on the OPEC+ coalition to boost production from April, because the world’s third-largest oil importer is not particularly happy with thi
Oil & Gas
Opec+ to Convene Amid Robust Recovery in Global Oil Prices
The group could raise output by 500,000 to 700,000 bpd
Oil & Gas
OPEC+ Decision To Raise Output Could Keep U.S. Gasoline Under $3
Rallying oil prices in recent weeks have intensified speculation that this week the OPEC+ group will decide to put more oil on the market as of April to prevent
Oil & Gas
S.Korea's Feb Crude Oil Imports Slide 14.7% y/y - Preliminary Data
South Korea's February crude oil imports fell 14.7% to 73.6 million barrels from a year earlier, preliminary data from the Ministry of Trade, Industry and Energ
Oil & Gas
Oman Starts New Energy Company As it Seeks to Leverage Oil Block
New government-owned Omani energy company is established as it seeks to use its largest oil block to raise debt
Oil & Gas
Oil Prices Reach One-Year High As Global Crude Supplies Shrink
Oil surged to the highest in more than a year as the market looks ahead toward an accelerating decline in global inventories and a comeback in demand.
Oil & Gas
OPEC+ Considers Production Increase At March Meeting
OPEC+ will discuss the possibility of increasing its oil production levels at the next meeting, OPEC+ sources said on Wednesday.
Oil & Gas
Texas Refineries Restarting After Power Loss
Texas refineries reported restarting units shut last week after subfreezing temperatures and a power crisis abruptly cut 28pc of US crude processing capacity.
Oil & Gas
Saudi Arabia And Russia Are Headed For Another Clash On OPEC+ Oil Cuts
The leaders of the OPEC+ alliance, Saudi Arabia and Russia, are reportedly once again at odds over oil supply management ahead of another crucial meeting of the
Oil & Gas
Digital Technology Powers Adnoc's Plans to Reach 5m bpd Capacity by 2030
Adnoc's Thamama centre generates $1.1bn in business value by leveraging technology
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China’s Recovery in Crude Oil Imports Is More Bearish Than Bullish
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CNOOC's Offshore Gas Field Cluster Around Hainan Island Achieves Annual Oil and Gas Equivalent Output Exceeding 10 Million Tons
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