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Crude Oil
Oil & Gas
Occidental Delivers World First Carbon-Neutral Oil
A unit of U.S. Occidental said this week it had delivered the world’s first shipment of carbon-neutral oil, or oil where emissions associated with the entire c
Oil & Gas
Colombia Aims to Sign 15 Oil Exploration Contracts in 2021
Colombia aims to sign 15 oil exploration contracts in 2021, Mines and Energy Minister Diego Mesa said on Wednesday, while setting the country's crude production
Oil & Gas
OPEC Withheld 1.3 Billion Barrels Of Oil To Prop Up Prices
The Organization of Petroleum Exporting Countries withheld some 1.3 billion barrels of oil supply last year to keep prices from falling even further, the secret
Oil & Gas
Oil to Average $54 per barrel in 2021 Amid Tightened Supply, ADCB Says
The promise of stimulus worth $1.9tn for the US economy has also buoyed oil markets
Policy & Regulation
Make in India Boost, Oil Cess may be Halved
The government may give a 'Make in India' push to oil and gas explorers, as it is considering a proposal to almost halve cess on domestic crude oil to encourage
Oil & Gas
Only 36% Of Russia’s Oil Reserves Are Profitable
Only 36 percent of Russia's recoverable crude oil reserves can turn a profit in the current market, Deputy Energy Minister Pavel Sorokin said in an article for
Oil & Gas
Russia’s Gazprom and LUKOIL Mull JV for Developing Fields in Nenets Area
The Vaneyvisskoye and Layavozhskoye fields have the aggregate recoverable reserves of 27.4 million tons of liquid hydrocarbons and 225.3 bcm of natural gas
Oil & Gas
IMF Sees Oil Prices Averaging $50 In 2021
Oil prices are set to average $50 per barrel for 2021, rising by 20 percent from the average last year, but still well below the average for 2019
Oil & Gas
Covid-19 will Speed up Global Energy Transition and Dampen Oil Prices
All forms of energy needed' to meet 45% rise in energy demand by 2045.
Oil & Gas
Libya Oil Comes Back to Life but with Fragile Infrastructure
Libya is now producing 1,224 million barrels per day — a tenfold increase from a 121,000 bpd average in the third quarter of 2020, before the ceasefire deal.
Oil & Gas
U.S. Proved Oil Reserves Remain Flat, Natural Gas Reserves Decline
Lower crude oil and natural gas prices reversed in 2019 a two-year trend of record high proved reserves in the United States as operators revised down their tot
Oil & Gas
Norway: December Oil Output Rises Above Expectations
Norway ended 2020 on a high note with oil production in December 2020 above forecasts made by the Norwegian Petroleum Directorate.
Oil & Gas
Iran Claims it is Ramping up Oil Production to Pre-Sanctions Levels
Iran's output fell following US sanctions in 2018 over its nuclear ambitions
Oil & Gas
UAE Squares Opec Commitments, Capacity Growth Plans
There is no contradiction between Abu Dhabi's efforts to boosts its production capacity and the UAE's membership of Opec, minister of energy Suhail al-Mazrouei
Oil & Gas
Algeria's Oil and Gas Exports and Output Down Around 10% in 2020
Overall energy output fell 10 per cent to 142 million tonnes of oil equivalent, hit by restrictions linked to the coronavirus pandemic, it said in a report.
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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
Nigeria Inks Massive Oil Deal With Supermajors
