Crude Oil

Oil & Gas
China's Top Refiner Sees Oil Product Demand Peak By 2025
China's largest refiner, Sinopec, expects domestic demand for oil products to peak by 2025 due to COVID impacts and the rise of electric vehicles, citing Sinope
Oil & Gas
ONGC Opens Eighth Hydrocarbon Producing Basin of India
State-owned Oil and Natural Gas Corporation on Sunday opened India's eighth hydrocarbon producing basin when it started oil flow from a well in the Bengal basin
Oil & Gas
Belarus Suspends Klaipeda Oil Product Exports
Belarus appears to be halting oil product exports through the Lithuanian port of Klaipeda in what may be a politically-motivated move.
Oil & Gas
Putin: Russia Reduces Its Dependence On Oil
Russia is successfully weaning itself off oil revenues, President Vladimir Putin said today during an annual end-of-the-year news conference, as quoted by RT.
Oil & Gas
Oil Jumps On Crude Inventory Draw
Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 3.1 million barrels for the week to December 1
Oil & Gas
OPEC President: OPEC+ Shouldn’t Hurry To Ease Oil Output Cuts
The OPEC+ group of producers must continue to calibrate the easing of its collective oil production cuts to the still fragile global oil demand in the pandemic.
Oil & Gas
OPEC Cuts 2021 Oil Demand Outlook Again as Pandemic Impact Lingers
Global oil demand will rebound more slowly in 2021 than previously thought because of the lingering impact of the coronavirus pandemic, OPEC said on Monday, ham
Oil & Gas
Oil Production Cuts to End in Norway on December 31st
Throughout this year, Norway imposed oil production cuts to push up oil prices, as was reported by the Petroleum and Energy Ministry of the country.
Oil & Gas
OMAN: November Crude Oil Production Slightly Exceeds OPEC+ Quota
China is by far the largest importer of Omani crude.
Oil & Gas
Karoon Offloads First Oil from Recently-Bought Baúna Field
Australian player Karoon Energy has offloaded its first shipment of over 500,000 barrels of oil from its newly acquired Baúna production field, offshore Brazil
Oil & Gas
Oil Hits $50 On Vaccine Rollout
Brent Crude hit $50 a barrel on Thursday morning for the first time since oil prices crashed in early March, as hopes of swifter-than-thought vaccine rollout fu
Oil & Gas
US Energy Agency Revises up Oil Price Forecast
Brent price expected to increase by 2.1%, according to Energy Info. Administration's Short-Term Energy Outlook for December
Oil & Gas
Denmark to End Oil Production in 2050
The round failed to attract much attention, anyway, with just one applicant expressing interest after French Total withdrew.
Oil & Gas
Global Oil Prices May Remain Range Bound Between $40-50 per Barrel in 2021
The news of a successful coronavirus has ignited the oil market again with crude price moving up mire than 20 per cent in a month to hover close to $50 a barrel
Oil & Gas
Fitch Sees Brent At $45 Next Year
Fitch Ratings said it expected Brent crude to average $45 a barrel next year, following OPEC+’s decision to start raising production by 500,000 bpd monthly fro

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CNOOC's Offshore Gas Field Cluster Around Hainan Island Achieves Annual Oil and Gas Equivalent Output Exceeding 10 Million Tons

Crude Oil

China's Top Refiner Sees Oil Product Demand Peak By 2025

ONGC Opens Eighth Hydrocarbon Producing Basin of India

Belarus Suspends Klaipeda Oil Product Exports

Putin: Russia Reduces Its Dependence On Oil

Oil Jumps On Crude Inventory Draw

OPEC President: OPEC+ Shouldn’t Hurry To Ease Oil Output Cuts

OPEC Cuts 2021 Oil Demand Outlook Again as Pandemic Impact Lingers

Oil Production Cuts to End in Norway on December 31st

OMAN: November Crude Oil Production Slightly Exceeds OPEC+ Quota

Karoon Offloads First Oil from Recently-Bought Baúna Field

Oil Hits $50 On Vaccine Rollout

US Energy Agency Revises up Oil Price Forecast

Denmark to End Oil Production in 2050

Global Oil Prices May Remain Range Bound Between $40-50 per Barrel in 2021

Fitch Sees Brent At $45 Next Year

CNOOC's Offshore Gas Field Cluster Around Hainan Island Achieves Annual Oil and Gas Equivalent Output Exceeding 10 Million Tons

Mexico’s Pemex Increased Crude Shipments to Cuba in 2024, Filing Shows

China’s Recovery in Crude Oil Imports Is More Bearish Than Bullish

SOCAR Announces Expected Volume of Euro-5 Gasoline Output in Azerbaijan in 2025

Egyptian Petroleum Minister Inspects First Exploration Well Operations at New Oil Field in Gulf of Suez

Petrovietnam and Partners Sign PSC for Vietnam’s Block 15-1