Crude Oil

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
Oil & Gas
Sudan's Oil Reserves Estimated at 6 Billion Barrels: Sudan's Energy Ministry
The ministry's oil chief also revealed that "the country currently produces 60,000 barrels per day, and is expected to reach 80,000 barrels per day in 2021."
Oil & Gas
Brent Edges Higher as Opec+ Agrees More Moderate Production Increase
Oil prices crept up this evening after the Opec cartel and its allies agreed to a more gradual easing of production cuts next month.
Oil & Gas
Iraq Cuts Term Crude Supplies to Some European Cilents
Deliveries of Iraqi Basrah crude to Europe and the Mediterranean could drop next year after state-owned marketer Somo trimmed allocations for some of its term c
Oil & Gas
U.S. Briefly Became Net Petroleum Importer This Year
The United States briefly returned to being a net importer of crude oil and petroleum products in May and June this year, as U.S. crude oil and refinery output
Oil & Gas
U.S. Ups Pressure to Push Venezuela Oil Exports to Zero
Under the increased pressure from the United States, the companies classifying ships are asked to check if vessels have participated in shipments to Venezuela.
Oil & Gas
The OPEC Producer Looking To Sell A Stake In Its Oil Company
OPEC producer Angola plans to raise much-needed cash via selling a stake in its state oil firm Sonangol by early 2022 as the crash in oil prices—and the pandem
Oil & Gas
U.S. Crude Oil Inventories Decrease by 0.8 million Barrels
U.S. commercial crude oil inventories decreased by 0.8 million barrels from the previous week.
Oil & Gas
Kazakhstan will Produce 86 Million Tons of Oil in 2021
According to media reports on November 20, Kazakhstan’s Minister of National Economy Ruslan Dalenov said on Thursday that the country’s oil production next ye
Oil & Gas
Marginal Oilfields Output Dips to 1.52mb
Marginal oil fields in Nigeria produced 1.52 million barrels of crude oil and condensates in August 2020, accounting for 2.97 per cent of Nigeria’s total oil a
Oil & Gas
Crude Oil Pares Losses After UAE Reassures on OPEC Commitment
Crude oil prices were down fractionally in early trading in New York on Thursday, paring earlier losses after the United Arab Emirates rebutted reports claiming
Policy & Regulation
Liberian Govt Extends Licensing Round, 2020
The Government of Liberia, through the Liberia Petroleum Regulatory Authority, has announced an extension of the time frame for the Liberia License Round, 2020
Oil & Gas
Iraq Says October Crude Output Exceeds Opec+ Quota
Iraq exceeded its Opec+ crude output ceiling last month, when production rose by 242,000 b/d from September to 3.842mn b/d, according to state-owned marketing f
Oil & Gas
Libya Oil Output Hits 800,000 Bpd
Libya’s crude oil production has reached 800,000 bpd.

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Most views from Crude Oil

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

Crude Oil

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

Fitch Sees Brent At $45 Next Year

Sudan's Oil Reserves Estimated at 6 Billion Barrels: Sudan's Energy Ministry

Brent Edges Higher as Opec+ Agrees More Moderate Production Increase

Iraq Cuts Term Crude Supplies to Some European Cilents

U.S. Briefly Became Net Petroleum Importer This Year

U.S. Ups Pressure to Push Venezuela Oil Exports to Zero

The OPEC Producer Looking To Sell A Stake In Its Oil Company

U.S. Crude Oil Inventories Decrease by 0.8 million Barrels

Kazakhstan will Produce 86 Million Tons of Oil in 2021

Marginal Oilfields Output Dips to 1.52mb

Crude Oil Pares Losses After UAE Reassures on OPEC Commitment

Liberian Govt Extends Licensing Round, 2020

Iraq Says October Crude Output Exceeds Opec+ Quota

Libya Oil Output Hits 800,000 Bpd

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

China’s Zhenhua Oil Doubles Crude Offtake From UAE in New Deal, Sources Say

EIA Confirms Turkmenistan’s Rising Oil Reserves

Petron secures 2.5M barrels of Russian crude oil

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

Cambodia Stops Offshore Oil Extraction After KrisEnergy goes Bankrupt