Crude Oil

Oil & Gas
Iraq Pledges to Deepen Oil Output Cuts in August, September
Iraq said on Friday it would cut its oil production by another 400,000 barrels per day in both August and September to compensate for its overproduction in the
Oil & Gas
India’s July Crude Imports Fall to Decade Low
India's crude imports hit a decade low in July, falling by a record 36pc or 1.67mn b/d on the year because of a nationwide Covid-19 lockdown and sliding refinin
Oil & Gas
Angola Oil Output to Fall Below 1.2mn b/d by 2023: ANGP
The agency predicts a slight rebound next year but expects the growth to be short-lived.
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Storage Levels for Crude Oil are Starting to Decline as Economies Recover
As economies reopen, oil stocks in Cushing have been drawn down to 52 million barrels since its peak of 65 million in May.
Oil & Gas
Global Oil Demand is Expected to Return to 97% of Pre-Epidemic Levels by the End of the Year
At the OPEC and OPEC+ ministerial video conference that global oil demand is expected to return to the new crown by the end of 2020 97% of the level before the
Oil & Gas
Opec+ Needs Cumulative 2.3mn b/d of Compensation Cuts
Opec+ members that exceeded their crude production ceilings in May-July went over their quotas by a cumulative 2.3mn b/d and will need to compensate for this ex
Oil & Gas
Could The GNA Ever Successfully Control Libya’s Oil?
The success of the Tripoli-based Government of National Accord in forcing the withdrawal of the eastern-based Libyan National Army from northwestern Libya has l
Oil & Gas
OPEC+ Seeks to Defend Oil-Market Gains as Demand Outlook Darkens
OPEC and its allies have achieved the oil-market equivalent of a high-wire act: increasing supply even as demand remains depleted, without crashing prices.
Oil & Gas
California Oil Production Limits Stall in Legislature, Leaving the Issue to Newsom
In his first year in office, Gov. Gavin Newsom vowed to protect Californians against hazards and pollutants from oil and gas production.
Oil & Gas
Private Chinese Refiner Boosts Crude Storage Capacity
Private Chinese firm Hengli Petrochemical, which operates one of the largest private refineries in China, has boosted its crude oil storage capacity.
Oil & Gas
Australia’s Ampol to Restart Lytton Refinery
Australian refiner and fuel marketer Ampol plans to restart its 109,000 b/d Lytton refinery in September and reach full production in early October.
Oil & Gas
Aramco Aims to Boost Production Capacity to 13 Million Bpd
The world’s largest oil company is looking to raise its production capacity by an extra million barrels per day.
Oil & Gas
Iraq Says Will Make Additional Oil Cuts in August
Iraq said on Thursday it would make an additional cut in its oil production of about 400,000 barrels per day in August.
Oil & Gas
Exxon: 20 Percent Of Global Oil And Gas Reserves may be Wiped Out
After a grim Q2 season for Big Oil, the world’s third-most valuable energy company is warning that 20% of the world’s oil and gas reserves may no longer be vi
Oil & Gas
Russia is Raising Crude Oil Output as OPEC+ Cuts Ease
OPEC+ producers from Aug. 1 have agreed to slim their output cuts to 7.7 million barrels per day from 9.7 million bpd.

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Turkmenistan Expands Oil Production at Uzynada Field

Crude Oil

Iraq Pledges to Deepen Oil Output Cuts in August, September

India’s July Crude Imports Fall to Decade Low

Angola Oil Output to Fall Below 1.2mn b/d by 2023: ANGP

Storage Levels for Crude Oil are Starting to Decline as Economies Recover

Global Oil Demand is Expected to Return to 97% of Pre-Epidemic Levels by the End of the Year

Opec+ Needs Cumulative 2.3mn b/d of Compensation Cuts

Could The GNA Ever Successfully Control Libya’s Oil?

OPEC+ Seeks to Defend Oil-Market Gains as Demand Outlook Darkens

California Oil Production Limits Stall in Legislature, Leaving the Issue to Newsom

Private Chinese Refiner Boosts Crude Storage Capacity

Australia’s Ampol to Restart Lytton Refinery

Aramco Aims to Boost Production Capacity to 13 Million Bpd

Iraq Says Will Make Additional Oil Cuts in August

Exxon: 20 Percent Of Global Oil And Gas Reserves may be Wiped Out

Russia is Raising Crude Oil Output as OPEC+ Cuts Ease

Turkmenistan Expands Oil Production at Uzynada Field

Russia’s Rosneft Reports 70% Fall In 9-Month Net Income

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

EIA Confirms Turkmenistan’s Rising Oil Reserves

Chevron, European Firms Lobby to Keep Stakes in Venezuela Oil Joint Ventures

Iran Clears Oil Spill in Northern Gulf Region