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Oil&Gas Drilling
Saudi Output Cuts Helping Drive up Global Oil Markets
General view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah/File PhotoPrices for sour crude…
Crude Oil
Column: Saudi Output Cut Removes Downside Risk From Oil Market
General view of Aramco tanks and oil pipe at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed JadallahExt…
Crude Oil
Iraq Takes First Step Towards Becoming the World's Biggest Oil Producer
Iraq’s parliamentary oil and gas committee plans to increase the country’s oil production to more than five million barrels per day.Theoretically, I…
Iraq
Iraq to Trade Crude Oil for Iranian Gas to Settle Power Debt -PM
Iraqi Prime Minister Mohammed Shia al-Sudani, attends the Arab League Summit in Jeddah, Saudi Arabia, May 19, 2023. Iraqi Prime Minister Media Office/Handout vi…
Oil&Gas Drilling
Nigeria, Angola Now Africa's Biggest Oil Drilling Markets – Report
Nigeria has caught up with Angola in the drilling of crude oil, as both nations are now the biggest crude oil drilling markets in Africa, data from the June 202…
Oil Price
Iran Exports $19 BN of Crude Oil Jan-May
The latest data released by the Energy Information Administration of the United States (EIA) shows that Iran has exported $19 billion of crude oil in the first …
Crude Oil
Oil Companies on Fundraising Spree for Energy Transition
Oil companies have been scurrying the equity market to meet expenses of energy transition they have set for themselves.NEW DELHI: Oil companies have been scurry…
Crude Oil
Oil Prices Gain 2% On Bigger-Than-Expected Decline in Us Crude Storage
NEW YORK (Reuters) -Oil prices rose about 2% on Wednesday as the second straight weekly draw from U.S. crude stockpiles was bigger than expected, which offset w…
Crude Oil
CGX, Frontera Announce Major Oil Discovery off Guyana
The discovery adds to the growing bonanza in this promising frontier regionPUBLISHED JUN 28, 2023 10:50 PM BY THE MARITIME EXECUTIVECanadian oil company CGX and…
Oil & Gas Supply
Kazakhstan to Increase Crude Deliveries to Germany
The Bolashak oil plant on the Kashagan offshore oil field near Atyrau in Kazakhstan. Credit: LEON NEAL/AFP POOL/AFP via Getty Images.Kazakhstan will increase it…
Oil Price
Oil Prices Drop Following China's Lowering Main Rate for LPR
Trading data indicate a slight decline in world oil prices on Tuesday morning, as markets assess the prospects for growth in demand for this type of raw materia…
Crude Oil
Oil Futures up 3PC on Strong China Refinery Data
HOUSTON: Oil prices gained about 3 % to a one-week high on Thursday as the US dollar weakened and data showed a jump in refinery runs in top crude importer Chin…
Crude Oil
Russia’s Revenue From Oil Export Increases by USD 1.7 Billion
A view of a petrol station of the Russian oil producer Gazprom Neft and high-rise residential buildings under construction in Moscow on January 12, 2023. (Photo…
Crude Oil
As Profit From Renewables Dwindle, Shell Returns to Crude Oil
Shell will keep oil output steady or slightly higher into 2030 as part of the Chief Executive Officer, Wael Sawan’s, efforts to regain investor confidence…
Crude Oil
UNSC: Russia Resumed Refined Oil Exports to N. Korea in December
Photo : YONHAP NewsRussia officially resumed oil product exports to North Korea in December of last year after a hiatus of over two years.According to the UN Se…
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