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Crude oil
Crude Oil
Adnoc Begins Crude Production in Offshore Asset
Abu Dhabi National Oil Company (Adnoc) has started crude oil production from its Belbazem offshore block, approximately 74.6 miles (120 kilometers) northwest of…
Crude Oil
Russia Will Cut Oil Output in Q2 to Catch up With Other OPEC+ Countries
A working oil pumpjack in Taft Kern County California US September 21, 2023. — AFPRussia has decided to focus on reducing oil output rather than exports in the…
Crude Oil
US Crude Output Falls 6% in January Due to Severe Cold, EIA Says
An aerial view of an oil tanker and storage tanks at Exxon Mobil’s Beaumont oil refinery, which produces and packages Mobil 1 synthetic motor oil, in Beau…
Oil & Gas Trade
Asia Crude Imports Surge as China, India Snap up Russian Oil
A general view of a crude oil importing port in Qingdao, Shandong province, November 9, 2008. A Chinese industry body said it could review rules covering the im…
Crude Oil
US Crude and Gasoline Stockpiles Fall as Refining Ramps Up - EIA
An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.…
Oil & Gas Trade
US Leads Global Oil Production for Sixth Straight Year- EIA
Very Large Crude Carriers (VLCCs) line up at the Port of Corpus Christi, where they are being loaded with crude oil for shipping worldwide, in this handout pict…
Oil&Gas Drilling
US Drillers Cut Oil and Gas Rigs for First Time in Three Weeks - Baker Hughes
Dust blows around a crude oil pump jack and flare burning excess gas at a drill pad in the Permian Basin in Loving County, Texas, U.S. November 25, 2019. REUTER…
Oil Pipeline
TC Energy's Keystone Oil Pipeline Restarts After Going Offline
The route of the Keystone XL crude oil pipeline lies idle through a farmer's field near Oyen, Alberta, Canada February 1, 2021. REUTERS/Todd Korol/File Phot…
Oil Exploration
FG Eyes 2.5 Million Barrels Daily Oil Production
Brent, the global benchmark for crude oil, witnessed a rise in price in the past three days, crossing $84/barrel on Friday, after trading for an average of $80/…
Oil & Gas Supply
Russia Says to Deepen Oil Output Cuts While Easing Export Limits
Fuga Bluemarine crude oil tanker lies at anchor near the terminal Kozmino in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tati…
Crude Oil
Biden Administration Slowly Replenishes Strategic Oil Reserve
The Bryan Mound Strategic Petroleum Reserve, an oil storage facility, is seen in this aerial photograph over Freeport, Texas, U.S., April 27, 2020. REUTERS/Adre…
Oil&Gas Drilling
Metamorphic Rock Oilfield in Bohai Sea Sees Cumulative Proven Reserves Over 200 Mln Cubic Meters
China's largest offshore crude oil and natural gas producer announced Sunday that the cumulative proven oil and gas reserves of its Bozhong 26-6 oilfield ha…
Crude Oil
Exclusive: Biden Administration to Approve E15 Gasoline Expansion Starting in 2025, Sources Say
A sign advertising E15, a gasoline that contains 15% ethanol, is seen at a gas station in Clive, Iowa, United States, May 17, 2015. REUTERS/Jim Young Purchase L…
Oil & Gas Trade
Russia's Crude Oil Delivery Problems to India Aren't Over Yet
A worker guides drilling pipes at a gas drilling rig on the Gazprom PJSC Chayandinskoye oil, gas and condensate field, a resource base for the Power of Siberia …
Oil & Gas Trade
US Awards SPR Contracts Worth $229.5 Million to Exxonmobil, BP, Others
The Biden administration has awarded Strategic Petroleum Reserve (SPR) contracts for 2.95 million barrels of oil worth about $229.5 million to four companies, t…
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