Crude oil

Oil Pipeline
Uganda and Tanzania Sign $3.5bn Oil Pipeline Deal
Tanzania and Uganda have signed an agreement allowing for the construction of a 1,445 km crude oil pipeline.
Oil Price
Russia’s Central Bank Warns That Oil Could Slide To $25
Russia’s central bank has warned that crude oil prices could slump to $25 in its risk scenario for monetary policy over the next three years, TASS reports.
Crude Oil
COVID-19 Forces Libyan Oil Companies To Halt Operations
Two of Libya’s National Oil Company affiliates on Monday sent some oil workers home and halted some work due to the spread of Covid-19, according to a NOC stat…
Crude Oil
Mexico CoMexico Could Be Forced To Cut Oil Production Target For 2021
Mexico will likely cut its crude oil production targets for next year, citing a ruling party lawmaker in Mexico.
Crude Oil
OPEC Production Rises By 950,000 Bpd In August
OPEC produced more oil in August than it did in July as the cartel continued to relax its production cuts, a Reuters survey has revealed, with recovering demand…
Crude Oil
Refining Capacity at Iraq's Baiji to Double in Months
Iraq is currently processing more than 75,000 b/d of crude at its Baiji refining complex, which could increase to as high as 140,000 b/d in the "next few months…
Crude Oil
Angola Aims to Ramp up Oil Production
Angola, Africa’s second-largest oil producer after Nigeria, will need foreign and government investments to discover up to 57 billion barrels of crude oil by 2…
Oil & Gas Trade
Iraq Cuts Oil Exports in August, Pumps Below OPEC+ Target
Iraq's crude oil exports have fallen so far in August, according to shipping data and industry sources
Oil & Gas Trade
U.S. Oil Exports to China Soar 139% in July
U.S. crude oil exports to China grew by 139 percent on the year in July thanks to bargain hunting among Chinese buyers, making the U.S. the fifth-largest suppli…
Crude Oil
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 Trade
US Slashes Nigerian Oil Imports by 11.67m Barrels
The United States slashed its imports of Nigerian crude oil to 9.37 million barrels in the first five months of this year, 11.67 million barrels lower than what…
Crude Oil
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…
Crude Oil
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.
Nigeria
NPDC Planning 500,000 barrel of Crude Oil Per Day
Group Managing Director of the Nigeria National Petroleum Corporation, Mele Kyari, has assured that the Nigeria Petroleum Development Company will scale up its …
Crude Oil
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.

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Crude oil

Uganda and Tanzania Sign $3.5bn Oil Pipeline Deal

Russia’s Central Bank Warns That Oil Could Slide To $25

COVID-19 Forces Libyan Oil Companies To Halt Operations

Mexico CoMexico Could Be Forced To Cut Oil Production Target For 2021

OPEC Production Rises By 950,000 Bpd In August

Refining Capacity at Iraq's Baiji to Double in Months

Angola Aims to Ramp up Oil Production

Iraq Cuts Oil Exports in August, Pumps Below OPEC+ Target

U.S. Oil Exports to China Soar 139% in July

Iraq Pledges to Deepen Oil Output Cuts in August, September

US Slashes Nigerian Oil Imports by 11.67m Barrels

India’s July Crude Imports Fall to Decade Low

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

NPDC Planning 500,000 barrel of Crude Oil Per Day

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