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Oil & Gas Trade
Libya's NOC Blames UAE for Halt to Oil Output, Exports
Libya, with largest oil reserves in Africa, can produce 1.2 million barrels of crude oil per day.
Crude Oil
OPEC and Russia May Ease Oil Production Cuts
Saudi Arabia, the world’s largest oil exporter, and other major oil-producing countries are likely to increase their output in August.
Oil & Gas Trade
China Awards More Non-State Crude Import Quotas
China has issued a third batch of non-state crude import quotas for 2020, sending the amount awarded so far this year more than 10pc above the total for 2019.
Oil & Gas Trade
US Refiners Ramp Up Crude Imports from Mexico to 8-Year High
US crude oil imports from Mexico surged to the highest level in more than eight years last week as swelling inventories and a fire at the Latin American country…
Crude Oil
US Crude Stocks Build on Higher Imports, Distillates Inventories Hit 37-yr High: EIA
US crude oil stockpiles grew last week and inventories on the Gulf Coast hit a record high as imports from Mexico rose to an eight-year high.
Crude Oil
Libya Needs Months to Restore Output: Sanalla
Libya's crude production will take months to return to near the 1.22mn b/d achieved prior to blockades that froze all of the country's onshore crude output in J…
Crude Oil
Exxon Is Big Oil's Outlier In The Post-Pandemic World
While oil majors stuck to spending discipline after the 2015-2016 price crash, ExxonMobil was the one to stand out from the crowd as it increased capital expend…
Crude Oil
New Zealand Cuts 2020 Oil Output Forecast
New Zealand has cut its 2020 upstream output forecast slightly, but now sees its existing oil and gas reserves lasting for longer than previously planned.
Crude Oil
Brazil's Oil Output Grows by 7.8% in 2019
Brazil's oil output grew by 7.8 percent in 2019 compared with the year before, averaging 2.8 million barrels a day.
Crude Oil
Saudi Prince Phones Nigeria to Bring Them in Line with OPEC+ Cuts
Saudi Arabia, de facto leader of the OPEC cartel, held a call with fellow member Nigeria as the organization strives to deliver production cuts aimed at bolster…
Crude Oil
How the Fed Bailed Out U.S. Oil And Gas
he Trump administration has taken dozens of actions during the Covid-19 pandemic to benefit the oil and gas industry.
Crude Oil
Iraq to Review Some Oil Contracts at High-Cost Fields
Iraq is reviewing oil contracts with some companies operating fields where costs are high, in order to reduce expenses while cutting production.
Crude Oil
UAE's Adnoc Rolls Over Crude Nomination Cuts in August
Abu Dhabi's state-owned Adnoc will continue to apply 5pc cuts to client nominations for August-loading volumes of the company's four main grades.
Oil Price
Oil Prices Advance on Growing Fuel Demand, Even As U.S. Coronavirus Cases Jump
Extending gains on optimism about a recovery in fuel demand worldwide, despite a surge in coronavirus infections in some U.S. states and signs of a revival in U…
Crude Oil
Equatorial Guinea Adopts New Petroleum Regulation
Equatorial Guinea’s Ministry of Mines and Hydrocarbons has announced the adoption of the new Regulation of Petroleum Operations Regulation.
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