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Belt and Road
Crude
Crude Oil
US Eases Downhole Commingling Policy to Boost Oil Production
The United States Department of the Interior (DOI) has revised its policy to increase the allowable pressure differential for single-wellbore oil production fro…
Crude Oil
Guyana’s Q1 Oil Output Rises 3% Yr/Yr to 631,000 Bpd
Guyana’s oil production in March 2025 dropped by about 3% to 627,000 barrels per day (bpd) from the previous month, according to data from the country&rsq…
Crude Oil
SINOPEC Launches Training Program for Over 800 Ugandans
SINOPEC, a Chinese company tasked with constructing Uganda’s Central Processing Facility (CPF), launched a training program on Wednesday to enhance the sk…
Crude Oil
Venezuela Launches Blend 22 Crude Exports Ahead of Us Licenses Expiry
Venezuela will launch exports of a new medium crude blend, Blend 22, this month from its Western fields, aiming to maintain oil revenue as U.S. licenses for its…
Crude Oil
Contract With Allseas Takes Vallourec to One of World’s Largest Deepwater Fields
French company Vallourec, a provider of tubular solutions, has secured a significant contract with Allseas to supply line pipes for the Búzios 10 offshor…
Crude Oil
MODEC Secures Exxonmobil Contract for Hammerhead FPSO in Guyana
MODEC, a global leader in offshore floating solutions, has secured a contract from ExxonMobil Guyana Limited to develop a Floating Production, Storage, and Offl…
Crude Oil
Chevron and TotalEnergies Flow First Oil & Gas From Gulf of America Project
Chevron, a U.S.-based energy company, and TotalEnergies, headquartered in France, have initiated oil and gas production at the Ballymore deepwater project in th…
Crude Oil
U.S. Crude Production Rose by 2% in 2024, Mostly From Permian, EIA Finds
In 2024, U.S. crude oil production increased by 270,000 barrels per day (bpd), reaching an average of 13.2 million bpd, according to the U.S. Energy Information…
Oil Price
Azerbaijani Oil Moves up in Price
On April 18, the price of Azerbaijan’s Azeri Light crude oil, delivered on a CIF basis to the Italian port of Augusta, rose by $0.88, a 1.28 percent incre…
Crude Oil
Qatar Raises June Term Price for Al-Shaheen Oil, Sources Say
QatarEnergy has raised the term price for al-Shaheen crude oil for June-loading cargoes, setting it at a $1.76 per barrel premium above Dubai quotes, according …
Biofuel
Malaysia Keeps May Crude Palm Oil Export Duty at 10%, Lowers Reference Price
Malaysia has set its export tax for crude palm oil at 10% for May, according to a circular published on the Malaysian Palm Oil Board website on Tuesday. The cou…
Metal
China March Crude Steel Output Jumps on Decent Margins, Rising Exports
In March 2025, China’s crude steel production increased by 4.6% compared to the previous year, reaching 92.84 million metric tons, according to data relea…
Oil Price
JP Morgan Cuts Oil Price Forecasts on Weak Demand, Higher Output
JP Morgan recently revised its oil price forecasts for 2025 and 2026, pointing to increased OPEC+ production and reduced global demand. The bank lowered its 202…
Crude Oil
Trio Petroleum Acquires Cash Flow-Positive Oil Assets in Saskatchewan, Canada
Trio Petroleum, a California-based oil and gas company, has finalized the purchase of petroleum and natural gas assets from Novacor Exploration in the Lloydmins…
Crude Oil
China’s Crude Oil Imports Highest Since August 2023 on Iranian Surge
China's crude oil imports in March reached 51.41 million metric tons, equivalent to 12.1 million barrels per day (bpd), according to data released by the Ge…
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