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Second Russian Oil Ship Docks at Karachi Port
WORKERS moor the vessel carrying Russian oil at the Karachi Port, on Tuesday.—Courtesy KPTJust two weeks after the arrival of the first-ever Russian oil ship c…
Oil Price
Russian Oil Prices Remain Below G-7 Cap but $900-A-Month Delivery Mystery Remains
Russia’s main crude grade is still selling well below international benchmarks — and a Group of Seven-imposed price cap — but a huge amount of money for…
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…
Oil Field
Pertamina and Partners to Invest $800M in Algerian Oil Field
The Menzel Lejmat Nord oil field in Algeria has a production capacity of 35,000 barrels of crude per day. (Photo courtesy of Pertamina)JAKARTA -- Indonesian sta…
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…
Oil&Gas Drilling
Oil Posts Second Weekly Decline as Demand Concerns Overshadow Saudi Cut
BENGALURU: Oil prices fell more than a dollar a barrel on Friday to record a second straight weekly decline, as disappointing Chinese data added to doubts about…
Crude Oil
Crude Oil Prices Impacted by Weak Data From China
China’s trade balance came down to $65.81 billion in May against $90.21 billion in June. May’s trade balance numbers were below the market expectati…
United Kingdom
Harbour Energy’s Viking CCS Project Aims to Transform the Humber into UK’s Leading CCS Hub
Carbon Capture and Storage (CCS) can play a major role in achieving net zero across the UK and the world. CCS is necessary to capture and store the carbon dioxi…
Crude Oil
Matahio Energy completes acquisition of onshore assets in New Zealand
TARANAKI, New Zealand, June 6, 2023 - (ACN Newswire) - Matahio Energy has completed the acquisition of a portfolio of six onshore oil and gas licenses in the Ta…
Oil Price
Saudi Arabia Goes It Alone at OPEC+ With Million-Barrel Cut
Sausi Arabia's Prince Abdulaziz bin SalmanSaudi Arabia will make an extra 1 million barrel-a-day oil supply cut in July, taking its production to the lowest…
Crude Oil
Saudi Arabia to Cut Oil Output by 1 Million Barrels per Day to Boost Slumping Prices
The logo of the Organization of the Petroleoum Exporting Countries (OPEC) is seen outside of OPEC's headquarters in Vienna, Austria, on March 3, 2022. (…
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