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Oil and Gas Equipment
OMV Petrom Commissions Largest Crude Oil Tank in Romania
OMV Petrom (BVB: SNP) announced it commissioned a new crude oil tank, the largest in Romania, on the Petrobrazi refinery platform to ensure the smooth operation…
Oil & Gas Trade
Saudi Arabia's Crude Exports Hit Nine-Month High in March
Miniatures of oil barrels and a rising stock graph are seen in this illustration taken January 15, 2024. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Lic…
Crude Oil
Romania's Crude Oil Production Down 3.4pct in Q1 2024, Imports Drop 15.1pct (Statistics)
In the first quarter of 2024, Romania produced 682,400 tonnes of oil equivalent (toe) of oil, 23,900 toe less (-3.4%) than in the same period of the previous ye…
Oil&Gas Drilling
Suriname's Oil Resources Seen Totaling Over 2 Bbbl, Wood Mackenzie Reports
Suriname’s discovered oil resources now total more than 2.4 Bbbl of crude and liquids, and the nation has more than 12.5 tcf of gas, according to Wood Mac…
Oil & Gas Trade
Pakistan, China Likely to Sign MoU on Petrochemical Refinery Next Month
During Prime Minister Shehbaz Sharif’s visit to Beijing in June, the governments of China and Pakistan are expected to sign a memorandum of understanding …
Oil & Gas Trade
India Signs Landmark 10-Year Agreement to Manage Strategic Iranian Port of Chabahar
India has signed a landmark 10-year agreement to manage the strategic Iranian port of Chabahar — a significant move that will help it crank up trade with Centr…
Oil & Gas Trade
Kuwait Petroleum Renews Oil Supply Deal With China's Unipec Until 2033
Kuwait Petroleum Corp (KPC) has renewed its contract to supply 300,000 barrels per day of crude oil to China's Unipec, the trading arm of Asia's largest…
Crude Oil
India Saved $25 Billion by Importing Russian Crude Oil: Ministry Data
Imports of petroleum products also saw a dip in terms of value from $28.2 billion in 2022-23 to $25.1 billion in 2023-24Russian crude supplies and lower interna…
Oil & Gas Supply
Russia Cuts Oil Production by Less Than Agreed Last Month, Bloomberg Says
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
US Has Sufficient Oil Supply Reserve to Address Any Supply Concerns, Biden Adviser Says
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
Shell Earns $1 Billion a Year From US Crude Trading, Court Filing Shows
A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James/File Photo Purchase Licensing RightsFinancial det…
Crude Oil
Mexico's Pemex Reverses Proposed Crude Export Cuts for May, Sources Say
The logo of Petroleos Mexicanos (Pemex) is pictured at the company's headquarters in Mexico City, Mexico July 26, 2023. REUTERS/Raquel Cunha/File Photo Purc…
Crude Oil
China's Crude Oil Output Increases in January-March
China's crude oil output posted steady growth in the first three months of this year, official data showed.The output totaled 53.48 million tonnes in the Ja…
Crude Oil
India's Crude Oil Imports Remain Stable at 232.5 Million Tons in Fy 2023-24
A crude oil tanker sails in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel/File Photo Purchase Licensing RightsIndi…
Oil & Gas Trade
India Raises Windfall Tax on Petroleum Crude
An Oil and Natural Gas Corp's (ONGC) well is pictured in an oil field on the outskirts of the western city of Ahmedabad, India, February 10, 2016. REUTERS/A…
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