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Crude Oil
Mercuria Sees Opec+ Control Keeping Crude Around $70/bl
Crude prices are likely to stay at about $70/bl "for a while", as Opec+ will use some of its spare capacity and boost production if prices top $75/bl in order t…
Crude Oil
Pharos Energy Finds Oil in Two Reservoirs at Egyptian Well
The Batran-1X commitment exploration well was drilled 4 kilometers west of the Main Tersa-1X well
Crude Oil
Minnesota Court Affirms Approval of Line 3 Oil Pipeline
The Minnesota Court of Appeals on Monday affirmed state regulators' key approvals of Enbridge Energy’s Line 3 oil pipeline replacement project, in a dispute th…
Oil Price
Oil Steadies After Hitting 2-yr High as Demand Hopes Face Supply Growth
Oil prices ended mostly unchanged on Monday, after hitting their highest levels in more than two years, as growing U.S. crude production and Britain's delayed C…
Oil & Gas Trade
Oil to Trade Between $68 and $75 in Second half of 2021 Amid Rising Demand, Iraq Minister Says
Crude prices have increased due to supportive Opec+ policies and growing demand as economies reopen
Oil Pipeline
Video: Uganda, Tanzania Sign a Deal to Construct Longest Heated Crude Oil Pipeline
Uganda and Tanzania have signed a deal that will mark the start of the construction of the longest heated crude oil pipeline in the world.
Oil & Gas Supply
Uganda Stands to be one of Sub-Saharan Africa’s Top Five Oil Producers by 2025
With the East African Oil Pipeline project recently getting the go-ahead, Uganda is set to produce its first oil as early as 2025 and production in the next fiv…
Oil Pipeline
Keystone Pipeline Cancelled After Biden Blocks Permit
Construction on pipeline began last year when former president Donald Trump revived the long-delayed project
Crude Oil
Iran Projects 90 Days to Hit 4 million Barrels of Daily Oil Output Once Sanctions are lifted
Iran plans to restore the bulk of its crude oil production within one month of the easing of U.S. sanctions if world powers manage to broker the revival of the …
Oil Price
Oil Extends Advance Above $70 Amid Improving Demand Outlook
Oil extended gains above $70 a barrel after an industry report pointed to another draw in U.S. crude stockpiles, reinforcing optimism around the demand recovery…
OPEC
Russia Claims Its Compliance With OPEC+ Cuts Was Almost 100% In May
Russia was close to complying 100 percent with its oil production quota under the OPEC+ deal in May
Wind Power Project
Japan Looks To Become Leader In Wind Energy
Japan has notoriously been dependent on energy imports, being the world’s fifth-largest crude importer and second-largest LNG importer.
Crude Oil
Oil Extends Gains, Trading Above $70 on Upbeat Outlook
Prices are expected to be elevated in the coming months as economies recover from Covid-19 pandemic, analysts say
Crude Oil
Iraq's May Oil Exports Averaged About 2.9 mln bpd - Oil Ministry
Iraqi oil exports stood at about 2.9 million barrels per day (bpd) in May, little changed from the previous month, the country's oil ministry said on Tuesday.
Crude Oil
Nigeria’s Oil Revenues Slump 98% In April
Nigeria’s crude oil export revenues slumped by as much as 98 percent from March to April this year because of movements in the price of gasoline.

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