Crude

Crude Oil
U.S. Oil Production Still 2 Million Bpd Under Pre-Pandemic Levels
The EIA might be forecasting that the Permian Basin’s oil production will be rebounding soon, but overall, today’s U.S. oil production is still 2 million barr…
Oil Price
Crude Oil will Climb Above $70; Energy Security could Reappear on the Radar
Crude oil prices could shift higher again once the market shakes off the latest bout of coronavirus jitters
Crude Oil
Brazil Crude Exports at Eight-Month High in March
Brazilian crude exports climbed to around 1.54mn b/d in March, an almost 17pc increase over February and the highest volume since July 2020.
Oil Price
Oil Falls, Ending Week About 2% Lower on Supply increase, and New Lockdowns
Oil prices settled lower on Friday and fell around 2% last week as production increases and renewed COVID-19 lockdowns in some countries, offset optimism about …
Oil Exploration
Eni’s Latest Oil Discovery Could Be Big For Angola
Italian firm Eni has made a new light oil discovery off the coast of Angola after exploration activities recommenced following a year of pandemic restrictions.
Oil Pipeline
Uganda, Tanzania Sign Oil Pipeline Project Agreement
1,440 km crude oil pipeline will be constructed from Uganda's Albertine region to Tanzanian seaport of Tanga
Oil & Gas Trade
Libya’s Largest Oilfield Could See Exports Interrupted
The largest oilfield in Libya, the 300,000-bpd Sharara field, could see crude oil exports from it disrupted if members of the Petroleum Facilities Guard follow …
Oil Field
Southeast Asia Looks To Increase Offshore Oil Production
Malaysia and Brunei have signed an agreement to develop two offshore oil fields on the maritime boundary, with greater exploration of recent ultra-deepwater dis…
Oil Field
CNOOC Sees Minimal Output hit from China Oil Field Fire
China's state-controlled CNOOC expects a fire at one of its offshore platforms earlier this week to reduce crude production by around 600,000 bl this year.
Crude Oil
UAE Presents Phenomenal Plan To Boost Its Position As Oil Hub
The first of these developments - announced by UAE Vice President and Prime Minister, Sheikh Mohammed bin Rashid Al Maktoum, vice president and prime minister o…
Crude Oil
OPEC Is Betting Big On Robust Oil Demand Recovery
Last week’s surprise decision from OPEC+ to ease the production cuts by a cumulative 2 million barrels per day by July relies on expectations of robust oil dem…
Oil & Gas Trade
Oman Oil Exports Stage Strong Rebound in March
Oman's oil exports rebounded from a 19-month low in February to average 776,000 b/d in March, according to energy ministry data.
Crude Oil
OPEC Meeting: Saudis Look To Unwind Unilateral Output Cuts
Oil prices gave up earlier gains and turned lower as of 11:39 a.m.
Crude Oil
Saudi Wants OPEC+ to Extend Oil Cuts into June, Source Says
After steady oil price gains earlier this year, OPEC and its allies, known as OPEC+, had hoped to ease output cuts
Oil & Gas Trade
Suez Canal Logjam Barely Impacts Russian Urals Exports, Says Energy Ministry
The Russian Energy Ministry said March 29 that the logjam in the Suez Canal has barely impacted exports of Russia's key crude grade Urals, which uses other deli…

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Crude

U.S. Oil Production Still 2 Million Bpd Under Pre-Pandemic Levels

Crude Oil will Climb Above $70; Energy Security could Reappear on the Radar

Brazil Crude Exports at Eight-Month High in March

Oil Falls, Ending Week About 2% Lower on Supply increase, and New Lockdowns

Eni’s Latest Oil Discovery Could Be Big For Angola

Uganda, Tanzania Sign Oil Pipeline Project Agreement

Libya’s Largest Oilfield Could See Exports Interrupted

Southeast Asia Looks To Increase Offshore Oil Production

CNOOC Sees Minimal Output hit from China Oil Field Fire

UAE Presents Phenomenal Plan To Boost Its Position As Oil Hub

OPEC Is Betting Big On Robust Oil Demand Recovery

Oman Oil Exports Stage Strong Rebound in March

OPEC Meeting: Saudis Look To Unwind Unilateral Output Cuts

Saudi Wants OPEC+ to Extend Oil Cuts into June, Source Says

Suez Canal Logjam Barely Impacts Russian Urals Exports, Says Energy Ministry