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Crude Oil
Video: 100,000-Metric-Tonne Deep-Water Facility Delivered for Offshore Oil Production in S. China
A 100,000-metric-tonne deep-water semi-submersible oil production and storage facility has been delivered to China's largest offshore oil producer, China Nati…
Crude Oil
US Oil Industry Braces for Biden Takeover
The threat of reduced access to federal lands and new rules on infrastructure could prompt the sector to offer alternative green initiatives, writes Chris Knigh…
Crude Oil
Norway Sees Crude Output at 2mn b/d in 2025
Crude production offshore Norway will increase to more than 2mn b/d in 2025 from 1.7mn b/d now, much of it from the giant Johan Sverdrup field, the Norwegian Pe…
Crude Oil
Global Oil Demand is Forecast to Increase by 5.9 million bpd in 2021 Amid Economic Recovery
The US supply forecast was revised up as oil prices trade higher, according to Opec
Crude Oil
Sudan, South Sudan Reach Deal to Ramp up Oil Production to 300,000 BPD
South Sudan and Sudan have reached a deal to increase oil production from the current 170,000 barrels per day to 300,000 BPD within the next three years from 20…
Crude Oil
OPEC Sees Oil Demand Rise To 95.9 Million Bpd In 2021
Global oil demand is set to rise by 5.9 million barrels per day (bpd) in 2021 from an estimated average demand of 90 million bpd in 2020, OPEC said on Thursday
Crude Oil
Altrad Snaps up Contracts Worth £30m for Work at Major Oil Refinery
Industrial services giant Altrad has signed two long-term contracts with a major oil refinery on the east coast of England, worth an estimated £30 million.
Crude Oil
PetroChina's Overseas Oil and Gas Equity Production Exceeded 100 million tons
This is another 100 million tons after the overseas oil and gas equity production equivalent exceeded the 100 million tons mark for the first time in 2019.
Crude Oil
Iran Signs 8 more Oil Projects as Part of plan to Boost Output by 355,000 b/d
The National Iranian Oil Co. on Jan. 11 signed eight more oil projects as part of a $6.2 billion national program started in January 2019 to boost oil productio…
Crude Oil
Almost Half of South Africa’s Oil Refining Seen Shut Until 2022
South African plants owned by Glencore and Petroliam Nasional that make up 43% of the nation’s oil-refining capacity are expected to stay shut until at least 2…
Crude Oil
OPEC Crude Output Cuts Should Help U.S. Shale Profits in 2021
U.S. crude oil production has fallen 2 million barrels per day in the last year as low prices and demand forced shale producers to cut their losses
Crude Oil
Floating Oil Storage Shrinks Amid Robust Asian Demand
Global floating oil storage declined at a fast pace in December as traders sold crude held on tankers in the absence of price incentives to store it and in orde…
Crude Oil
Petrobras Sets Oil Production Record in 2020
Robust Chinese demand for pre-salt crude buoyed Brazil' state-controlled Petobras in 2020, helping spur record output of 2.28mn b/d of oil.
Crude Oil
Japan Imported 19 million Barrels of Crude Oil from the UAE in November
Japan imported 19 million barrels of crude oil from the UAE in November 2020, accounting for 27.5 percent of Japan's total crude oil imports that month.
Crude Oil
IRAQ DATA: Dec Oil Production up 4.7%, Breaching OPEC+ Quota
OPEC's second-largest producer had a 3.804 million b/d quota for December under the OPEC+ deal.
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