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Oil & Gas Trade
Angolan Crude Exports Confirmed Lower in February
The final version of Angola's February crude loading programme sets exports at 1.13mn b/d, down from 1.18mn b/d scheduled for January.
Natural Gas
PetroChina to more than Double Sichuan Shale Gas Output by 2025
That will surpass a target set by Sinopec, which led China's shale gas development with the first commercial find at Fuling, also in the Sichuan basin, and whic…
Crude Oil
Video: China's Largest Oil-and-Gas Field Reports Record Output
China's largest oil-and-gas field has produced over 60 million tonnes of oil equivalent of crude oil and natural gas so far this year, hitting a record high.
Crude Oil
Oil Price Rally Fades as OPEC’s Plans Overshadow U.S. Stimulus
A brief rally in crude oil deflated Monday as investors ignored a broader market surge that pushed equities to an all-time high and focused instead on looming n…
Crude Oil
Novak Says Russia Backs OPEC+ 500,000 bpd Oil Output Hike from February
Russia expects to support an increase in oil production by the group, known as OPEC+, of another 500,000 barrels per day from February at next month’s summit o…
Crude Oil
Iraq Works to Boost Southern Crude Export Capacity
Iraq's oil ministry is working to boost the country's crude oil storage capacity at the southern port of al-Faw as part of plans to nearly double its southern o…
Oil Field
China's Changqing Oilfield Exceeds 60 million tonnes of Annual Output
Changqing Oilfield, China's largest oil-and-gas field, has produced over 60 million tonnes of oil equivalent of crude oil and natural gas so far this year to hi…
Crude Oil
Talos Continues Talks With Pemex Over Massive Shared Oil Discovery Off Mexico
Talos Energy, leading a consortium of foreign oil companies, discovered the large Zama oil deposit in 2015.
Crude Oil
UAE Projects a Gradual Oil Demand Recovery in 2021
The United Arab Emirates is optimistic about a recovery in oil demand in 2021, but says it won’t be immediate.
Crude Oil
Rystad Expects 2021 to Bring Largest Crude Deficits in Years
The Covid-19 pandemic has devastated crude and condensate demand in 2020, creating massive supply surpluses and filling up inventories, causing producers to sla…
Crude Oil
Petrobras on New Well in Búzios Field
Petrobras has confirmed oil of excellent quality with the drilling of well 9-BUZ-48D-RJS, located in the extreme northwest of Búzios field in the Santos Basin.
Crude Oil
Russia’s Crude Oil Exports Drop 10% In January-October
Due to lower demand and the OPEC+ deal, Russia’s crude oil exports declined by 10.4 percent in volume year over year in January to October, data from the Russi…
Crude Oil
China Issues Higher Oil Import Quotas For 2021
China has issued the first round of crude oil quotas for next year, and it is 18 percent higher than the respective round for 2019, citing unnamed sources in th…
Crude Oil
India's Crude Oil Production Slips 5 pc in November
Crude oil production in November at 2.48 million tonnes was lower than 2.61 million tonnes produced in the same month a year back
Oil Price
Oil Tumbles As New Virus Strain Revives Demand Fears
Oil prices tumbled on Monday as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions in Europe sparked wor…
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