Crude

Crude Oil
Aramco Aims to Boost Production Capacity to 13 Million Bpd
The world’s largest oil company is looking to raise its production capacity by an extra million barrels per day.
Oil & Gas Trade
Iran Moves from Oil to Petrochemicals in Export
Country launches 3 major petrochemical projects worth $1.6B to boost non-oil revenue.
Oil & Gas Trade
U.S. Sends Crude Oil To World’s Top Exporter Saudi Arabia
The U.S. sent in June its first crude oil shipment to Saudi Arabia since the ban on crude export was lifted in 2015, which was also the first shipment since one…
Crude Oil
Iraq Says Will Make Additional Oil Cuts in August
Iraq said on Thursday it would make an additional cut in its oil production of about 400,000 barrels per day in August.
Oil & Gas Trade
US Firm Secures Oil Deal with US-Backed Forces in Syria
A U.S. company has reportedly reached a deal with Kurdish-led authorities in northeast Syria to develop and export crude oil in areas under their control in the…
China
Asia Shrugs Off OPEC Supply Rise as Refiners Grapple with Crippled Demand
Middle Eastern sour crude supply is expected to increase this month after OPEC+ members on July 15 agreed to pare back their production cut commitment.
Crude Oil
Exxon: 20 Percent Of Global Oil And Gas Reserves may be Wiped Out
After a grim Q2 season for Big Oil, the world’s third-most valuable energy company is warning that 20% of the world’s oil and gas reserves may no longer be vi…
Oil & Gas Trade
China’s Crude Oil Imports Drop From Record Highs
China’s crude oil imports are estimated to have dropped in July by 3 percent from June, but they were still much higher than the import volumes in July 2019.
Azerbaijan Stuck to Opec+ Quota in July
Azerbaijan produced 553,800 b/d of crude last month, unchanged from June and fully in line with its Opec+ commitment, according to preliminary data from state-o…
Crude Oil
Russia is Raising Crude Oil Output as OPEC+ Cuts Ease
OPEC+ producers from Aug. 1 have agreed to slim their output cuts to 7.7 million barrels per day from 9.7 million bpd.
Crude Oil
Iran Clears Oil Spill in Northern Gulf Region
Iranian teams have cleaned up an oil slick near field in the northern region of the Gulf that had extended over a six-square-km area.
Oil Price
Oil steady as U.S. Stimulus Hopes Counter Demand Concerns
Oil prices were steady on Tuesday as hopes for additional U.S. measures to stimulate the economy countered a demand outlook dampened by rising of coronavirus ca…
Crude Oil
Indian Refinery Runs Edge Higher in June
Indian refining throughputs rose back above 4mn b/d in June in a partial recovery from the Covid-19 downturn, but remained well below year-earlier levels.
Oil Price
Oil Prices Edges up on Weak Dollar, U.S.-China Tensions Weigh
Brent crude LCOc1 was up 26 cents at $43.57 a barrel at 0944 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 was up 29 cents at $41.36.
Oil & Gas Trade
US Crude Floating Storage Shifts Toward Asia
Adds US crude export pricing context.

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Crude

Aramco Aims to Boost Production Capacity to 13 Million Bpd

Iran Moves from Oil to Petrochemicals in Export

U.S. Sends Crude Oil To World’s Top Exporter Saudi Arabia

Iraq Says Will Make Additional Oil Cuts in August

US Firm Secures Oil Deal with US-Backed Forces in Syria

Asia Shrugs Off OPEC Supply Rise as Refiners Grapple with Crippled Demand

Exxon: 20 Percent Of Global Oil And Gas Reserves may be Wiped Out

China’s Crude Oil Imports Drop From Record Highs

Azerbaijan Stuck to Opec+ Quota in July

Russia is Raising Crude Oil Output as OPEC+ Cuts Ease

Iran Clears Oil Spill in Northern Gulf Region

Oil steady as U.S. Stimulus Hopes Counter Demand Concerns

Indian Refinery Runs Edge Higher in June

Oil Prices Edges up on Weak Dollar, U.S.-China Tensions Weigh

US Crude Floating Storage Shifts Toward Asia