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Crude oil
Crude Oil
U.S. Big Company Oil Reserves up 13% Since 2017, Deals Drive Recent Growth -Study
U.S. oil reserves held by 50 large companies rose by 13% over the five years ended in December, according to an Ernst & Young report released on Wednesday, with…
Crude Oil
Latin America’s Crude Exports Drop In August
Exports of crude oil and condensates from Latin America, excluding Venezuela, have fallen so far in August compared to high levels in July
Crude Oil
More U.S. Sour Crude Heads to Germany to Replace Russia Oil
A second shipment of crude from a U.S. Gulf of Mexico offshore field has sailed for Germany, according to vessel tracking data and trade sources on Tuesday, as …
Crude Oil
Shell to Shut Gulf of Mexico Crude Pipes for 2 Weeks in September
Shell on Tuesday said it plans to shut for two weeks in September a key crude oil pipeline in Gulf of Mexico that supplies oil to Louisiana refineries.
Crude Oil
Barclays Sees Crude Surplus in Near-Term, Cuts Brent Price View
Barclays lowered its Brent price forecasts on Tuesday by $8 per barrel for 2022 and 2023, as it expects a large surplus of crude oil over the near-term due to "…
Crude Oil
Switzerland Considers Switching to Oil for Power Plants
Amid a looming energy crisis, Switzerland could turn to oil for electricity production in the winter in case of an emergency, Swiss Energy Minister Simonetta So…
Crude Oil
It’s Time for an Oil and Gas Boom in Africa
There are plenty of promising oil and gas opportunities in Africa, but the global transition away from carbon-intensive energy sources makes it a controversial …
Crude Oil
The Burgeoning Energy Partnership Between Azerbaijan and the EU
As the European Union continues to pursue new sources of energy to replace Russian oil and gas, it is expanding its energy partnership with Azerbaijan.
Crude Oil
Saudi Aramco Profit Soars on Higher Prices and Refining Margins
State oil giant Saudi Aramco on Sunday reported its highest quarterly profit since the company went public in 2019, boosted by higher oil prices and refining ma…
Crude Oil
Gulf Of Mexico Oil Outages Balloon Beyond Shell
At least two other oil majors shuttered their Gulf of Mexico platforms on Friday following a leak in the Fourchon booster station, shutting down the flow of cru…
Crude Oil
IEA Sees Higher Oil Demand This Year
IEA: global crude oil demand will rise by 2.1 million bpd.
Crude Oil
EIA Lowers U.S. Oil Production Forecast
The Energy Information Administration has lowered its forecast for crude oil production for this year and next, according to a new report.
Crude Oil
Japan Intends to Keep Stake in Sakhalin-1 Oil Project - Industry Minister
Japan intends to keep a stake in the Sakhalin-1 oil and gas project in Russia, industry minister Koichi Hagiuda said on Monday, after Russia temporarily banned …
Crude Oil
Adnoc Drilling Secures Contracts Worth $3.4BN to Boost Offshore Capacity
Contracts to help company expand its offshore drilling activities and boost production capacity
Oil Price
Oil Falls to Nearly 6-Month Lows After Surprise U.S. Crude, Gasoline Build
Oil prices slid about 4% on Wednesday to almost six-month lows, after U.S. data showed crude and gasoline stockpiles unexpectedly surged last week and as OPEC+ …
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