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Crude oil
Crude Oil
Uzbekistan Notes Decrease in Oil Production in 2024
Uzbekistan’s oil production volume amounted to 713,400 tons in 2024.Data obtained from the country's Statistics Agency reveals that this figure decrea…
Crude Oil
China Aims for Stable Crude Oil Production Above 200M Tons in 2025
Workers perform their tasks at an oil platform in Daqing Oilfield in Daqing, northeast China's Heilongjiang Province, Nov. 25, 2024.China aims for stable cr…
Crude Oil
Another Oil & Gas Discovery of ‘Great Importance’ Springs up Offshore Kuwait
Kuwait Petroleum CompanyKuwait’s state-owned E&P company Kuwait Petroleum Corporation (KPC) has confirmed a large hydrocarbon discovery at an offshore fie…
Crude Oil
Canada’s Stalled $12-Billion Oil Project Takes Step Forward With New FPSO Awards
Illustration of FPSO for Bay du Nord oil projectNorwegian state-owned energy giant Equinor has started the ball rolling to develop its controversial Bay du Nord…
Crude Oil
Algeria Strikes Deal with Chevron to Assess Offshore Oil
Algeria signed an agreement with US energy giant Chevron on Wednesday aimed at assessing potential offshore oil resources in the Mediterranean, according to the…
Crude Oil
Ecuador Eyes $42 Bln in Oil Sector Investments Through 2029
An infrastructure of Ecuador's state-run oil company Petroecuador is pictured outside of Nueva Loja, Ecuador May 3, 2022.Ecuador expects foreign oil compani…
Crude Oil
MODEC’s FPSO Staying Five More Years With Petrobras Offshore Brazil
FPSO Cidade de Angra dos Reis;Brazil’s state-owned oil and gas giant Petrobras has prolonged the assignment of a floating production, storage, and offload…
Crude Oil
China’s Crude Oil Imports May Grow 1% in 2025, CNPC Says
A 3D printed natural gas pipeline is placed in front of displayed CNPC (China National Petroleum Corporation) logo in this illustration taken February 8, 2022.C…
Crude Oil
Aker Solutions Wins Work on vår Energi’s Assets off Norway
Vår Energi's Ringhorne platform.Norway-based energy services provider Aker Solutions has signed a strategic partnership agreement with compatriot oil …
Oil Price
Azerbaijani Oil Prices Take Nosedive
The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta decreased by $0.53 on January 21 compared to the previous ra…
Crude Oil
Extreme Cold Disrupts North Dakota Oil and Natural Gas Production
The extreme North Dakota cold is known to disrupt several industries, including the production of oil and natural gas.As of Tuesday morning, oil production is e…
Crude Oil
Two Contractors Dead in Germany After Gas Cylinder Explosion at Bosch Site
Two contractors died after a gas cylinder exploded on the premises of Bosch, the world's largest car parts supplier, German police and the company said on T…
Crude Oil
Trump Says He’ll Fill US Strategic Oil Reserve ‘Right to the Top’
President Donald Trump said he plans to fill the US’s strategic oil reserve right to the top after it reached lows not seen since the 1980s under Presiden…
Crude Oil
Akakus Company Records Highest Crude Oil Production Rate in Seven Years.
Akakus Oil Company recorded yesterday the highest crude oil production rate, which it has not recorded in seven years, as its production reached 306,000 barrels…
Oil & Gas Trade
China’s Crude Oil Imports From Top Supplier Russia Reach New High in 2024
China’s crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023, while purchases from Saudi Arabia dropped 9%, data sho…
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