Crude oil

Oil Price
Oil Falls, Ending Week About 2% Lower on Supply increase, and New Lockdowns
Oil prices settled lower on Friday and fell around 2% last week as production increases and renewed COVID-19 lockdowns in some countries, offset optimism about …
Oil Exploration
Eni’s Latest Oil Discovery Could Be Big For Angola
Italian firm Eni has made a new light oil discovery off the coast of Angola after exploration activities recommenced following a year of pandemic restrictions.
Oil Pipeline
Uganda, Tanzania Sign Oil Pipeline Project Agreement
1,440 km crude oil pipeline will be constructed from Uganda's Albertine region to Tanzanian seaport of Tanga
Oil & Gas Trade
Libya’s Largest Oilfield Could See Exports Interrupted
The largest oilfield in Libya, the 300,000-bpd Sharara field, could see crude oil exports from it disrupted if members of the Petroleum Facilities Guard follow …
Oil Field
Southeast Asia Looks To Increase Offshore Oil Production
Malaysia and Brunei have signed an agreement to develop two offshore oil fields on the maritime boundary, with greater exploration of recent ultra-deepwater dis…
Oil Field
CNOOC Sees Minimal Output hit from China Oil Field Fire
China's state-controlled CNOOC expects a fire at one of its offshore platforms earlier this week to reduce crude production by around 600,000 bl this year.
Crude Oil
UAE Presents Phenomenal Plan To Boost Its Position As Oil Hub
The first of these developments - announced by UAE Vice President and Prime Minister, Sheikh Mohammed bin Rashid Al Maktoum, vice president and prime minister o…
Crude Oil
OPEC Is Betting Big On Robust Oil Demand Recovery
Last week’s surprise decision from OPEC+ to ease the production cuts by a cumulative 2 million barrels per day by July relies on expectations of robust oil dem…
Oil & Gas Trade
Oman Oil Exports Stage Strong Rebound in March
Oman's oil exports rebounded from a 19-month low in February to average 776,000 b/d in March, according to energy ministry data.
Crude Oil
OPEC Meeting: Saudis Look To Unwind Unilateral Output Cuts
Oil prices gave up earlier gains and turned lower as of 11:39 a.m.
Crude Oil
Saudi Wants OPEC+ to Extend Oil Cuts into June, Source Says
After steady oil price gains earlier this year, OPEC and its allies, known as OPEC+, had hoped to ease output cuts
Crude Oil
Start of Trading in Abu Dhabi's Murban Futures a 'New Era' for Global Oil Markets
onday start for contracts for future delivery of UAE's flagship crude listed on international commodities exchange at ADGM
Crude Oil
Santos Restarts Production from Offshore Field Trio
Australian energy giant Santos has restarted production from the Ningaloo Vision FPSO following scheduled maintenance in Singapore.
Crude Oil
Uganda Postpones Launch of the East African Crude Oil Pipeline to April
The Ugandan government has announced that it has pushed back the launch of the East African Crude Oil pipeline to April following the death of Tanzania’s presi…
Crude Oil
OPEC+ Will Keep A Lid On Oil Production
OPEC+ will likely decide to keep oil production essentially steady for another month.

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Crude oil

Oil Falls, Ending Week About 2% Lower on Supply increase, and New Lockdowns

Eni’s Latest Oil Discovery Could Be Big For Angola

Uganda, Tanzania Sign Oil Pipeline Project Agreement

Libya’s Largest Oilfield Could See Exports Interrupted

Southeast Asia Looks To Increase Offshore Oil Production

CNOOC Sees Minimal Output hit from China Oil Field Fire

UAE Presents Phenomenal Plan To Boost Its Position As Oil Hub

OPEC Is Betting Big On Robust Oil Demand Recovery

Oman Oil Exports Stage Strong Rebound in March

OPEC Meeting: Saudis Look To Unwind Unilateral Output Cuts

Saudi Wants OPEC+ to Extend Oil Cuts into June, Source Says

Start of Trading in Abu Dhabi's Murban Futures a 'New Era' for Global Oil Markets

Santos Restarts Production from Offshore Field Trio

Uganda Postpones Launch of the East African Crude Oil Pipeline to April

OPEC+ Will Keep A Lid On Oil Production