Crude oil

Crude Oil
Libya Targets 1.45mn b/d Oil Output by Year-End
Libya aims to increase its oil output to 1.45mn b/d by the end of the year, a level not achieved since 2012.
Oil & Gas Supply
COVID-19 And Electrification Bring Hydrocarbon Demand Peak Forward To 2027, Says McKinsey & Company
The pandemic has resulted in a profound reduction in energy demand, from which McKinsey expects it will take between one to four years to recover – with electr…
Crude Oil
Oil Price Settles Near $70 as Traders Shrug off Saudi Terminal Attack
Brent oil erased gains as the market shrugged off an attack on the world’s largest crude terminal in Saudi Arabia.
Oil Price
Oil up Nearly 5% on Possible Extension of Saudi Output Cuts
Oil prices rose nearly 5% on Thursday on a possible extension of voluntary output cuts by Saudi Arabia into April, as OPEC ministers and their allies continued …
Crude Oil
Oil Prices Rally to Highest Since 2019 After Opec+ Extends Output Curbs
Brent may trade as high as $80 a barrel in the second half of 2021, analysts say
Crude Oil
OPEC, Allies Agree to Keep Oil Output Steady into April
The Organization of the Petroleum Exporting Countries (OPEC) and its allies agreed on Thursday to largely continue current production levels into April.
Crude Oil
Oil Extends Gains on OPEC+ Supply Restraint, Expected Demand Recovery
U.S. West Texas Intermediate crude futures climbed 17 cents, or 0.3%, to $64.00 at 0128 GMT, holding below a 13-month high hit on Thursday.
Crude Oil
PetroSA Merger to Form South African National Petroleum Company
In South Africa, the portfolio committee on mineral resources and energy was recently briefed by the department of mineral resources and energy on the merger of…
Crude Oil
Saudi Arabia And Russia Could Raise Oil Production By 1 Million Bpd
Saudi Arabia and Russia are talking about bringing back online 1 million bpd to the oil market, citing sources familiar with the matter.
Oil & Gas Trade
India Calls On OPEC+ To Ease Cuts And Stop Pushing Oil Higher
India is calling again on the OPEC+ coalition to boost production from April, because the world’s third-largest oil importer is not particularly happy with thi…
Crude Oil
Opec+ to Convene Amid Robust Recovery in Global Oil Prices
The group could raise output by 500,000 to 700,000 bpd
Crude Oil
OPEC+ Decision To Raise Output Could Keep U.S. Gasoline Under $3
Rallying oil prices in recent weeks have intensified speculation that this week the OPEC+ group will decide to put more oil on the market as of April to prevent…
Oil & Gas Trade
S.Korea's Feb Crude Oil Imports Slide 14.7% y/y - Preliminary Data
South Korea's February crude oil imports fell 14.7% to 73.6 million barrels from a year earlier, preliminary data from the Ministry of Trade, Industry and Energ…
Crude Oil
Oman Starts New Energy Company As it Seeks to Leverage Oil Block
New government-owned Omani energy company is established as it seeks to use its largest oil block to raise debt
Crude Oil
Oil Prices Reach One-Year High As Global Crude Supplies Shrink
Oil surged to the highest in more than a year as the market looks ahead toward an accelerating decline in global inventories and a comeback in demand.

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Crude oil

Libya Targets 1.45mn b/d Oil Output by Year-End

COVID-19 And Electrification Bring Hydrocarbon Demand Peak Forward To 2027, Says McKinsey & Company

Oil Price Settles Near $70 as Traders Shrug off Saudi Terminal Attack

Oil up Nearly 5% on Possible Extension of Saudi Output Cuts

Oil Prices Rally to Highest Since 2019 After Opec+ Extends Output Curbs

OPEC, Allies Agree to Keep Oil Output Steady into April

Oil Extends Gains on OPEC+ Supply Restraint, Expected Demand Recovery

PetroSA Merger to Form South African National Petroleum Company

Saudi Arabia And Russia Could Raise Oil Production By 1 Million Bpd

India Calls On OPEC+ To Ease Cuts And Stop Pushing Oil Higher

Opec+ to Convene Amid Robust Recovery in Global Oil Prices

OPEC+ Decision To Raise Output Could Keep U.S. Gasoline Under $3

S.Korea's Feb Crude Oil Imports Slide 14.7% y/y - Preliminary Data

Oman Starts New Energy Company As it Seeks to Leverage Oil Block

Oil Prices Reach One-Year High As Global Crude Supplies Shrink