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Oil Exploration
Nigeria Aims to Raise Oil, Condensates Output to 2.6 Mln Bpd by 2026
Nigeria's upstream oil regulator on Monday announced an annual oil and condensates production target of 2.6 million barrels per day (bpd) by 2026, an ambiti…
Crude Oil
India Hikes Windfall Tax on Crude Oil
Oil tankers are seen parked at a yard outside a fuel depot on the outskirts of Kolkata February 3, 2015. Picture taken February 3, 2015. REUTERS/Rupak De Chowdh…
Oil & Gas Trade
Qatar to Supply Crude Oil to Shell in Five-Year Deal
A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James/file photo Acquire Licensing RightsQatar has agre…
Oil & Gas Trade
Russia Exports Almost All Its Oil to China and India - Novak
A bulk carrier sails near the crude oil terminal Kozmino in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel/Files Ac…
Oil&Gas Drilling
U.S. Shatters Oil Production Records in 2023
The U.S. produced over 4.49 billion barrels of crude oil in 2019, and this record has been exceeded in 2023.The Energy Information Administration's data ind…
Oil & Gas Supply
Russia Plans to Cut Seaborne Oil Exports by 100,000-200,000 Bpd in Jan - Sources
The oil products tanker Nord and a bulk carrier sail near the crude oil terminal Kozmino in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 202…
Crude Oil
US Buys 2 Million Barrels of Oil for Strategic Petroleum Reserve
The U.S. bought 2.1 million barrels of crude oil, the Energy Department said on Tuesday, to help replenish the Strategic Petroleum Reserve (SPR) after the large…
Oil Exploration
Bangladesh Puts to Use China-Built Crude Oil Offloading Facility - Official
Bangladesh started in recent days a large crude oil receiving and offloading facility built by China that allows the south Asian oil importer to significantly r…
Crude Oil
Nigeria's Dangote Refinery Receives First Crude Cargo
A view of the newly-commissioned Dangote Petroleum refinery in Ibeju-Lekki, Lagos, Nigeria May 22, 2023. REUTERS/Temilade Adelaja/File Photo Acquire Licensing R…
Oil & Gas Trade
US Seeks to Buy Up to 3 Million Barrels of Oil for Strategic Petroleum Reserve
An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.…
Crude Oil
BP to Become Sole Owner of Lightsource BP
BP signed a deal to acquire the 50.03 percent ownership share in Lightsource BP that it does not already own.BP PLC has signed a deal to acquire the 50.03 perce…
Oil & Gas Trade
Elliott Takes $1 Bln Stake in US Oil Refiner Phillips 66, Urges Board Revamp
A general view of the Phillips 66 Company's Los Angeles Refinery, which processes domestic & imported crude oil into gasoline, aviation and diesel fuels, in…
Crude Oil
China Raises Fuel Oil Import Quotas by 3 Mln Tons for Non-state Firms
China has issued an additional 3 million metric tons in fuel oil import quotas in 2023 for non-state firms, according to a notice released by the country's …
Crude Oil
Nigeria Lost 3,000 Barrels of Crude to Offshore Spill – Nosdra
About 3,000 barrels of crude oil were lost to the November 15 oil spill from the offshore Egina Floating Production Storage and Offloading (FPSO) vessel of Tota…
Oil Price
Oil Down More Than 1% As Uncertainty Swirls Over Delayed OPEC+ Meeting
The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. Picture taken November 22, 2019. REUTERS/Ang…
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