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Crude oil
Crude Oil
India Records Lowest Crude Oil Production in at Least 18 Years
India's domestic crude production will fall to 32.173 million tonnes in 2019-2020.
Crude Oil
BPCL Kochi Refinery Takes Steps to Maintain Petroleum Products Supply
Although the COVID 19 outbreak hit demand for gasoline, diesel, fuel oil, asphalt, aviation turbine fuel (ATF) and other petroleum products.
Crude Oil
The Oil Industry's Recovery Lacks One Important Ingredient
The global glut of oil and gas is growing, caused in part by a global blockade by coronavirus.
Crude Oil
Mexico’s Offshore Oil Investment Set To Plunge Despite Government Pledges
Demand for offshore equipment and services is set to drop by an average of 14 percent through 2025, according to the analysts.
Crude Oil
India Dips in to Weakened Crude Market to Fill up its Strategic Oil Reserves
Ministry of petroleum and natural gas has mandated ISPRL to work closely with public sector oil companies including MRPL to achieve the target of filling up Man…
Crude Oil
Demand for OPEC Oil Falls to 30-Year Low
The sharp contraction in global oil demand amid lockdowns and stalled industrial activity will lead to the lowest demand for OPEC crude in more than thirty year…
Crude Oil
Oil Demand Won’t Bounce Back Anytime Soon
Oil demand is expected to be down by nearly 30 million barrels per day (mb/d) in April and down by almost 10 mb/d for the entire year, according to the latest e…
Oil Price
Oil Prices Sink On Record Breaking 19.2 Million Barrel Crude Build
A day after the American Petroleum Institute estimated crude oil inventories had added more than 13 million barrels, the Energy Information Administration confi…
Crude Oil
Oman's Daily Oil Production Up 12.83% in March
Oman's oil ministry said in a statement that the country's daily oil production increased by 12.83% month on month in March this year.
Oil & Gas Trade
Crude Cuts: Nigeria to Earn $10.61bn in Eight Months
Nigeria may earn about $10.61bn from crude oil sales between May and December this year following latest decision by members and non-members of the Organisation…
Crude Oil
Kazakhstan to Cut Oil Production by 390,000 Barrels Per Day
Kazakhstan will reduce oil production by 390,000 barrels per day for a period of two months under the OPEC + agreement.
Crude Oil
China's March Crude Oil Imports Rose 4.5 Per Cent y/y on Stockpiling
China's crude oil imports in March rose 4.5 per cent from a year earlier, according to official customs data.
Oil Price
Saudi Arabia Cuts May Crude Prices to Asia by $4.2 Per Barrel
Saudi Arabia's state oil giant Aramco has set the May price for its Arab light crude oil to Asia at a discount of $7.3 to the Oman/Dubai average.
Oil&Gas Drilling
Non OPEC+ Crude Oil Supply Cuts
The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, agreed on Sunday to reduce output by 9.7 million barrels per day (bpd).
Crude Oil
Opec+ Plans to Cut Output by 20mn bpd: Trump
Top global oil producers are considering slashing output by 20mn barrels a day under the terms of a deal to boost prices, US President Donald Trump said on Mond…
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