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Oil & Gas Trade
Oil may Hit $40 if Russia doesn’t Support Opec’s Production Cuts
In a volatile trading last week, crude oil prices touched one-month high and then fell back as coronavirus fears were back in the markets, with infection and de…
Crude
Libyan Oil Chairman Calls On U.S. To Help End Oil Blockade
The United States should step in and help lift the blockade of Libyan oil ports that has decimated the country’s oil production, the chairman of the National O…
Crude
Shell Looks To Expand Mars Crude Pipeline System
Shell Midstream Partners LP (NYSE: SHLX) announced that it is considering expanding its 163-mile-long Mars crude oil pipeline in the Gulf of Mexico, the company…
Crude
South Sudan Ignores Reports on Oil Pollution, Birth Defects
The oil industry in South Sudan has left a landscape pocked with hundreds of open waste pits, the water and soil contaminated with toxic chemicals and heavy met…
Crude
Guyana to Export Its First Share of Oil in Coming Days: Official
Guyana is getting ready to export in the coming days the first cargo of Liza crude entitled to the government as share of the oil produced by a consortium led b…
Crude
Russia Still Elusive On Deeper OPEC+ Oil Production Cuts
Russia is still reviewing the recommendation of the OPEC+ technical panel for additional cuts of 600,000 bpd in response to the slump in oil demand over the cor…
Crude
OPEC+ Panel Calls for More Oil Cuts on Coronavirus Impact
An OPEC, non-OPEC technical panel has recommended extending a current oil supply cut pact until the end of 2020 and more output reductions due to the impact of …
Crude
Oil Falls 1% as Russia Needs Time to Mull more Opec+ Supply Cuts
Oil prices fell 1 per cent on Friday as Russia said it needed more time before committing to output cuts sought by other large producers while the coronavirus o…
Crude
Oil Climbs After Russia Backs Possible Output Cuts to Counter Coronavirus Impact
Oil prices rose on Friday after Russia said it backs a recommendation for the OPEC and its producer allies to deepen output cuts amid contracting demand for cru…
Oil & Gas Trade
ExxonMobil Exports Second Crude Cargo from Guyana
Guyana’s second crude oil shipment left ExxonMobil’s Liza Destiny platform Wednesday and is heading to Panama.
Crude
Rosneft Inks Deal with India’s Top Refiner on up to 2 MILLION Tons of Crude Supplies
The signing took place during Rosneft CEO Igor Sechin’s visit to New Delhi.
Oil & Gas Trade
Kuwait and Saudi Arabia Start Work to Resume Oil Output from Khafji – Sources
Kuwait and Saudi Arabia have started preparation work to resume crude oil production from the al-Khafji oilfield jointly operated by the two countries, with ini…
Oil & Gas Trade
Libya’s Oil Chief Denounces Port Blockades As Crude Output Plummets
Blockades of Libya’s export terminals risk cutting off virtually all of the OPEC member’s 1.2 million barrels per day in crude oil exports, warned the chairma…
Oil & Gas Trade
Crude Oil Jumps on Libya Export Blockage, Iraq Disruptions
Oil gained in Asian trading Monday following supply disruptions and political instability in key producers Libya and Iraq.
Oil & Gas Trade
Guyana Officially Becomes Oil Exporter
The world’s newest oil frontier, Guyana, has officially shipped its very first batch of crude oil on Monday, according to TankerTrackers.com—a major oil-first…
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