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Crude Oil
Iran Projects 90 Days to Hit 4 million Barrels of Daily Oil Output Once Sanctions are lifted
Iran plans to restore the bulk of its crude oil production within one month of the easing of U.S. sanctions if world powers manage to broker the revival of the …
OPEC
Russia Claims Its Compliance With OPEC+ Cuts Was Almost 100% In May
Russia was close to complying 100 percent with its oil production quota under the OPEC+ deal in May
Crude Oil
Iran Claims Its Oil Production Could Jump To 6.5 Million Bpd
Iran can boost its crude oil production to as much as 6.5 million barrels per day when the U.S. sanctions on its oil industry are lifted, Iranian Oil Minister B…
Oil Exploration
China Makes Headway in Construction of New Offshore Oil Platform
The float-over installation of the Lufeng 14-4 central platform, China's largest independently designed and built offshore crude oil production platform, has be…
Crude Oil
S Korea's SK Energy to Limit Q2 Oil Product Output Amid Fragile Asian Demand
Transportation fuels -- including gasoline, diesel and jet fuel -- saw their refining margins improve sharply from 2020 levels amid a pick up in mobility, but S…
Oil & Gas Supply
SOCAR, Rosneft Tie-up on Fuel Supplies to Ukraine, Other Countries
Azerbaijan's state energy company SOCAR and Russia's oil and gas giant Rosneft have signed a deal to supply oil products and liquefied petroleum gas to Ukraine …
OPEC
OPEC’s Oil Exports Are Surging By 1 Million Bpd In May
OPEC’s oil exports have jumped by 1 million barrels per day so far in May, while the OPEC+ group started easing the production cuts by 350,000 bpd this month, …
Crude Oil
China April Crude Oil Output Up 3.4 pct on yr
China's April domestic crude oil production rose 3.4 percent on year to 16.41 million tonnes.
Oil & Gas Trade
Yemen Takes First Batch of Saudi Oil Products at Aden
The first shipment of Saudi oil products exported to Yemen as part of a grant agreed with the internationally recognized government there arrived at the Yemeni …
Crude Oil
U.S. Energy Production Saw Steepest Drop On Record In 2020
Due to economic responses to the pandemic, U.S. energy production dropped by 5 percent last year, marking the steepest annual decline on record.
Crude Oil
BHP Produces First Oil from Ruby Project
Oil and gas company BHP has produced first oil production from the Ruby project, which is located offshore Trinidad and Tobago.
Crude Oil
OPEC+ Unlikely To Drastically Change Oil Pact Next Week
The OPEC+ group is unlikely to make any material changes next week to the plans to ease the production cuts over the next three months.
Oil Price
Angola May Privatize State-Owned Oil Firm To Boost Production
OPEC member Angola was Africa’s top oil producer six years ago when oil prices crashed in 2015-2016, slashing oil-producing countries’ revenues and forcing in…
Oil & Gas Supply
Guyana Estimates Future Oil Production At 1 Million Bpd
Guyana has estimated its future oil production at 1 million barrels per day by 2027, from seven floating production, storage, and offloading (FPSOs) vessels in …
Electric Car
Sinopec Announced that It will Deploy 5,000 Smart Charging Stations
Sinopec, the largest domestic oil product sales company, announced in Beijing that it will build 5,000 smart charging stations by 2025
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