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Oil & Gas
Saudi Crude Oil Exports Jumped to Three-Month High in October
Saudi Arabia’s crude oil exports rose to a three-month high in October, the latest data from the Joint Organizations Data Initiative (JODI) showed on Wedn
Oil & Gas
China Boosts Oil Inventories With Jump in Crude Imports
China’s crude oil imports soared in November, but most of the increase in purchases likely went to boosting stockpiles, data compiled by Reuters columnist
Oil & Gas
Canadian Oil Producers Forecast Higher Production in 2025
Three of Canada's biggest oil producers, Suncor Energy, Cenovus Energy and Imperial Oil, projected higher production in 2025, betting on resilient demand fo
Oil & Gas
Nigeria’s Oil Sector Gets 30,000BPD Boost
In a landmark development for Nigeria’s oil and gas sector, Oriental Energy Resources Limited has launched a $315 million Floating Production, Storage, an
Oil & Gas
Oil Holds Weekly Gain After US Signals Tighter Russia Sanctions
Oil steadied after a weekly advance as the US signaled tighter sanctions on Russian crude and Chinese authorities vowed to shore up the nation’s economy.B
Oil & Gas
India’s Crude Oil Imports From Russia Drop 55% in November, Lowest Since June 2022
India's import of Russian crude dropped to its lowest level since June 2022 in November this year, reported the news agency PTI on Sunday, December 15, citi
Oil & Gas
Nigeria’s Crude Oil Output to Increase as Shettima Inaugurates $315M FPSO in Dubai
Nigeria’s crude oil production will rise by 30,000 barrels per day (bpd) as Vice President Kashim Shettima inaugurated Oriental Energy Resources Limited&r
Oil & Gas
Venezuelan Oil Output Recedes as Washington Threatens New Sanctions
The Biden administration weighs withdrawing Chevron’s license while lobbyists urge Trump to leverage sanctions to US advantage.Venezuela’s crude pro
Oil & Gas
US Sanctions Disrupt Iranian Crude Flows to China, Vortexa Says
Iranian crude exports to China have been disrupted by broader US sanctions on tankers, according to Vortexa Ltd., squeezing oil flows to the OPEC producer&rsquo
Oil & Gas
Argentina to Eclipse Colombia as Oil Production Growth Continues
Crude oil production in the Vaca Muerta shale formation in Argentina is about to hit 1 million barrels per day this decade. The forecast came recently from Ryst
Oil & Gas
Nigeria Retains Top Spot as Africa’s Biggest Oil Producer
The Organisation of the Petroleum Exporting Countries (OPEC) has disclosed that Nigeria retained its position as the largest oil producer in Africa.OPEC, in its
Oil & Gas
Crude Oil Futures Edge Up After IEA Report on Demand Outlook
Crude oil futures traded slightly higher on Friday morning after the latest report from IEA (International Energy Agency) indicated an increase in global oil su
Oil & Gas
Oil Production Hits 1.7mbpd – FG
The Federal Government has declared that Nigeria’s oil production, including condensates, increased by 9.9 per cent to 1.69 million barrels per day in Nov
Oil & Gas
OPEC Says Russia Made Small Cut to Oil Output in November
Russia's crude oil output in November edged down by 7,000 barrels per day (bpd) to about 8.99 million bpd, the Organization of the Petroleum Exporting Count
Oil & Gas
OPEC Daily Crude Output up 0.5% in Nov.
Crude oil production from the Organization of Petroleum Exporting Countries (OPEC) increased by 0.5%, or by 104,000 barrels per day (bpd), in November to averag
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