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Oil & Gas
Libya’s El Sharara Crude Field Poised to Restart
Production from Libya's largest field — the 300,000 b/d El Sharara — can restart after an agreement was reached with the Petroleum Facilities Guard.
Oil & Gas
Korea's Imports of U.S. Crude Oil Considerably Increases Last Year
As a result, South Korea became the biggest U.S. crude oil importer in Asia last year.
Oil & Gas
China's Largest Offshore Oilfield Yields Over 30M tonnes of Crude Oil
China's largest oil field located in Bohai Bay produced more than 30 million tonnes of crude oil in 2021, top-ranked nationwide.
Oil & Gas
Canadian Overseas Petroleum Ltd Announces Significant U.S. Discovery
In addition, COPL provides an operational update on its Barron Flats Shannon Field production.
Oil & Gas
Libya Oil Pipeline Maintenance Completed
Libya's state-owned oil firm NOC expects the country's crude production to partially recover in the coming days following the early completion of pipeline maint
Oil & Gas
Oil Rallies Amid Worsening Unrest In Crude Producer Kazakhstan
Oil markets shrug off dip in U.S. gasoline demand
Oil & Gas
High Gas Prices Lead To Conversion Of Ammonia Plant To Green Hydrogen
Incitec Pivot is Australia’s largest supplier of fertilisers, producing around two million tonnes of ammonia each year for use in Australian agriculture.
Oil & Gas
Saudi Arabia may Set Deep Crude Price Cuts for Asia in February
Top oil exporter Saudi Arabia may implement deep price cuts for the crude it sells to Asia in February after Middle East benchmarks and spot prices slumped this
Oil & Gas
Mexico To End Oil Exports In 2023
Mexico will suspend crude oil exports in two years in a bid to focus on domestic self-sufficiency.
Oil & Gas
Oman's Ras Markaz Crude Storage Outside Strait of Hormuz to Come Onstream Q2
Infrastructure to store crude at Ras Markaz in Duqm on the southern coast of Oman is already complete, Salim al-Hashmi
Oil & Gas
Higher Crude Demand Supports India-Bound Suezmax Rates
Suezmax rates from the Mideast Gulf to the west coast of India have been rising on account of higher demand from Indian state-controlled refineries.
Oil & Gas
India’s Haldia Petrochemicals Plans New Cracker Project
Indian petrochemical producer Haldia Petrochemicals plans to develop a new oil-to-chemicals project at Cuddalore in south India's state of Tamil Nadu.
Oil & Gas
China Oil Demand Seen Peaking In 2030
Crude oil demand in China is set to peak in 2030, until then driven by robust petrochemicals demand, research from state oil giant CNPC has suggested.
Oil & Gas
China 2021 Crude Oil Output Expected to Total 199 mln T -Energy Administration
China’s crude oil output in 2021 is expected to total around 199 million tonnes, or about 3.98 million barrels per day, clocking a third straight annual rise
Oil & Gas
Japan To Sell Crude Oil From State Reserves In February
Japan plans to auction in February 629,000 barrels of crude oil from its national reserves as part of a U.S.-led global effort by oil-consuming nations to lower
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