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Oil & Gas
Libyan Crude Output could Rise 200,000 b/d by Year-End: OMV Executive
Libya has the potential to boost its oil output by as much as 200,000 b/d by the end of the year, depending on the security situation, an executive from Austria
Oil & Gas
Covid Resurgence in China Drives Global Oil Demand Concerns
China is renewing restrictions and canceling flights as a Covid-19 resurgence in Asia’s top oil consumer sends jitters across the crude market.
Oil & Gas
Shell Could Resume Oil and Gas Exploration in Libya
North Africa’s second-largest oil producer is gradually increasing crude exports after a blockade last year cost it $11bn in lost fiscal revenue
Oil & Gas
APA, TotalEnergies Drill Successful Appraisal Well Offshore Suriname
APA Corporation announced drilling success and updated the status of its appraisal program offshore Suriname in Block 58.
Oil & Gas
Halt in Fuel Price Revision Continues, Global Oil Rates Above $75/bbl
In the national capital, petrol continued to be sold for Rs 101.84 per litre, while diesel was being sold at the unchanged rate of Rs 89.87 a litre on Sunday.
Oil & Gas
Oil Prices Slide on Worries over China Economy and Higher Crude Output
Brent crude oil futures skidded 81 cents, or 1%, to $74.60 a barrel by 0116 GMT.
Oil & Gas
Cambodia Stops Offshore Oil Extraction After KrisEnergy goes Bankrupt
Cambodian Prime Minister Samdech Techo Hun Sen said on Sunday that the kingdom's first-ever oil extraction had come to a full stop after Singapore-based oil and
Oil & Gas
China’s Crackdown on Excess Capacity to Impact Crude Oil Imports
China’s drive to lower emissions, is expected to have a negative impact on crude oil imports from private refineries.
Energy Economy
Energy Import Bill up 131 pct in June 2021
Turkey's energy import bill increased by 131 percent to $3.63 billion in June this year compared to the same month last year.
Oil & Gas
BW Working to Tie in Gabon Wells for First Oil Later This Year
Oil and gas company BW Energy has completed the final horizontal production well on the Dussafu Marin license in Gabon and is now working to tie in two wells fo
Oil & Gas
Oil Edges Higher on Tighter U.S. Supplies, Brent Tops $75 a Barrel
Oil prices rose on Thursday as crude stockpiles in the United States, the world’s top oil consumer, fell to their lowest since January 2020, with Brent crude o
Oil & Gas
Exxon Makes Another Major Oil Discovery Offshore Guyana
ExxonMobil and its partner Hess Corporation have made another significant crude oil discovery offshore Guyana, the U.S. supermajor said on Wednesday.
Oil & Gas
Russia Was World’s Second-Largest Oil Producer In H1 2021
Russia was the world’s second-largest producer in the first five months of this year after the United States, data from Rosstat, the state statistics bureau, h
Oil & Gas
Libya Looks To Boost Oil Production To 1.6 Million Bpd In 2022
Libya could boost its oil production to 1.6 million barrels per day by the middle of 2022 if the industry has the necessary funding
Oil & Gas
India May Join China In Bid To Lower Oil Prices
The world’s third-largest crude oil importer, India, could join China in tapping into its strategic petroleum reserve in a bid to sell lower-priced crude to it
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