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Oil & Gas
OMAN: November Crude Oil Production Slightly Exceeds OPEC+ Quota
China is by far the largest importer of Omani crude.
Oil & Gas
Karoon Offloads First Oil from Recently-Bought Baúna Field
Australian player Karoon Energy has offloaded its first shipment of over 500,000 barrels of oil from its newly acquired Baúna production field, offshore Brazil
Oil & Gas
Oil Hits $50 On Vaccine Rollout
Brent Crude hit $50 a barrel on Thursday morning for the first time since oil prices crashed in early March, as hopes of swifter-than-thought vaccine rollout fu
Oil & Gas
US Energy Agency Revises up Oil Price Forecast
Brent price expected to increase by 2.1%, according to Energy Info. Administration's Short-Term Energy Outlook for December
Oil & Gas
Denmark to End Oil Production in 2050
The round failed to attract much attention, anyway, with just one applicant expressing interest after French Total withdrew.
Oil & Gas
Global Oil Prices May Remain Range Bound Between $40-50 per Barrel in 2021
The news of a successful coronavirus has ignited the oil market again with crude price moving up mire than 20 per cent in a month to hover close to $50 a barrel
Oil & Gas
Fitch Sees Brent At $45 Next Year
Fitch Ratings said it expected Brent crude to average $45 a barrel next year, following OPEC+’s decision to start raising production by 500,000 bpd monthly fro
Oil & Gas
Sudan's Oil Reserves Estimated at 6 Billion Barrels: Sudan's Energy Ministry
The ministry's oil chief also revealed that "the country currently produces 60,000 barrels per day, and is expected to reach 80,000 barrels per day in 2021."
Oil & Gas
Brent Edges Higher as Opec+ Agrees More Moderate Production Increase
Oil prices crept up this evening after the Opec cartel and its allies agreed to a more gradual easing of production cuts next month.
Oil & Gas
Iraq Cuts Term Crude Supplies to Some European Cilents
Deliveries of Iraqi Basrah crude to Europe and the Mediterranean could drop next year after state-owned marketer Somo trimmed allocations for some of its term c
Oil & Gas
U.S. Briefly Became Net Petroleum Importer This Year
The United States briefly returned to being a net importer of crude oil and petroleum products in May and June this year, as U.S. crude oil and refinery output
Oil & Gas
U.S. Ups Pressure to Push Venezuela Oil Exports to Zero
Under the increased pressure from the United States, the companies classifying ships are asked to check if vessels have participated in shipments to Venezuela.
Oil & Gas
The OPEC Producer Looking To Sell A Stake In Its Oil Company
OPEC producer Angola plans to raise much-needed cash via selling a stake in its state oil firm Sonangol by early 2022 as the crash in oil prices—and the pandem
Oil & Gas
U.S. Crude Oil Inventories Decrease by 0.8 million Barrels
U.S. commercial crude oil inventories decreased by 0.8 million barrels from the previous week.
Oil & Gas
Kazakhstan will Produce 86 Million Tons of Oil in 2021
According to media reports on November 20, Kazakhstan’s Minister of National Economy Ruslan Dalenov said on Thursday that the country’s oil production next ye
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