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Oil & Gas
Marginal Oilfields Output Dips to 1.52mb
Marginal oil fields in Nigeria produced 1.52 million barrels of crude oil and condensates in August 2020, accounting for 2.97 per cent of Nigeria’s total oil a
Oil & Gas
Crude Oil Pares Losses After UAE Reassures on OPEC Commitment
Crude oil prices were down fractionally in early trading in New York on Thursday, paring earlier losses after the United Arab Emirates rebutted reports claiming
Policy & Regulation
Liberian Govt Extends Licensing Round, 2020
The Government of Liberia, through the Liberia Petroleum Regulatory Authority, has announced an extension of the time frame for the Liberia License Round, 2020
Oil & Gas
Iraq Says October Crude Output Exceeds Opec+ Quota
Iraq exceeded its Opec+ crude output ceiling last month, when production rose by 242,000 b/d from September to 3.842mn b/d, according to state-owned marketing f
Oil & Gas
Libya Oil Output Hits 800,000 Bpd
Libya’s crude oil production has reached 800,000 bpd.
Oil & Gas
US Election 2020: Tough Choices for Oil Industry
Presidential election presents two superficially distinct paths for the US oil and gas industry — four more years of "energy dominance" under President Donald
Oil & Gas
China Starts Building $20 billion Mega Petchem Complex in Shandong Oil Hub
China started this week building a mega petrochemical and refining complex in east China’s Shandong province, four months after the $20 billion project receive
Oil & Gas
OPEC Members Rebel Over Production Cut Extension
Iraq, the United Arab Emirates, and Kuwait - the biggest OPEC producers behind Saudi Arabia – are reportedly not particularly inclined to support a rollover of
Oil & Gas
Russia’s Crude Oil Exports Drop 8% In January-August
Russia’s crude oil exports dropped by 7.9 percent year over year in the period January to August.
Policy & Regulation
US Imposes New Sanctions on Iran’s Ministry of Petroleum
The United States has expanded sanctions against Iran, targeting the country's ministry of petroleum along with 10 other entities
Oil & Gas
Putin Leaves Door Open for Opec+ Cuts Extension
Russian president Vladimir Putin says that Opec+ could maintain or even deepen its existing crude production cuts next year, the first time Russia has acknowled
Climate Change
Biden's Warning on Oil Tests Voter Resolve on Climate Change
The plan implied that he would wean the U.S. off oil and gas, but Biden wasn't so explicit about the industry's fate - until Thursday night.
Oil & Gas
Russian Oil Companies Plan Significant Drilling Cuts For 2021
Russian oil producers who have already reduced their drilling activity by a third this year may cut it further by 20 percent.
Video
Oil Demand Expected to Decline in the Next Decade
The International Energy Agency predicts the COVID-19 pandemic will deal a long-lasting blow to the global energy industry, with oil demand expected to end in
Oil & Gas
IEA Says Refining Throughput Set for Quarterly Rise
Global refining throughput will increase in the last quarter of the year by more than 2 million barrels per day, the International Energy Agency said on Wednesd
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