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Oil & Gas
Venezuela Prepares To Boost Oil Production With Iranian Help
Venezuela is preparing to ramp up its crude oil production using diluents imported from Iran, citing unnamed sources and company documents.
Oil & Gas
World’s No.1 Oil Trader Sees Crude Inventories Shrinking This Year
Vitol Group, the world’s largest independent oil trader, expects global oil inventories to continue drawing down for the rest of the year, unlike its rivals an
Oil & Gas
EIA: OPEC+ Crude Oil Production Increased in August
Both OPEC and non-OPEC partner countries increased their crude oil production in August.
Oil & Gas
China’s August Crude Runs Hold at 14mn b/d
China's crude throughputs held largely steady near record highs in August, keeping pressure on refiners to manage high product inventories.
Oil & Gas
OPEC Cuts Oil Demand Forecast For 2020, Again
OPEC revised down by another 400,000 bpd its forecast for global oil demand this year, expecting consumption to shrink by 9.5 million bpd over 2019.
Oil & Gas
COVID-19 Forces Libyan Oil Companies To Halt Operations
Two of Libya’s National Oil Company affiliates on Monday sent some oil workers home and halted some work due to the spread of Covid-19, according to a NOC stat
Oil & Gas
Mexico CoMexico Could Be Forced To Cut Oil Production Target For 2021
Mexico will likely cut its crude oil production targets for next year, citing a ruling party lawmaker in Mexico.
Oil & Gas
OPEC Production Rises By 950,000 Bpd In August
OPEC produced more oil in August than it did in July as the cartel continued to relax its production cuts, a Reuters survey has revealed, with recovering demand
Oil & Gas
Refining Capacity at Iraq's Baiji to Double in Months
Iraq is currently processing more than 75,000 b/d of crude at its Baiji refining complex, which could increase to as high as 140,000 b/d in the "next few months
Oil & Gas
Angola Aims to Ramp up Oil Production
Angola, Africa’s second-largest oil producer after Nigeria, will need foreign and government investments to discover up to 57 billion barrels of crude oil by 2
Oil & Gas
Iraq Pledges to Deepen Oil Output Cuts in August, September
Iraq said on Friday it would cut its oil production by another 400,000 barrels per day in both August and September to compensate for its overproduction in the
Oil & Gas
India’s July Crude Imports Fall to Decade Low
India's crude imports hit a decade low in July, falling by a record 36pc or 1.67mn b/d on the year because of a nationwide Covid-19 lockdown and sliding refinin
Oil & Gas
Angola Oil Output to Fall Below 1.2mn b/d by 2023: ANGP
The agency predicts a slight rebound next year but expects the growth to be short-lived.
Video
Storage Levels for Crude Oil are Starting to Decline as Economies Recover
As economies reopen, oil stocks in Cushing have been drawn down to 52 million barrels since its peak of 65 million in May.
Oil & Gas
Global Oil Demand is Expected to Return to 97% of Pre-Epidemic Levels by the End of the Year
At the OPEC and OPEC+ ministerial video conference that global oil demand is expected to return to the new crown by the end of 2020 97% of the level before the
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