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Oil & Gas
Opec+ Needs Cumulative 2.3mn b/d of Compensation Cuts
Opec+ members that exceeded their crude production ceilings in May-July went over their quotas by a cumulative 2.3mn b/d and will need to compensate for this ex
Oil & Gas
Could The GNA Ever Successfully Control Libya’s Oil?
The success of the Tripoli-based Government of National Accord in forcing the withdrawal of the eastern-based Libyan National Army from northwestern Libya has l
Oil & Gas
OPEC+ Seeks to Defend Oil-Market Gains as Demand Outlook Darkens
OPEC and its allies have achieved the oil-market equivalent of a high-wire act: increasing supply even as demand remains depleted, without crashing prices.
Oil & Gas
California Oil Production Limits Stall in Legislature, Leaving the Issue to Newsom
In his first year in office, Gov. Gavin Newsom vowed to protect Californians against hazards and pollutants from oil and gas production.
Oil & Gas
Private Chinese Refiner Boosts Crude Storage Capacity
Private Chinese firm Hengli Petrochemical, which operates one of the largest private refineries in China, has boosted its crude oil storage capacity.
Oil & Gas
Australia’s Ampol to Restart Lytton Refinery
Australian refiner and fuel marketer Ampol plans to restart its 109,000 b/d Lytton refinery in September and reach full production in early October.
Oil & Gas
Aramco Aims to Boost Production Capacity to 13 Million Bpd
The world’s largest oil company is looking to raise its production capacity by an extra million barrels per day.
Oil & Gas
Iraq Says Will Make Additional Oil Cuts in August
Iraq said on Thursday it would make an additional cut in its oil production of about 400,000 barrels per day in August.
Oil & Gas
Exxon: 20 Percent Of Global Oil And Gas Reserves may be Wiped Out
After a grim Q2 season for Big Oil, the world’s third-most valuable energy company is warning that 20% of the world’s oil and gas reserves may no longer be vi
Oil & Gas
Russia is Raising Crude Oil Output as OPEC+ Cuts Ease
OPEC+ producers from Aug. 1 have agreed to slim their output cuts to 7.7 million barrels per day from 9.7 million bpd.
Oil & Gas
Iran Clears Oil Spill in Northern Gulf Region
Iranian teams have cleaned up an oil slick near field in the northern region of the Gulf that had extended over a six-square-km area.
Oil & Gas
Indian Refinery Runs Edge Higher in June
Indian refining throughputs rose back above 4mn b/d in June in a partial recovery from the Covid-19 downturn, but remained well below year-earlier levels.
Oil & Gas
Iran Expected to Produce 2.7bn More Barrels of Oil from Shared Azadegan Field
Iran is expected to produce some 2.7 billion more barrels of oil amounted to dlrs one trillion, Petroleum Minister Bijan Zangeneh said on Monday.
Video
Virus Surge Dents Oil Demand Recovery Optimism
Jul.19 -- Oil futures are holding steady with an ongoing surge in coronavirus cases in some parts of the U.S. tempering optimism for a demand recovery.
Oil & Gas
Crude Shipments Resume from Pemex Floating Oil Storage Unit After Collision
An oil production and storage vessel operated by Mexican state oil firm Pemex in the Gulf of Mexico has resumed crude shipments after a tanker collision halted
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