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Oil & Gas
OPEC+ Delivers 85% Compliance on Oil Output Cuts in May: S&P Global Platts Survey
OPEC and its allies slashed almost one-fifth of their crude oil production in May.
Oil & Gas
Refineries Around Asia Join Chinese Peers in Ramping up Oil Output
Refineries from India to South Korea are expected to join their Chinese counterparts in ramping up production from June.
Oil & Gas
Rig Count Plunges Below 300 in 13th-Straight Week of Losses
The number of operating drilling rigs in the U.S. fell below 300 for the first time, as energy companies continue to shut down oil-field operations amid low cru
Oil & Gas
OPEC+ Meetings Postponed Until Mid-June
The OPEC+ group has postponed its technical and monitoring meetings until the middle of June.
Oil & Gas
Crude Oil Futures Rise on Spot Demand
Crude oil prices on Friday rose Rs 9 to Rs 2,826 per barrel as participants widened their positions on firm spot demand.
Oil & Gas
Indonesia Sees Product Demand Up 160,000 b/d by 2026
Indonesia expects domestic oil product demand to increase by 12pc or around 160,000 b/d by 2026, but an expansion of refinery capacity should eliminate the need
Oil & Gas
US Refiners Spread Out Heavy Maintenance Plans
Efforts to slow the spread of Covid-19 will lead to heavier US refinery maintenance over the next year.
Oil & Gas
Libya Oil Production Comes to Halt as Economy Affected
The civil war enforced by the warlord Khalifa Haftar in Libya has brought oil production and exports to a grinding halt, creating financial strain on the UN-rec
Oil & Gas
China, India Soak Up Oil from Floating Storage as Demand Recovers
The volume of crude stored on ships in Asia has come off the peaks seen earlier this month on a recovery in demand in China and India, trade sources and analyst
Oil & Gas
Oil Drops on Worse than Feared Rise in U.S. Fuel Stocks
Oil prices fell in early trade on Thursday after U.S. crude, gasoline and heating oil inventories all rose more than expected, dousing hopes of a smooth recover
Oil & Gas
Surprise Boost for Nigeria's Economy Comes with Higher Oil Flows
Nigerian economic growth beat estimates in the first quarter as oil production rose to the highest in at least four years.
Oil & Gas
Metals Can Leap Over the Oil Slick
After 2008, metals and oil rebounded together from the depths of the financial crisis, as China’s consumption of raw materials took off. This time, their recov
Oil & Gas
PetroChina's Dalian Refinery to Resume Operations in Late-June
PetroChina said on Tuesday its subsidiary refinery Dalian Petrochemical Corp, which kicked off an overhaul on April 8, is expected to resume operations in late-
Energy Economy
US WTI Crude Futures Rise Above $30/bl
U.S. benchmark WTI crude futures rose above $30 a barrel for the first time in two months.
Oil & Gas
China Crude Oil Runs Rebound in April as Fuel Demand Picks Up
The country processed a total of 53.85 million tonnes of crude oil last month, data from the National Bureau of Statistics (NBS) showed on Friday, equivalent to
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