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Crude Oil News

Saudi Crude Flows to China Expected to Stay High in June

Saudi Crude Flows to China Expected to Stay High in June

Aramco last week slightly raised its crude oil prices for Asian buyers in June as expected.
Oil Falls More Than 1% on Expectations for US-Iran Nuclear Deal

Oil Falls More Than 1% on Expectations for US-Iran Nuclear Deal

The sanctions came following a fourth round of U.S.-Iran talks in Oman aimed at addressing disputes over Iran's nuclear programme.
S&P Global Expects US Crude Oil Production to Decline in 2026

S&P Global Expects US Crude Oil Production to Decline in 2026

However, the demand growth for the remaining quarters of 2025 is projected at around 420,000 barrels per day, it added.
Nigerian Oil Producer Oando Completes Pipeline Repairs After Spills

Nigerian Oil Producer Oando Completes Pipeline Repairs After Spills

Oando, which now owns former Eni unit Nigerian Agip Oil Co, said it plans a sectional replacement of the pipeline to further reduce future risks.
ADNOC Wins Unconditional EU Antitrust Approval for Covestro Deal

ADNOC Wins Unconditional EU Antitrust Approval for Covestro Deal

The deal, ADNOC's biggest ever, underscores Middle East countries' plans to diversify their investments and reduce dependence on oil amid the global transition to cleaner energy.

Saudi Aramco Declared Robust Q1 Operational and Financial Results

The capital expenditure during the quarter was $10.8 billion, primarily driven by a series of expansion projects.
Mexico's Pemex Plans to Export Less Crude Oil as New Refinery Starts Up

Mexico's Pemex Plans to Export Less Crude Oil as New Refinery Starts Up

This would lift local processing to 1.2 million bpd, she added, leaving about 400,000 bpd for export.
Iraq to Reduce Crude Oil Exports in May and June, Official Says

Iraq to Reduce Crude Oil Exports in May and June, Official Says

OPEC+, which includes OPEC plus Russia and other allies, has agreed a series of output cuts since 2022.
JP Morgan: Global Oil Demand in Early May Indicates Tepid Year-on-Year Growth

JP Morgan: Global Oil Demand in Early May Indicates Tepid Year-on-Year Growth

The first week of May this year saw a drop of about 4 million barrels in the observable OECD commercial oil stock.
OPEC+ Supply Boost has Consequences for Baghdad and Astana, More so for Houston

OPEC+ Supply Boost has Consequences for Baghdad and Astana, More so for Houston

Kazakhstan’s primary reason for overshooting is the expansion of Tengiz, its main producing field. Production from the even larger Kashagan field is also set to grow, as is third-placed Karachaganak.

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