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Crude Oil News

U.S. Emerged as India’s Fifth Largest Crude Oil Supplier

U.S. Emerged as India’s Fifth Largest Crude Oil Supplier

The leading supplier from the region was Iraq, followed by Saudi Arabia and the United Arab Emirates (UAE).
Saudi Arabia Crude Exports Rise to 7.232 Million bpd in March

Saudi Arabia Crude Exports Rise to 7.232 Million bpd in March

OPEC's biggest producer exported 7.232 million bpd in March, up from 6.957 million bpd in February.
Oil Settles up on Supply Hits, Traders Cautious on Ukraine Peace Talks

Oil Settles up on Supply Hits, Traders Cautious on Ukraine Peace Talks

Exports from the port in February were revised up by 0.24 million metric tons from an initial plan to 2.25 million tons or some 590,000 barrels per day, sources said Monday.
U.S. EIA Foresees Record Oil Output from Kazakhstan in 2025

U.S. EIA Foresees Record Oil Output from Kazakhstan in 2025

The country’s primary oil fields, Kashagan and Tengiz, had been undergoing planned and unplanned maintenance for the past several months.
OPEC+ Market Share Set to Witness Decline in 2025 and 2026

OPEC+ Market Share Set to Witness Decline in 2025 and 2026

The dip in oil prices could force OPEC+ countries to postpone increases in supply.
New Study Reveals the Extent of Ecological Damage from Niger Delta Oil Spills

New Study Reveals the Extent of Ecological Damage from Niger Delta Oil Spills

The focus in relation to pollution has been more on ‘total oil’ loss, rather than linking the losses to ecosystem damage.
Oil Rises as Drone Strikes Caspian Pump Station, while Russia-Ukraine Peace Talks Loom

Oil Rises as Drone Strikes Caspian Pump Station, while Russia-Ukraine Peace Talks Loom

The strikes came as the administration of U.S. President Donald Trump and Russia prepare for initial talks in Saudi Arabia in the coming days.
India’s Crude Import Bill Up 3% in April-January

India’s Crude Import Bill Up 3% in April-January

India’s reliance on crude oil imports increased to 88.2% during April-January of the current fiscal, up from 87.6% in the same period of FY24, amid rising demand.
Iraq’s Weekly Oil Exports to US Continue to Decline

Iraq’s Weekly Oil Exports to US Continue to Decline

The EIA mentioned that the average US imports of crude oil during the past week from eight major countries reached approximately 5.5 million barrels per day.
Petrobras Signed Strategic Term Contracts with BPCL, OVL and Oil India

Petrobras Signed Strategic Term Contracts with BPCL, OVL and Oil India

The agreements were signed in New Delhi, India, during India Energy Week.

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