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Crude Oil News
Venezuela’s Congress to Consider New, Scaled-Back Oil Reform
The draft lacks several elements of a prior reform that Guaido’s representatives presented to industry…
August 16th 2019
Kenya Set For First Crude Oil Exports After Striking ChemChina Deal
Tullow and its partner Africa Oil discovered commercial oil reserves in the Lokichar basin in…
August 16th 2019
Nigeria Will Comply With OPEC, Non-OPEC Output Cut Deal, Says Kyari
The agreement reached in December 2016 resolved to cut a total crude oil output of…
August 15th 2019
NuStar Energy Readies First Permian Crude Export from Corpus Christi Terminal
The shale boom has helped make the United States the world’s biggest oil producer, overtaking…
August 15th 2019
After 50 Years in UK North Sea, Exxon Eyes the Exit
Exxon produces around 80,000 barrels of oil and 441 million cubic feet of gas a…
August 14th 2019
China July Crude Throughput Up 4% On-Yr, But Off Record
Average refining losses on processing crude oil have largely narrowed to a break-even level, with…
August 14th 2019
Trafigura Says Has Started Crude Shipments via U.S. Pipeline Cactus II
The Cactus II Pipeline system will have the ability to transport 670,000 bpd.
August 13th 2019
Reliance to Sell 20% Stake in Oil-to-Chemicals Arm to Saudi Aramco
The deal will see Reliance buy up to 500,000 barrels a day of crude oil…
August 13th 2019
OPEC Mulls Further Output Cuts to Support Oil Prices
Tonhaugen’s assessment was backed by the International Energy Agency’s (IEA) monthly report on Friday, which…
August 12th 2019
Roseneft to Seek Compensation from Transneft for Drop in Oil Output
The company said it had been forced to reduce the output of oil because the…
August 12th 2019
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