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Crude Oil News
UAE’s Oil Expansion Gives it New Weight within OPEC
Until recently, Saudi Arabia, which effectively leads the Organization of the Petroleum Exporting Countries (OPEC),…
December 4th 2020
Libya NOC Declares Force Majeure on Sharara Crude Oil Loadings
The field began shutting down late on Tuesday after a valve on the pipeline linking…
August 1st 2019
Platts Proposes to Include U.S. WTI in Oil Benchmark Dated Brent
About 443,000 bpd of this arrives in Europe, Platts said.
December 4th 2020
Kuwait’s KPC Signs Deal to Store 3.14 mln Barrels of Oil in Japan
The agreement is part of KPC’s efforts to secure storage abroad and increase its market…
December 3rd 2020
Oil Drops as OPEC+ Resume Talks on Output Cut Extension After Impasse
Oil stocks fell by 679,000 barrels in the week to Nov. 27, by less than…
December 3rd 2020
Norway Oil Output Curbs to Expire at Year-End, Energy Minister Says
The group is meeting again this week to negotiate further cuts.
December 2nd 2020
Oil Prices Drop on U.S. Stock Build, Delay in OPEC+ Meeting
Meanwhile non-OPEC+ member Norway’s oil output curbs, in place since June, are set to end…
December 2nd 2020
Brazil’s Petrobas Aims to Step Up Oil Exports and Asset Sales
The company expects to accept binding offers for two more refineries - known as REGAP…
December 1st 2020
Oil Falls as OPEC+ Talks Delays Raise Supply Concerns
Sources said the UAE had complicated the picture by signalling it would be willing to…
December 1st 2020
OPEC+ Should Look to Asia’s Uneven, Uncertain Crude Oil Recovery- Russel
China is on track to import about 11.56 million bpd, according to Refinitiv, up 15%…
November 30th 2020
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