China has issued its second batch of oil product export quotas for this year, again restricting exports to state-controlled firms.
News ID: 9348 Publish Date : 2020/05/06
North Dakota state regulators have established a task force to facilitate the recovery of the oil and gas industry for the state.
News ID: 9337 Publish Date : 2020/05/06
China’s March crude oil imports from top supplier Saudi Arabia fell 1.6% from a year earlier, while purchases from No. 2 supplier Russia rose 31%, Reuters’ calculations based on customs data showed on Sunday.
News ID: 9310 Publish Date : 2020/05/03
India has filled all its available crude storage capacity, including commercial and strategic petroleum reserve (SPR) facilities, and is holding around 50mn bl in floating storage, oil minister Dharmendra Pradhan said.
News ID: 9306 Publish Date : 2020/05/04
The prospect of a revival in Libya's oil sector is being clouded by attempts to dissolve a UN peace framework.
News ID: 9273 Publish Date : 2020/04/30
US Gulf coast heating oil prices have sunk to deep discounts to an intermediate grade for which it can potentially substitute. But prices are not rebalancing based on interchangeability, because refiners are focused on cutting gasoline production.
News ID: 9269 Publish Date : 2020/04/29
Covid-19 is threatening Australia's mining and petroleum services industry, potentially limiting the ability of the resources and energy sectors to quickly rebound by creating skills shortages and reducing the availability of key equipment and services.
News ID: 9268 Publish Date : 2020/04/29
China's two largest oil companies state-controlled PetroChina and Sinopec slumped to big losses in the first quarter as the impact of the Covid-19 outbreak hit their domestic refining operations.
News ID: 9265 Publish Date : 2020/04/29
South Korean refiner S-Oil said it has no plans to cut fuel output, even after posting the largest loss in its history amid an unprecedented collapse in oil product demand.
News ID: 9253 Publish Date : 2020/04/28
US benchmark Nymex WTI crude futures fell by 21pc to just above $10/bl in Asian trading, extending losses from the previous session after the US Oil Fund (USO) decided to exit the June WTI Nymex contract.
News ID: 9251 Publish Date : 2020/04/28
Total losses from a structured crude oil product marketed to retail investors by the Bank of China could be more than ($1.27 billion), the Caixin financial news outlet reported on Sunday, citing official sources.
News ID: 9246 Publish Date : 2020/04/26
A consortium of Total, Italy's Eni and Russia's Novatek has failed to find commercial oil and gas at its first well in Lebanon's offshore block 4, according to local sources.
News ID: 9232 Publish Date : 2020/04/27
Foreign currency rates jumped 58.5% in the last calendar month to April 19 in the secondary forex market, known as Nima, compared to the same month last year.
News ID: 9230 Publish Date : 2020/04/25
Kuwait said it has started cutting oil output ahead of May 1, the date when suppliers worldwide plan to start slashing production to counter a devastating glut.
News ID: 9229 Publish Date : 2020/04/24
Brazil is on the threshold of a fresh political crisis on top of an oil market collapse that has already set back the non-Opec country's pre-salt bonanza.
News ID: 9224 Publish Date : 2020/04/24
Crude prices in America’s oil capital are getting dangerously close to zero. Buyers bidding for crude in Texas, the birthplace of the shale revolution, are offering as little as $2 a barrel for some oil streams, a precipitous markdown from a month ago.
News ID: 9206 Publish Date : 2020/04/20
Malaysia's Felda Sahabat palm oil plantation complex in Sabah state's Lahad Datu district has been ordered to close temporarily because of violations of Covid-19 movement control orders.
News ID: 9200 Publish Date : 2020/04/20
Singapore oil trading firm Hin Leong and its Ocean Tankers (OTC) arm have applied to the Singapore courts for protection against creditors.
News ID: 9199 Publish Date : 2020/04/20
Iraq's semi-autonomous Kurdish region has agreed on a mechanism to reduce oil output to help the country meet its quota under the new Opec+ agreement, Iraq's oil minister Thamir Ghadhban said.
News ID: 9194 Publish Date : 2020/04/20
Oil fell below $19 per barrel in New York after a wave of gloomy demand forecasts and a cratering physical market outweighed an unprecedented deal to cut output.
News ID: 9187 Publish Date : 2020/04/18