OilPrice

MARCH 18, 2025

Turkey has started to diversify its oil supply away from Russia and is buying crude from as far as Brazil after its top refiner limited intake of Russian oil only to G7 price-compliant barrels, Bloomberg reported on Tuesday, quoting data from Vortexa.

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Crude Oil Oil Barrel IT 269

OilPrice

JUNE 9, 2025

The platform was installed at the Kenli field, at a depth of some 20 meters, which has proven reserves of some 100 million tons of crude oil. CNOOC has installed the largest and heaviest offshore platform at a field in the Bohai Sea, the company said today, boasting the facility was 22.8 meters high and weighed over 20,000 tons.

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Offshore Proven Reserves Oil Field 185

OilPrice

MAY 6, 2025

than might be inferred from either its size or its current crude oil production of just under 3 million barrels per day (bpd). The United Arab Emirates (UAE) holds much greater geopolitical significance to both China and the U.S.

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IT Crude Oil Oil Barrel 244

Oil & Gas 360º

JUNE 12, 2025

(World Oil) – This first-of-its-kind deployment signals a step change in how safety and operational assurance can be managed in offshore wind, with WindSafe introducing real-time visibility, predictive analytics, and intelligent automation to enhance performance and reduce risk at scale.

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Offshore IT Supply Chain Operator 130

OilPrice

JUNE 4, 2025

With crude oil prices dropping into the low $60s per barrel, profitability in the oil and gas industry is under pressure, squeezing cash flows and forcing companies to reassess their capital allocation. While it is still too early to quantify the full impact of current market volatility on oil prices,

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Oil Crude Oil Upstream Barrel 330

OilPrice

MARCH 6, 2025

Abu Dhabis national oil company ADNOC has made its first trades via the S&P Global Platts pricing process for Dubai crude oil, in a rare move for a Middle Eastern producer, traders told Reuters on Thursday.

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IT Crude Oil Oil 218

OilPrice

JUNE 4, 2025

India is advancing efforts to boost renewable energy use even as the worlds third-largest crude oil importer is leading global oil demand growth. Indian Oil Corporation, the countrys top refiner, plans to replace fossil fuel-made hydrogen with green hydrogen made from electrolysis at one of its refineries.

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Refinery Crude Oil Oil IT 291

OilPrice

MAY 13, 2025

It also has some rather solid crude oil resourcesand some of the lowest production costs But there is another formation that could take up the torch from the Permian. And its in Canada. The Montney Formation in Western Canada spans Alberta and British Columbia is one of the largest natural gas deposits on the continent.

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Crude Oil Natural Gas Basin Oil 361

OilPrice

MARCH 31, 2025

crude oil production was down 305,000 barrels per day, hitting 13.15 January U.S. million bpd, a level it hasnt dipped down to in over a year, according to data released by the U.S. Energy Information Administration (EIA) on Monday, also revising its December estimate downward by around 40,000 barrels, to 13.45 million bpd.

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Oil Crude Oil Barrel IT 349

OilPrice

JUNE 12, 2025

The expanded Trans Mountain pipeline in Canada could raise its capacity by another 75,000 barrels per day (bpd) by early 2027, which could potentially increase Canadian crude oil exports from its Pacific Coast to non-U.S.

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Pipeline Crude Oil Barrel Government 130

OilPrice

MAY 8, 2025

Kazakhstan doesnt have any plans to cut its crude and condensate production in May, its energy ministry said on Thursday, as the OPEC+ producer continues to give the group headaches with continuously busting its quota in the deal.

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Condensate Oil Crude Oil Energy 326

OilPrice

APRIL 16, 2025

crude oil production is set to peak at around 14 million barrels per day (bpd) in 2027, according to the Annual Energy Outlook 2025 of the U.S. oil production is set to remain around the 14 million bpd level by 2030 and in the early 2030s, after which it is expected to decline faster through 2050 as the shale boom fades.

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Oil Crude Oil Barrel Energy 347

OilPrice

APRIL 1, 2025

The Organization of Petroleum Exporting Countries (OPEC) reduced its crude oil production in March, ahead of its planned production increase for May, a new Bloomberg survey showed on Tuesday. OPEC reduced its crude oil production for March to an average of 27.43

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Crude Oil Oil Petroleum Barrel 255

OilPrice

MARCH 28, 2025

Saudi Arabia, the worlds top crude oil exporter, is expected to slash the price of its oil loading for Asia in May to the lowest level in three months amid a slide in regional benchmarks, a Reuters survey of Asian refining and trading sources showed on Friday.

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Oil Crude Oil Barrel IT 344

OilPrice

APRIL 8, 2025

Crude oil prices slumped to their lowest level since 2021 after the U.S. At the time of writing, Brent crude was trading at $60.36 per barrel, with West Texas Intermediate at $57.04 per barrel, both down by close to 4% from Tuesdays close.

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Crude Oil Oil Barrel IT 353

BOE Report

JUNE 5, 2025

Irving Oil said on Thursday it plans to invest $100 million to upgrade a key crude oil processing unit at its 320,000 barrel-per-day Saint John facility in New Brunswick, Canada’s largest refinery.

Refinery 96

Refinery Oil Crude Oil Barrel 96

OilPrice

JUNE 12, 2025

Crude oil prices dropped back slightly on Thursday, after jumping by 4% on Wednesday to hit the highest in two months on the news that the U.S. At the time of writing, Brent crude was trading at $68.95 was pulling out its staff from the embassy in Baghdad. The drop was driven by profit-taking, but bullish sentiment remains.

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Oil Crude Oil Barrel Casing 130

OilPrice

JUNE 3, 2025

The eight members of OPEC+ that were keeping their production of crude oil under restraints agreed on Saturday to add another 411,000 barrels daily to their combined total in July after making identical agreements for May and June. OPEC+ did what everyone expected it to do last weekend, announcing another production ramp-up.

Oil 307

Oil Crude Oil Barrel IT 307

OilPrice

MAY 30, 2025

crude oil production surged to an all-time high in March, reaching 13.488 million barrels per day, according to newly released monthly EIA data. That edges out the previous monthly record of 13.450 million bpd set in October 2024, and an increase over the 13.153 million bpd in February. Total petroleum product supplieda broad proxy

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Crude Oil Oil Petroleum Barrel 298

OilPrice

APRIL 11, 2025

Crude oil exports from Saudi Arabia to China are expected to increase substantially next month, thanks to the sizable price cut by the Saudis, Reuters reported today, citing unnamed sources. Saudi Arabia cut the official selling prices for its oil sharply ahead of a production boost set for next month.

Oil 344

Oil Crude Oil Barrel IT 344

OilPrice

MARCH 30, 2025

oil-producing basin, the Permian, some areas have hit geological limits while others, yet to be drilled, are not expected to be as prolific as the prime Tier 1 acreage that producers have started to exhaust. To be sure, crude oil output in the top basin continues to rise, but growth has slowed since 2022not only because producers

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Basin Crude Oil Oil IT 354

OilPrice

MARCH 27, 2025

The vessel, Andaman Skies, was en route to the Vadinar Port to deliver 100,000 metric tons (roughly 800,000 barrels) of Varandey crude oil sold by Russias Lukoil. Indian port authorities refused the tanker entry, citing documentation issues, particularly its seaworthiness certification, Reuters quoted unnamed sources familiar

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Oil Crude Oil Barrel Transportation 325

BOE Report

MAY 30, 2025

crude oil output rose to a monthly record high in March, while demand for oil products declined to the lowest in a year, the U.S. crude oil output rose to 13.49 Energy Information Administration said in its Petroleum Supply Monthly report on Friday. million barrels per day in March, up from 13.16

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Crude Oil Oil Petroleum Barrel 107

OilPrice

MAY 1, 2025

Venezuela saw its oil exports slump by nearly 20% in April from March to the lowest level in nine months, after state-owned oil firm PDVSA canceled cargoes for Chevron, Reuters reported on Thursday, citing shipping documents and tanker-tracking data.

Oil 330

Oil Crude Oil Barrel IT 330

OilPrice

MAY 28, 2025

But theres a silver lining in falling crude prices profits from refining the crude rise with cheaper feedstock. Stronger refining margins and higher exports of petroleum products have generated more income

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Oil Petroleum Crude Oil Refinery 281

OilPrice

MARCH 31, 2025

Chinas state energy company CNOOC said today it had discovered a new oil field in the South China Sea that could contain over 100 million tons of crude oil, equal to around 733 million barrels. Test drilling produced 413 barrels of crude oil and 68,000 cu m of natural gas daily, state news agency Xinhua reported.

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Field Oil Crude Oil Barrel 257

OilPrice

APRIL 1, 2025

As Saudi Arabia pushes ahead with its ambitious Vision 2030 plan to build huge futuristic cities and resorts, the worlds top crude oil exporter will need to borrow more money on the debt markets as oil prices continue to linger at levels of about $20 per barrel lower than the Saudi fiscal breakeven oil price.

Oil 328

Oil Crude Oil Barrel IT 328

Oil & Gas 360º

MARCH 19, 2025

(World Oil) – In its March 2025 Short-Term Energy Outlook, the U.S. Energy Information Administration (EIA) forecast crude oil production in Alaska will increase by 16,000 barrels per day (bpd) in 2026 to 438,000 bpd after remaining relatively flat in 2025. Average annual crude oil production in Alaska peaked at 2.0

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Crude Oil Oil Exploration and Production Active Well 130

OilPrice

APRIL 29, 2025

The only refinery in Scotland has stopped processing crude oil after 100 years of operation, as planned by its owners who announced the decision in the autumn of 2024. Petroineos, a joint venture between PetroChina and INEOS, said it would transition the site to a finished fuels import terminal and distribution

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Refinery Oil Crude Oil Operator 282

OilPrice

MARCH 19, 2025

Nigerias Dangote Petroleum Refinery has suspended sales of petroleum in the country after it stopped receiving naira-denominated crude cargoes from the state-owned Nigerian National Petroleum Company (NNPC). to avoid a mismatch between our sales proceeds and our crude oil purchase obligations, which are currently denominated in U.S.

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Petroleum Refinery Crude Oil Oil 282

Rigzone

MARCH 19, 2025

crude oil production forecast for 2025 and 2026 in its latest short term energy outlook. Energy Information Administration raised its U.S.

Crude Oil 94

Crude Oil Oil Energy Energy 94

OilPrice

MARCH 27, 2025

The $5-billion East African Crude Oil Pipeline (EACOP), which is planned to export crude oil from Uganda via a port in Tanzania, has secured the first tranche of external financing for the project.

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Pipeline Crude Oil Oil Finance 237

OilPrice

JUNE 5, 2025

Russian crude oil production stayed just below the countrys quota in the OPEC+ agreement in May, unidentified sources with knowledge of the data told Bloomberg on Thursday. Russia classified its oil and gas production data in early 2022, shortly after the invasion of Ukraine.

Oil 239

Oil Crude Oil Gas IT 239

OilPrice

APRIL 3, 2025

Chinas biggest state-held energy firms are following the demand trends in the worlds top crude oil and natural gas importer. Tasked by the authorities to boost domestic production of oil and gas, all three state majors, PetroChina, Sinopec, and CNOOC, are increasingly betting

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Natural Gas Gas Oil Crude Oil 291

OilPrice

MAY 13, 2025

State Department rolled out another round of sanctions Tuesday targeting an Iranian oil smuggling network allegedly responsible for funneling billions in crude oil sales to China on behalf of Irans Armed Forces General Staff. Navy and Israel. As long as Iran devotes its illicit

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Oil Crude Oil Operator IT 268

OilPrice

MAY 22, 2025

Nigerias government is urging the oil companies operating in the country to collaborate to increase oil output in the producer that hasnt been able to pump to its OPEC quota for years. Nigerias crude oil production averaged 1.4 million barrels per day (bpd) in the first quarter of the year, well below the 1.8

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Exploration and Production Oil Crude Oil Barrel 244

OilPrice

MARCH 27, 2025

State-owned Indian refiners plan to build several new crude processing plants to meet soaring fuel and petrochemicals demand in the worlds third-largest crude oil importer.

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Refinery Oil Crude Oil IT 261