Remove IT Remove Oil Remove Petroleum
article thumbnail

Kenya Plans to Launch Crude Oil Exports in 2026

OilPrice

Kenya hopes it will begin commercial crude oil production and exports next year, Opiyo Wandayi, Cabinet Secretary for Energy and Petroleum, said on Monday, as companies are finalizing an asset sale and development project plans for an onshore resource basin.

Crude Oil 328
article thumbnail

What Are Iran And Russia Really Up To In The Caspian Sea?

OilPrice

Iran is making “good progress” on its first concerted oil drilling operation in the Caspian Sea in 30 years, a senior energy source who works closely with the Islamic Republic’s Petroleum Ministry exclusively told OilPrice.com over the weekend. Official estimates are that this…

Petroleum 334
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Nigeria’s Mega Refinery Halts Petroleum Sales in Naira

OilPrice

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 date, our sales of petroleum products in naira have

Petroleum 277
article thumbnail

Record Refining Helps Saudi Oil Income amid Crude Price Decline

OilPrice

Saudi Arabias oil revenues have been suffering from the oil price slump during the second quarter. While Saudi Arabia has been restricting crude oil production and exports as part of the OPEC+ deal, it has been running refineries at near-record levels this year and exporting record-high volumes of refined petroleum products.

Oil 275
article thumbnail

Tanzania Plans to Launch Its First Oil and Gas Bid Round in Over a Decade

OilPrice

Tanzania plans to launch in May its fifth oil and gas licensing round for 26 exploration blocks in what will be the East African countrys first such bidding round since 2014.

IT 266
article thumbnail

EIA Paints Bearish Picture for Oil Market With Record Supply, Low Demand

OilPrice

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. Total petroleum product supplieda broad proxy 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.

Crude Oil 287
article thumbnail

Iran Targets Dramatic Output Increase From Oil Fields Bordering Iraq

OilPrice

Iran is targeting a dramatic increase in oil production from the fields it shares with neighbouring Iraq, according to the chief executive officer of its Petroleum Engineering and Development Company (PEDEC), Nasrollah Zarei. Other notable major shared fields among many others -- are Azar (on the

Field 277