The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 11.4 million barrels in…
Browsing: OPEC Announcements
Russia’s pipeline operator Transneft has cut crude intake into its system by roughly 250,000 barrels per day after damage at…
Nigeria will launch exports of a new crude grade in March as OPEC’s biggest African oil producer looks to boost…
The surge in Russian crude sales in China and the simultaneous drop in Indian demand for Russia’s oil have prompted…
State-held Kuwait Petroleum Corporation (KPC) is considering following in the footsteps of its Saudi and Abu Dhabi peers by tapping…
Supertanker rates to ship crude on the key Middle East-to-China route have surged to a six-year high as Persian Gulf…
The UK on Tuesday slapped sanctions on Russia’s oil pipeline giant Transneft and targeted Russia’s dark web of illicit oil…
Italy’s Eni is poised to reach next month a final investment decision to develop two offshore gas fields in Indonesia,…
Woodside Energy, Australia’s biggest LNG producer, on Tuesday warned that expectations of a major disruptive glut should not be taken…
India is growing more dependent on imports of crude oil, with the total share of imports in its oil consumption…