Oil market

Oil Refinery
India Approves $3.4 Billion Payout to State-Run Refiners for Cooking Gas Losses
India’s government approved a 300 billion rupee ($3.4 billion) compensation package for state-owned oil marketing companies to cover losses from providing…
Crude Oil
Basrah Crude Prices Surge Over 5% as Oil Markets Recover
Basrah crude oil prices climbed more than 5%.Basrah Heavy crude increased by $3.74, or 5.08%, to $77.30 per barrel, while Basrah Medium crude climbed by $3.79, …
Crude Oil
OPEC Oil Production Falls as UAE Leads Supply Cuts
Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) declined last month, as the United Arab Emirates (UAE) intensified supply…
Oil Refinery
Oil Marketers Want FG to Privatise Kaduna, Warri Refineries
Oil marketers, represented by the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), have called on the Federal Government to privatise …
Crude Oil
OPEC Daily Crude Output up 0.5% in Nov.
Crude oil production from the Organization of Petroleum Exporting Countries (OPEC) increased by 0.5%, or by 104,000 barrels per day (bpd), in November to averag…
LNG
IEA Says Global Oil Market Faces a Million-Barrel Glut Next Year
Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, cushioning prices against turmoil in the…
Oil & Gas Trade
Totalenergies to Sell 50% Stake in Pakistan Oil Marketing Firm to Gunvor Group
An employee of Total Parco gas station holding a nozzle as he prepares to fill fuel in a vehicle in Karachi, Pakistan April 2, 2019. REUTERS/Akhtar Soomro/File …
Crude Oil
EIA Sees Tighter US Oil Market for 2024, Lowers Price Outlook
Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB…
Oil & Gas Supply
IEA Sees Relatively Well Supplied Oil Market in 2024
A view of the logo of the International Energy Agency in Paris, France, December 15, 2023. REUTERS/Sarah Meyssonnier/File Photo Purchase Licensing RightsThe glo…
Oil&Gas Drilling
India Defers $602 Million Plan to Fill Parts of Strategic Petroleum Reserve
India has deferred a 50-billion-rupee ($601.78 million) plan to fill parts of its strategic petroleum reserve, keeping in mind emerging trends in oil markets, t…
Oil & Gas Trade
Saudi Arabia, Japan Seek Stable Global Oil Markets, Energy Supply
Saudi Arabia and Japan underlined the need to support stable global oil markets and secure stable global energy supply by promoting dialogue between oil produce…
Electric Vehicle Charging
Indian Oil Corporation Launches First Electric Vehicle Battery-Swapping Station in Calcutta
Indian Oil Corporation (IOC) on Monday opened its first battery-swapping station in Kolkata for electric vehicles (EV).The oil marketing PSU opened the facility…
Crude Oil
Saudi Energy Minister Says OPEC+ Cuts Were Needed to Stabilize Oil Market
Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks during 10th Arab-China Business Conference in Riyadh, Saudi Arabia, June 11, 20…
Oil & Gas Supply
Marketers Get Foreign Investors' Backing for 30,000 Gas Stations
Oil marketers, on Sunday, confirmed that they have received the nod of domestic and international financiers to develop about 30,000 gas stations nationwide.It …
Oil&Gas Drilling
Saudi Output Cuts Helping Drive up Global Oil Markets
General view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah/File PhotoPrices for sour crude…

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Oil market

India Approves $3.4 Billion Payout to State-Run Refiners for Cooking Gas Losses

Basrah Crude Prices Surge Over 5% as Oil Markets Recover

OPEC Oil Production Falls as UAE Leads Supply Cuts

Oil Marketers Want FG to Privatise Kaduna, Warri Refineries

OPEC Daily Crude Output up 0.5% in Nov.

IEA Says Global Oil Market Faces a Million-Barrel Glut Next Year

Totalenergies to Sell 50% Stake in Pakistan Oil Marketing Firm to Gunvor Group

EIA Sees Tighter US Oil Market for 2024, Lowers Price Outlook

IEA Sees Relatively Well Supplied Oil Market in 2024

India Defers $602 Million Plan to Fill Parts of Strategic Petroleum Reserve

Saudi Arabia, Japan Seek Stable Global Oil Markets, Energy Supply

Indian Oil Corporation Launches First Electric Vehicle Battery-Swapping Station in Calcutta

Saudi Energy Minister Says OPEC+ Cuts Were Needed to Stabilize Oil Market

Marketers Get Foreign Investors' Backing for 30,000 Gas Stations

Saudi Output Cuts Helping Drive up Global Oil Markets