The Latest Breaking News from crude oil

Global political and economic directions shifted as soon as Russian President Vladimir Putin ordered the invasion of Ukraine under a “special operations” mission on 24 February 2022.

Saudi Arabia’s crude oil exports rose for a fifth straight month in October to the highest in 30 months, the International Energy Forum (IEF) said on Monday, citing data from the Joint Organizations Data Initiative (JODI). Crude exports rose about 0.7% to 7.773 million barrels per day (bpd) in October,…

Oman’s production of crude oil and condensate oil increased by 10.4 percent to reach 323.73 million barrels by late October 2022 compared to October 2021, according to the data published by the country’s National Center for Statistics and Information. Crude oil production alone increased by 14.1 percent, while oil condensate…

The operator of a pipeline with a large onshore crude oil spill has reopened all of it except for the stretch in Kansas and northern Oklahoma that includes the site of the rupture

A special exemption from 2017 allowed the Keystone Pipeline to operate at pressures above the standard for crude oil transport, a report from the federal government shows. The exemption is receiving new scrutiny following last week’s oil spill in northern Kansas, the largest in the pipeline’s history.

SET-listed Prima Marine, a provider of marine transport and crude oil and petroleum product storage, is expanding its fleet of vessels to serve growing demand for transport services in Southeast Asia.

The company operating a pipeline that leaked about 14,000 bathtubs’ worth of crude oil into a northeastern Kansas creek is recovering at least a small part of it

The energy industry seems to be at crossroads, given the prospects of demand-supply dynamics. Analysts expect the prices to surge and see continued outperformance in the upcoming months. Hence, quality oil and gas stocks PBF Energy Inc. (PBF) and Adams Resources & Energy, Inc. (AE) might be solid additions to…

Last week’s oil spill in Kansas means that TC Energy Corp.’s Keystone pipeline has now leaked more crude oil than any other conduit on U.S. land in the past 12 years.

The fix is in. During the Thanksgiving holiday, the Biden administration announced it was quietly reversing policy and allowing limited petroleum imports from Venezuela. The Treasury Department lifted restrictions permitting a six-month deal to ease sanctions so that Chevron petroleum may buy and then ship Venezuelan crude oil to American…

Saudi Aramco and Shandong Energy Group are exploring collaboration on integrated refining and petrochemical opportunities in China, the Saudi Arabian Oil Company said in a statement on Friday. The companies have signed a Memorandum of Understanding (MoU) which includes a potential crude oil supply agreement and chemicals products offtake agreement,…