In the wake of the demand collapse and lower refinery utilization rates, storage levels for crude oil have finally peaked and are starting to decline as the economic recovery from COVID-19 begins.

In middle distillates, the EIA estimated an inventory decline of 100,000 barrels for the week to November 15, with production ...

The UAE and Japan signed a crude storage agreement, which will further bolster partnerships between oil and gas firms. The agreement was reached following meeting between His Highness Sheikh ...

This image shows China's first independently developed FPSO unit "Haikui No. 1." Photo: VCG Workers unmoor "Haikui No. 1" in Qingdao, East China's Shandong Province, on May 12, 2024. Photo: VCG ...

Senator Heineken Lokpobiri, on Wednesday, said Nigeria's quest to boost crude oil production is making significant strides, ...

Di four state-owned refineries for Nigeria wey dey Port Harcourt, Kaduna, and Warri stop operations since 2019, wey force di Federal Goment into foreign refining of dia crude oil. Dis really affect ...

China awarded additional crude import quotas to independent refiners, potentially boosting imports despite a weak overall ...

NNPC’s new FPSO has ramps up production to 60,000 bpd, while Utapate crude blend has entered the global oil market.

U.S. crude oil stockpiles fell last week, while gasoline and distillate inventories rose, the Energy Information ...