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Nigeria's Refining Capacity Rises to 26 Percent

16/04/2014
The Nigerian National Petroleum Corporation, NNPC, has put the combined average capacity utilisation

Russia's May oil export duty seen falling to 10-month low

16/04/2014
Russia's oil export duty is expected to decrease almost 3 percent month-on-month in May to a ten-month

Oil price rises but gains tempered by slowdown in China's 1Q economic growth

16/04/2014
The price of oil rose Wednesday as Ukraine took action against pro-Russian separatists in its east but slower

Iran set to build oil refineries in this Islamic country

16/04/2014
The head of Iran’s Oil, Gas and Petrochemical Products Exporters Union says the Islamic Republic plans

High oil prices do not mean high international reserves

16/04/2014
The reasons for constraints of foreign currency at the official exchange rate for key sectors of the Venezuelan economy include

Crude oil production in Caspian Sea can reach 200 million tons per year by 2021-2024

16/04/2014
Crude oil production in the Caspian Sea can reach 200 million tons per year by 2021-2024, and gas production can

Azerbaijan’s oil production falls by 3.2% year-on-year

16/04/2014
In March oil production in Azerbaijan increased by 10.5% compared to February 2014. Crude oil production by all producers in Azerbaijan

WTI Oil Drops From 5-Week High on Supply as Brent Falls

16/04/2014
West Texas Intermediate crude fell from a five-week high on forecasts that U.S. inventories increased last

Platts Pre-Report Survey of EIA/API Data Suggests 2.4 Million-Barrel Build in U.S. Crude Oil Stocks

16/04/2014
U.S. commercial crude oil stocks are expected to have increased 2.4 million barrels during the

UAE support for oil price as demand picks up

16/04/2014
Oil prices approaching US$110 a barrel are “acceptable” for producers and consumers, and Opec does not need to change its output target, said the UAE’s deputy energy

Kuwait Sees Crude Production Rising Amid Improved Extraction

16/04/2014
Kuwait plans to increase oil output 23 percent by 2020 as improvements in how crude can be extracted allow the third-largest

Asian gasoil backwardation widens to 4-month high on narrower EFS, firm demand

16/04/2014
The timespread for 500 ppm gasoil swaps in Singapore widened to a four-month high of 83

European fuel oil cracks retreat on closed HSFO arbitrage: trade

16/04/2014
The European fuel oil complex saw crack spreads soften Monday amid a wider strengthening in crude prices, as well as a lack

DNV GL Oil & Gas to expand footprint in West Norway

16/04/2014
DNV GL, the leading technical adviser to the oil & gas industry, is relocating its oil & gas head office in Norway from Høvik to Stavanger

Middle East Crude-June differentials up on Japan demand

16/04/2014
The Middle East crude market firmed on Tuesday with most grades sold at better differentials from last month

Angola to launch tender for 10 new onshore oil blocks on May 30

16/04/2014
Angola will start the tender process for onshore oil exploration at 10 new blocks in the Congo Basin and Kwanza

Sinopec Pays $1.2 Billion for Lukoil Stake in Kazakh Assets

16/04/2014
China Petroleum & Chemical Corp. (386), Asia’s biggest refiner, agreed to pay Russia’s OAO Lukoil about $1.2

Galp beats expectations with big oil output increase

16/04/2014
Portuguese energy company Galp's oil and natural gas output jumped over 19 percent in the first quarter from

How to play crude oil: Dennis Gartman

15/04/2014
Given that tensions between Russia and Ukraine have continued to escalate, Dennis Gartman said that it was no surprise that crude oil prices have bounced. "If you're

U.S. Gulf a "Major Success Story" Four Years after Deepwater Horizon

15/04/2014
The U.S. Gulf is "a major success story" four years after the Deepwater Horizon oil spill, but regulators and industry
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