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Oil stockpiles shrinking in China, world’s biggest crude buyer, amid market glut

Wednesday, 20 May 2020

The great oil glut of 2020 may have already peaked in the world’s biggest crude importer.Crude ......

Saudi stocks climb up on higher oil prices, real estate stocks weigh on Dubai index

Wednesday, 20 May 2020

Saudi Arabian stocks rose in early trade on Sunday led by banks, mirroring Friday’s gains in oil ......

Oil prices up, heads for second week of gain on demand hopes, output cuts

Wednesday, 20 May 2020

Oil prices rose on Friday and were on course for a second consecutive week of gains as more ......

Oil price could hit $100 per barrel in future after market glut, coronavirus: Expert

Wednesday, 20 May 2020

Oil prices could surge to $100 barrel within the next two years, according to a senior analyst at US ......

UAE’s ADNOC says Panorama command center generated over $1 billion in value

Wednesday, 20 May 2020

The UAE’s Abu Dhabi National Oil Company (ADNOC) said on Tuesday that its Panorama Digital Command ......

Saudi Arabia winning the fight for oil market share as prices fall, experts say

Wednesday, 20 May 2020

The uneasy truce that settled over oil markets this month as some of the world’s largest producers ......

US shale oil firms say oil price of $30 per barrel enough to start fracking new wells

Wednesday, 20 May 2020

A pair of prominent shale producers said all they need is oil around $30 a barrel to consider ......

Texas regulators to vote on mandatory output cuts while oil price recovers

Wednesday, 20 May 2020

A Texas oil regulator is set to meet on Tuesday to vote on whether the state will mandate oil ......

Venezuelan oil tanks burst while global crude storage fills to the brim

Wednesday, 20 May 2020

Oil storage tanks at a Venezuelan facility burst and began leaking crude oil for four days, while ......

India holds 50 million barrels of cheap oil at sea as onshore tanks fill to the brim

Wednesday, 20 May 2020

Indian refiners are taking advantage of cheap oil to bulk up its supplies even as every corner of ......

Bank of China to bear some of investor’s $1 billion oil losses after price collapse

Wednesday, 20 May 2020

Bank of China Ltd. told clients it’s willing to shoulder part of the $1 billion loss suffered by ......

Texas oil regulator says mandated output cuts are ‘dead’

Wednesday, 20 May 2020

A lame-duck Texas regulator who had proposed mandating oil production cuts is now calling those ......

Oil drops after three-day gain as funds remain skittish on market glut

Wednesday, 20 May 2020

Oil snapped a three-day gain as exchange-traded funds avoided nearer-term contracts following last ......

Ahead of Opec+ cuts, Russian output jumped to 11.35 mln bpd in April

Wednesday, 20 May 2020

Russia raised oil and gas condensate output in April to 46.45 million tons, or 11.35 million barrels ......

Here's how Mexico's secret oil bet will pay out $6 billion while crude prices tumble

Wednesday, 20 May 2020

Mexican President Andres Manuel Lopez Obrador said last week that the country’s oil hedging program ......

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