Latest News for: Crude oil production


First day sees 4,475 lots of crude options traded

China Daily 22 Jun 2021
The yuan-denominated crude oil futures launched at the INE in March 2018 are the underlying securities for the option products, which started trading on Monday ... The yuan-denominated crude oil futures unveiled in 2018 was the exchange's first international product, with its trading ...

India's crude output slips 6.3% in May, gas production jumps

Live Mint 22 Jun 2021
Crude oil production at 2.43 million tonne in May was 6.32% lower than 2.6 million tonne output in the same month last year, according to the latest data released by Ministry of Petroleum and Natural Gas ... As demand picked up with easing of Covid restrictions, refineries processed 16 per cent more crude oil in May at about 19 million tonne.

Adnoc signs agreement with South Korea's SKEC to build world's largest crude storage facility

The National 22 Jun 2021
Abu Dhabi, which accounts for 4.2 per cent of global crude production, has been ... Fujairah, just outside the congested Strait of Hormuz, is being developed as an alternative to the waterway and has the capacity to handle as much as 60 million barrels of crude and oil products.

Rising crude prices get Oil India a re-rating; analysts see 55% upside

The Times of India 22 Jun 2021
Gradual but rapid rise in crude oil prices and petroleum products may have put strain on the foreheads of Indian policymakers, but there is one section on Dalal Street who is not complaining ... The bank raised its Brent crude oil price forecast to $68 per barrel from $63 earlier.

Brent crude eases below $75 a barrel

Business Day 22 Jun 2021
LondonCrude oil prices retreated on Tuesday, after Brent rose above $75 a barrel for the first time since April 2019 and as Opec+ begins discussions on raising oil production, but a strong demand outlook underpinned prices. Brent crude futures fell 53c, or 0.7%, to $74.37/bbl ...

South Sudan oil block resumes production after 7 years

Anadolu Agency 22 Jun 2021
South Sudan has officially resumed production of crude oil after a 7-year hiatus, the country's oil minister said Monday. The production has begun in Block 5A and the unit is seeking a production of ...

Petroleum Coke Market Global Analysis And Latest Study Report

The Sentinel Newspaper 22 Jun 2021
Petroleum coke or petcoke, a solid rock material is a byproduct of crude oil refining and other cracking processes ... Crude oil remained after separating other valuable petroleum products from refining process such as diesel, lubricants, waxes, etc ... The advancement in technology that increased the oil production is also driving the market globally.

DarkSide hack on Colonial Pipeline fuels regulators to require better cybersecurity protection

The Oklahoman 22 Jun 2021
It also exposed a significant vulnerability when it comes to pipelines that move crude oil, refined petroleum products and other volatile liquids across the nation, and federal authorities are telling pipeline owners and operators they need to address those issues right away.

Crude Oil, Natural Gas Output Fall In May 2021

NDTV 22 Jun 2021
India's crude oil production fell by 5.78 per cent to 2,437.96 thousand metric tonnes in May 2021, against the target of 2,578 thousand metric tonnes ... .

Beijing's foreign trade reaches 1.15 trln yuan in first 5 months

Urdu Point 22 Jun 2021
dollars) in the first five months of this year, customs data showed ... Over the period, crude oil, automobiles and agricultural products were the main commodities driving import growth, and the total import value of the three commodities increased by 13 percent, 74 ... ....

Korea Continues to Explore Privatization of HMM

The Maritime Executive 22 Jun 2021
As part of a plan to privatize some of South Korea’s large industrial companies to enhance their competitiveness, officials of the Korea Development Bank confirmed they are in discussions exploring a sale of their stake in shipping giant HMM ... HMM also continues to operate smaller fleets of product and crude oil tankers and bulkers ... ....

Magellan and Enterprise Team Up With Intercontinental Exchange for New Houston Crude Oil Futures Contract

The Marshall News Messenger 21 Jun 2021
is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals.

Saudi Aramco announces completion of share sale worth $12.4bn

Sify 21 Jun 2021
will receive a tariff payable by Aramco for stabilised crude oil flows, backed by minimum volume commitments ... The transaction does not impose any restrictions on Aramco's actual crude oil production volumes, which are subject to production decisions made by the Kingdom.

Oil India Q4 results: Net profit falls 8% to Rs 848 cr

The Times of India 21 Jun 2021
, the nation's second-largest state oil explorer, on Monday reported 8 per cent drop in March quarter net profit on lower crude oil production ... Crude oil production for 2020-21 at 2.964 million tonne was 5.42 per cent lower than the 3.134 million tonne output during 2019-20.

Most Viewed