Oil News

NIOC Announces Crude Oil Delivery Starts from Goreh to Jask
Iran >> 5/19/2021 - The CEO of the National Iranian Oil Company (NIOC) announced the start of the operation to send crude oil from Goreh to Jask. ...
VAALCO Enters Into Additional Crude Oil Derivative Contracts
Gabon >> 5/11/2021 - VAALCO Energy, Inc. has entered into crude oil commodity swap agreements for a total of 672,533 barrels at a Dated Brent weighted average price of $66.51 per barrel for the period from and including M...
PetroChina & China Post Signed a Product Oil Supply Agreement
China >> 4/20/2021 - PetroChina and China Post signed a product oil supply agreement in Beijing and jointly held a working meeting on oil cooperation promotion, aiming to implement the strategic cooperation signed by the ...
DOE Announces Notice of Sale of Crude Oil from the Strategic Petroleum Reserve
United States >> 4/16/2021 - The U.S. Department of Energy’s (DOE) Office of Fossil Energy (FE) announced a Notice of Sale of crude oil from the Strategic Petroleum Reserve (SPR).

DOE intends to sell up to nine million...
PetroTal Announces Oil Sales and Risk Management Update
Brazil >> 3/31/2021 - PetroTal Corp. is pleased to announce the second export of Bretana crude oil into the Atlantic region through Brazil and the execution of crude oil price derivative contracts. All currency amounts are...
Agreement between PEMEX & the Mexican Association of Petroleum Companies
Mexico >> 3/18/2021 - Petroleos Mexicanos (PEMEX) and the Asociacion Mexicana de Empresas del Sector Petrolero AC (AMESPAC), since September 2020, have been working together to optimize payment and financing schemes for th...
PKN ORLEN Signed an Oil Supply Reduction Contract with Rosneft
Poland >> 3/16/2021 - ?PKN ORLEN has signed an oil supply contract with Rosneft, with the monthly contract volume amounting to 300,000 tonnes of oil, as agreed with the Russian partners during negotiations. The volume redu...
Oil Market is Unchanging Currently
Iran >> 3/6/2021 - Iran’s Minister of Petroleum, Bijan Zangeneh, said after the 14th OPEC and non-OPEC Ministerial Meeting held on Thursday via video conference that there is stability in oil market at present. ...
Alexander Novak Takes Part in the 14th OPEC & non-OPEC Ministerial Meeting
Russia >> 3/5/2021 - Following consultations via videoconference, the ministers of producing countries decided to maintain the current March production levels for April, while Russia will be able to increase oil productio...
Prax Agrees Exclusive Crude Oil Supply Arrangement with Trafigura
United Kingdom >> 3/1/2021 - The Prax Group, a leading independent oil refining, trading, storage, distribution and retail conglomerate dealing in petroleum products and bio-fuels, has announced that it has completed an exclusive...
A New Era of Export Oil Operations in Kuwait
Kuwait >> 2/24/2021 - Taking the operations of one of the Middle East’s biggest upstream projects into a new era, our Lower Fars heavy oil development project team has completed the successful integration of Kuwait Oil Com...
DOE Announces Crude Oil Sale Notice from the Strategic Petroleum Reserve
United States >> 2/11/2021 - The U.S. Department of Energy’s (DOE) Office of Fossil Energy announced a Notice of Sale of crude oil from the Strategic Petroleum Reserve (SPR). ...
OLCV with Macquarie, Deliver World’s First Shipment of Carbon-Neutral Oil
India >> 1/28/2021 - Oxy Low Carbon Ventures (OLCV), a division of Occidental announced the delivery of two million barrels of carbon-neutral oil1 to Reliance Industries in India. This transaction, which was arranged in c...
Spirit Energy Enters into Long-Term Cooperation Agreements
Norway >> 1/22/2021 - Spirit Energy Norway AS enters into five-year agreements with three supplier companies. The agreements are a continuation of a new type of supplier collaboration that was started in 2015, and which ha...
API Statement on Natural Gas & Oil Leasing on Federal Lands & Waters
United States >> 1/21/2021 - American Petroleum Institute President and CEO Mike Sommers issued the following statement regarding the Department of Interior’s action impeding natural gas and oil development on federal lands and w...
Iran Creates New Capacities in the Field of Oil Sales
Iran >> 1/11/2021 - Iranian Minister of Petroleum Bijan Zangeneh announced Iran's creation of new capacities in the field of oil sales as well as transmission and receiving oil money despite the sanctions on the country....
Future Months Decisive for Oil Market
Iran >> 1/5/2021 - Iran’s Minister of Petroleum, Bijan Zangeneh, said on Monday that future months are determining for oil market in terms of supply-demand uncertainties. ...
PetroTal Completes First Oil Export Sale through Brazilian Terminal
Brazil >> 12/30/2020 - PetroTal Corp. has announced the first export of Bretana oil into the Atlantic region through Brazil. This provides PetroTal with an additional option to monetize oil sales, beyond the Company’s exist...
PetroTal Recommences Oil Sales into the Pipeline
United States >> 12/29/2020 - PetroTal Corp. has announced that social issues affecting the Northern Oil Pipeline (“ONP”), operated by Petroperu, have now been resolved. As a result, PetroTal has now recommenced oil deliveries at ...
CPC Taiwan Lauds Successful Chadian Experience of Crude Oil Production
Chad >> 12/23/2020 - CPC Corporation, Taiwan (CPC) has been exploring for oil in Africa for decades. In 2006, it signed a contract with Chad’s Ministry of Petroleum and Energy under the name of OPIC Africa. In 2011, it di...

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