Environment & Safety Gas Processing/LNG Maintenance & Reliability Petrochemicals Process Control Process Optimization Project Management Refining

Crude oil

OPEC says IEA estimate of peak fossil fuel demand by 2030 not 'fact-based'

The Organization of the Petroleum Exporting Countries said data-based forecasts do not support the International Energy Agency's projection that demand for fossil fuels would peak in 2030.

Four eastern Libyan oil ports reopen after closing Sept 9 due to storm

Four major oil ports in Libya have reopened after shutting down on Saturday following a powerful storm that swept the country.

Nigeria awards 42 contracts under delayed flaring program

Nigeria has awarded contracts to 42 companies under a program to harness gas which is released as a byproduct of oil production.

As Saudi oil cuts raise prices, Asia refineries buy elsewhere

Refiners across the top-importing region of Asia are being forced to adapt buying patterns as the additional output cuts by Saudi Arabia have reduced availability of their preferred medium sour grades of crude.

Russia's Sakhalin Energy resumes operations in full after maintenance

Russia's Sakhalin Energy, which produces liquefied natural gas and oil, has fully resumed production following maintenance.

Russia to deliver second oil cargo to Brazil in September

Russia loaded the second oil cargo for delivery to Brazil in September.

Europe set for light autumn refinery maintenance as fuel markets tighten

European oil refiners are set to have an autumn maintenance season less busy than usual as they try to capture higher profit margins amid low fuel inventories and robust demand for gasoline and diesel.

Russia ships first oil cargo to Brazil as it seeks to diversify buyers

Russia is shipping its first crude oil cargo to Brazil, as it seeks to diversify its list of buyers, which has been drastically limited by U.S. and EU sanctions.

U.S. says it disrupts illicit oil shipment by Iran's IRGC, seizes contraband crude

The U.S. said it has halted a multi-million dollar shipment of crude oil by the Islamic Revolutionary Guard Corps being shipped in violation of sanctions against Iran, and seized more than 980,000 barrels of contraband crude oil.

Oil cut extension raises risk of Saudi economic contraction this year

Saudi Arabia faces the risk of an economic contraction this year following its decision to extend crude production cuts, highlighting its still heavy reliance on oil as reforms to diversify are slow moving.