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News
Gulf Refining Strains Ripple Through Global Markets
3+ day, 14+ hour ago (270+ words) Energy Intelligence Gulf Refining Strains Ripple Through Global Markets A fresh wave of attacks and retaliatory strikes this week on tankers and other energy assets underscores the continued risk to energy exports from the Mideast Gulf. The escalations are particularly…...
Opec-Plus Output Slides in August on Red Sea Disruptions
3+ day, 13+ hour ago (59+ words) Energy Intelligence Opec-Plus Output Slides in August on Red Sea Disruptions Crude oil production by the 21 members of Opec-plus declined for the first time in three months in August, as disruptions to Saudi flows through the Bab al-Mandeb strait significantly…...
China's Return to Buying 'Spooks' Crude Market Players
3+ day, 14+ hour ago (293+ words) Energy Intelligence China's Return to Buying 'Spooks' Crude Market Players Chinese buyers are back in the crude oil spot market, threatening a tenuous balance they helped strike earlier in the year when they slowed crude imports and enabled an undersupplied…...
Shell Deepens Angola Push With Two New Blocks
3+ day, 15+ hour ago (46+ words) Energy Intelligence Shell Deepens Angola Push With Two New Blocks Shell and partners QatarEnergy and state-owned Sonangol have signed preliminary "heads of terms" agreements covering risk service contracts for Blocks 8 and 22 in Angola’s offshore Kwanza Basin....
Hormuz Export Rebound Pulls Iraq Oil Output Higher
5+ day, 19+ hour ago (65+ words) energyintel.com Hormuz Export Rebound Pulls Iraq Oil Output Higher Iraq’s crude production climbed to 3.37 million barrels per day in August, Energy Intelligence assesses, up from 2.77 million b/d in July, as a sharp recovery in exports through the Strait…...
China Starts Ramping Up Crude Imports
5+ day, 20+ hour ago (40+ words) energyintel.com China Starts Ramping Up Crude Imports Chinese refiners are slowly coming back to the market, industry experts say, after scaling back crude oil imports and helping shield global markets from Middle East disruptions....
Nigeria’s Dangote Poised for Big Upstream Push
1+ week, 4+ day ago (57+ words) Energy Intelligence Nigeria’s Dangote Poised for Big Upstream Push Dangote upstream subsidiary West African Exploration and Production (WAEP) is set to launch a major drilling campaign at a cost of up to $800 million, aimed at boosting output by around 60,000 barrels…...
Russian Crude Exports Fall in August as Drones Disrupt Loadings
1+ week, 4+ day ago (73+ words) Energy Intelligence Russian Crude Exports Fall in August as Drones Disrupt Loadings Russia's crude oil exports fell in August as Ukraine renewed attacks on Russia's export infrastructure and disrupted operations at its key Black Sea outlet. At the same time,…...
Russian Exports: Product Shipments Collapse, Crude Soars
1+ week, 5+ day ago (108+ words) Energy Intelligence Russian Exports: Product Shipments Collapse, Crude Soars - Russia’s exports of petroleum products plummeted to below 1.2 million b/d in July, down 200,000 b/d compared with June and more than 50% below year-ago levels, due to widespread refinery outages. - Crude…...
US Gulf Coast Refiners Ready for More Venezuelan Crude
1+ week, 5+ day ago (50+ words) Energy Intelligence US Gulf Coast Refiners Ready for More Venezuelan Crude Venezuela's crude production and loadings appear to have hit a temporary plateau, although markets for the South American country’s heavy barrels continue to develop, particularly along the US Gulf…...