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OPEC & Crude Oil News Monitoring

  • Published on Mar 28, 2023

    Diversion from Sophisticated Pipelines, Others Responsible for Crude Oil Theft, Panel Tells Nsa

    The Special Investigative Panel on Oil Theft/Losses in Nigeria submitted its report to the National Security Adviser (NSA), Maj.-Gen. Babagana Monguno (Rtd), on Monday, March 27, 2023, attributed the cause of crude oil racketeering to a lack of proper …

    Source: Best Naira News - Uncategorized
  • Published on Mar 27, 2023

    French Pension strikes to affect Nigeria’s crude oil export in Q2

    Key highlights Nigerian crude revenues could drop due to France’s strike action and Brent crude price drop projections. France is Nigeria’s third-largest export destination for crude oil. 20-25 shipments of Nigerian crude for April loading are still …

    Source: Nairametrics - Neutral
  • Published on Mar 27, 2023

    Oman’s crude oil, condensates production hits 29.7 million barrels in February

    Muscat: The Sultanate of Oman’s production of crude oil and condensates during February 2023 stood at 29.7 million barrels, or a daily average of 1.06 million barrels, thus maintaining the same production rates compared to January 2023. The figure confirms …

    Source: Times of Oman - Pro-Government
  • Published on Mar 29, 2023

    Saudi Arabia takes step to join China-led security bloc, as ties with Beijing strengthen

    The symbol of the Shanghai Cooperation Organisation and the flags of its member states and observer states. Peng Song | Moment | Getty Images Saudi Arabia's cabinet approved a decision to join a China-led security bloc, strengthening Riyadh's …

    Source: CNBC - Neutral
  • Published on Mar 29, 2023

    U.N. Climate Report Sounds Alarm Ahead of COP28 in the UAE

    The United Nations’ March 20 report is a clarion call for urgent action to limit global warming before it reaches an unsustainable level and may galvanize decarbonization efforts ahead of the U.N. Climate Change Conference, COP28, in November in the United …

    Source: Arab Gulf States Institute in Washington - Label Pending
  • Published on Mar 29, 2023

    Iraq ordered to pay compensation to Türkiye in oil dispute

    Iraq has been ordered by the International Chamber of Commerce (ICC) to pay compensation to Ankara in a longstanding arbitration case related to oil exports from the country's semi-autonomous northern region via Türkiye, a statement said Tuesday. The …

    Source: Daily Sabah - Label Pending
  • Published on Mar 29, 2023

    South Korea's reliance on Saudi crude on track to reach 18-year high in 2023

    Highlights Share of Saudi crude in total Jan-Feb refinery feedstock imports at 33.6% No Russian shipment in Feb, fewer arrivals from US Refiners to cut throughput amid tepid economic activity, low consumer confidence South Korea is increasingly relying on …

    Source: S&P Global - Neutral
  • Published on Mar 29, 2023

    Presidential Panel: Poor Metering System, Improper Reporting of Crude Production, Diversion from Pipelines, Aiding Oil ...

    Kingsley Nwezeh in Abuja The Maj Gen Barry Ndiomu-led Special Investigative Panel on Oil Theft/Losses in Nigeria has submitted its report to the National Security Adviser (NSA), Maj Gen Babagana Monguno (rtd). A statement signed by Head, Strategic …

    Source: This Day - Uncategorized
  • Published on Mar 24, 2023

    Crude oil sharply lower; Banking, SPR worries weigh

    By Peter Nurse    Investing.com -- Oil prices sharply retreated Friday, falling to their lowest levels this week on simmering concerns over the banking sector and after the U.S. government backed away from its intention to immediately refill the Strategic …

    Source: Investing - Neutral
  • Published on Mar 23, 2023

    Crude oil lower on growth concerns, rising U.S. inventories

    By Peter Nurse    Investing.com -- Oil prices retreated Thursday, snapping a three-day rally, after a surprise rise in U.S. crude stockpiles and with the Federal Reserve highlighting global growth concerns. By 09:15 ET (13:15 GMT), U.S. crude futures …

    Source: Investing - Neutral
  • Published on Mar 29, 2023

    Saturn Oil & Gas Inc. Reports 2022 Year-End Results

    Calgary, Alberta--(Newsfile Corp. - March 28, 2023) - Saturn Oil & Gas Inc. SOIL SMKA OILSF ("Saturn" or the "Company") is pleased to report its financial and operating results for the three and twelve months ended December 31, 2022 …

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  • Published on Mar 28, 2023

    15 Biggest Private Oil Companies in the World

    In this article, we will discuss the 15 Biggest Private Oil Companies in the World. You can skip our industry overview and go directly to the 5 Biggest Private Oil Companies in the World. Oil is an essential resource powering industries and economies …

    Source: Insider Monkey - Neutral
  • Published on Mar 28, 2023

    Russian Oil Exports to India Surge 2,200% Following European Sanctions

    Russia has increased its oil exports to India by a massive 2,200% since sanctions over the invasion of Ukraine cut the country off from its European markets, Russian Deputy Prime Minister Alexander Novak said Tuesday. “Most of our energy resources have …

    Source: The Moscow Times - Neutral
  • Published on Mar 28, 2023

    Falling oil price only explanation for low fuel prices

    The slipping global oil price is the only explanation for the low fuel prices Ghanaians are now enjoying at the pump.   Weakened oil demand is triggered by fears of global recession coupled with the high interest rates by central banks to fight inflation. …

    Source: Myjoyonline.com - Label Pending
  • Published on Mar 28, 2023

    Pakistan faces dilemma as major allies join hands in emerging crude bloc

    Writing for Dawn, author Syed Rashid Husain points out that the announcement of a deal between Iran and Saudi Arabia brokered by China on March 10th took the world by surprise.  According to the author this unexpected development not only has significant …

    Source: Profit by Pakistan Today - Neutral
  • Published on Mar 28, 2023

    FG panel on oil theft/losses submits report to NSA

    From Molly Kilete, Abuja     The Special Investigative Panel set up by the federal government to investigate Oil Theft/Losses in Nigeria has submitted its report. The panel headed by Major General Barry Ndiomu, submitted its report to the National …

    Source: The Sun Nigeria - Uncategorized
  • Published on Mar 28, 2023

    Nigeria’s external reserves falls to 18 months low

    Key highlights Nigeria’s external reserves lost nearly N1 billion in one month as it dropped to $35.74 billion as of March 24, 2023. This is the lowest balance in about 18 months, since the reserves fell to $35.73 billion on September 20, 2021. Despite the …

    Source: Nairametrics - Neutral
  • Published on Mar 28, 2023

    Tanker Market Firming Up

    The tanker market’s prospects look brighter by the day. In its latest weekly report, shipbroker Intermodal said that “the crude tanker market continues to gather momentum as we head towards the end of 1Q2023, against a backdrop of strong U.S. exports …

    Source: Hellenic Shipping News - Neutral
  • Published on Mar 27, 2023

    Omani crude output averages 1.06 mbpd in February

    MUSCAT: The Sultanate of Oman's production of crude oil and condensate oil during the month of February reached 29.7 million barrels, which translates to a daily output of 1.06 million barrels, thus maintaining the production rate witnessed in January …

    Source: Oman Observer - Gov't Propaganda

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  • Published on March 29, 2023 - 01:35 GMT

    Saturn Oil & Gas Inc. Reports 2022 Year-End Results

    Calgary, Alberta--(Newsfile Corp. - March 28, 2023) - Saturn Oil & Gas Inc. SOIL SMKA OILSF ("Saturn" or the "Company") is pleased to report its financial and operating results for the three and twelve months ended December 31, 2022 …

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  • Published on March 22, 2023 - 08:23 GMT

    Alexander Novak’s statement on developments on the oil market

    RUSSIA, March 21 - Today the global oil market is under unprecedented negative pressure from unnatural, man-made factors that create great volatility and uncertainty. These factors include the Western countries’ short-sighted energy agenda aimed at …

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