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Saudi Arabia Crude Oil Exports Rise for Second Consecutive Month

2020-10-20 11:15:00| OGI

Additionally, Saudi Arabia's crude oil output rose by 500,000 bbl/d to 8.98 million bbl/d in August, official figures showed.

Tags: month oil rise arabia

 

US Crude Oil Production to Fall Less in 2020 Than Previously Forecast

2020-10-06 20:00:00| OGI

U.S. energy firms last week added oil and natural gas rigs for a third week in a row for the first time since October 2018 after price increases in recent months prompted some producers to start drilling again.

Tags: fall production previously oil

 
 

Column: Chinas US Crude Oil Imports to Hit Record in September

2020-09-22 11:10:00| OGI

Vessel-tracking and port data compiled by Refinitiv indicates China will import 867,300 bbl/d of U.S. crude oil in September, exceeding 653,870 bbl/d in August and 693,500 bbl/d in July.

Tags: september record hit oil

 

Opinion: Crude Oil Industry Starts to Hear Echoes of Coals Demise

2020-09-21 11:00:00| OGI

The problem for the crude oil industry is that it can't really predict the demand side of the equation with any accuracy, given the uncertain nature of the recovery from the COVIE-19 pandemic.

Tags: industry opinion hear oil

 

US Crude Oil Stocks End Streak of Inventory Drawdowns with Surprise Build

2020-09-10 21:35:00| OGI

Crude inventories rose by 2 million barrels in the week to Sept. 4 to 500.4 million barrels, according to an EIA report, compared with analysts' expectations in a Reuters poll for a 1.3 million-barrel drop.

Tags: end build oil inventory

 

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