Crude Oil

OPEC+ May Stick with Deep Oil Cuts for Longer Due to Weak Demand

Despite OPEC+'s cuts and delays to output hikes, oil prices have mostly stayed in the $70-$80 per barrel range this year.

Peru's State Oil Firm Could Open to Private Investors in 2025

PetroPeru lost its investment grade from rating agencies in 2022 due to a crisis following an investment of $6.5 billion to modernize its Talara refinery.

China, Brazil Strengthen Collaboration in Deep-Sea Oil and Gas Exploration

Brazil recently stated its desire to expand energy cooperation with China, stating that it sees China as a reliable, stable, and long-term partner.

Saudi Arabia To Reduce Crude Oil Exports To China In September

Saudi Arabia is expected to ship lower volumes of crude oil to the world's top importer, China, next month, as official Saudi term prices were raised for September.

Oil Settles Flat as Escalation of Ukraine War Counters Sverdrup Field Restart

The restart and a stronger U.S. dollar weighed on market sentiment on Tuesday, UBS analyst Giovanni Staunovo said.

Dangote Seeks Funding to Secure Crude for Mega Oil Refinery

The refinery will need to invest around $2 billion in every three months so as to ensure a minimum supply of 300,000 barrels per day.

Saudi Arabia's Crude Oil Exports Hit a 3-Month High in September

Saudi Arabia's production also fell to 8.975 million barrels per day from 8.992 million barrels per day in August.

Oil Prices Rise over 3% on Sverdrup Outage, Ukraine War Escalation

Russia unleashed its largest airstrike on Ukraine in almost three months on Sunday, causing severe damage to the country's power system.

Aramco, Sinopec Commenced Construction of New $10 Billion Petrochem Complex

Two years back, Sinopec and Aramco signed a preliminary agreement to build Fujian Petrochemical, in partnership with the Fujian government.

Ghana Reports 10.7% Increase in Oil Production

Additionally, Ghana’s gas production rose by 7.5%, reaching 139.86 million standard cubic feet during the same timeframe.

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Crude Oil Prices

Alabama Heavy Asphaltic Sour		53.45
Alabama Light Sour		59.39
Alabama Light Sour Womack Hill Type		55.28
Alabama Light Sweet		64.39
Alabama/ Florida Panhandle		62.12

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