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Crude Oil News

Syrian Baniyas Oil Refinery Halted Operations

Syrian Baniyas Oil Refinery Halted Operations

Incidentally, Syria operates a refinery facility in Homs, with a much lesser processing capacity.
China's Oil Consumption to Peak by 2027, Says Top Refiner Sinopec

China's Oil Consumption to Peak by 2027, Says Top Refiner Sinopec

Trump, however, could also reduce tensions in Ukraine and the Middle East, removing some risk premium, she added.
US Presses EU to Align Methane Regulations for LNG

US Presses EU to Align Methane Regulations for LNG

European Union countries approved a law in May to impose methane emissions limits on Europe's oil and gas imports from 2030, pressuring international suppliers to cut leaks of the potent greenhouse gas.
U.S. Crude Exports to Europe Expected to Fall in Jan as Shipping Economics Weaken

U.S. Crude Exports to Europe Expected to Fall in Jan as Shipping Economics Weaken

The decline in stockpiles means U.S. barrels are being priced to stay at home.
U.S. Crude Oil Net Imports in 2025 to Hit Lowest Level Since 1971

U.S. Crude Oil Net Imports in 2025 to Hit Lowest Level Since 1971

This will be mainly on account of rising domestic crude oil production and falling U.S. refinery runs.
Iran’s Revolutionary Guards Control Half of Iran’s Oil Exports

Iran’s Revolutionary Guards Control Half of Iran’s Oil Exports

Additionally, Hezbollah’s budget is estimated at approximately $700 million, with 70%–80% of its funding directly provided by Iran.
Oil Settles Up After US Crude Stocks Fall, Fed's 2025 Outlook Curbs Gains

Oil Settles Up After US Crude Stocks Fall, Fed's 2025 Outlook Curbs Gains

A stronger greenback makes oil more expensive in other countries, which can reduce demand.
Macquarie Forecasts Dip in U.S. Crude Inventories

Macquarie Forecasts Dip in U.S. Crude Inventories

According to the report, the total petroleum stocks on December 6 were 1.628 billion barrels.
Libya’s Oil, Gas and Condensate Production Continues to Rise: NOC

Libya’s Oil, Gas and Condensate Production Continues to Rise: NOC

It will be recalled that the NOC has received huge exceptional annual budgets to increase production – with the support of the government, the Central Bank of Libya and the Audit Bureau.
Kosmos Energy Walks Away from Tullow Oil Acquisition

Kosmos Energy Walks Away from Tullow Oil Acquisition

The two heavily indebted firms are partners in key fields in Ghana.

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