India Approves $3.4 Billion Payout to State-Run Refiners for Cooking Gas Losses
Wedoany.com Report-Aug. 9, India’s government approved a 300 billion rupee ($3.4 billion) compensation package for state-owned oil marketing companies to cover losses from providing subsidized c...
China’s July Crude Oil Imports up 11.5% Year-On-Year
Wedoany.com Report-Aug. 8, China’s crude oil imports in July 2025 increased by 11.5% compared to the same month last year, reaching 47.2 million metric tons, or 11.12 million barrels per day, ac...
Key Oilfield Discovered in SW China
Wedoany.com Report-Aug. 5, China Petroleum and Chemical Corp (Sinopec) has announced the discovery of the Fuxing oilfield in the Sichuan Basin, marking the first shale oilfield in Southwest China. Loc...
India’s Biggest Refiner Buys US, Middle East Crude as Trump Slams Russia Purchases
Wedoany.com Report-Aug. 5, Indian Oil Corporation (IOC), Indias largest refiner, has secured 7 million barrels of crude oil from the United States, Canada, and the Middle East for September delivery, ...
OPEC+ Countries to Boost Oil Production by 547,000 Barrels per Day
Wedoany.com Report-Aug. 4, On Sunday, August 3, 2025, a group of eight OPEC+ member countries convened virtually and agreed to increase oil production by 547,000 barrels per day starting in September ...
China’s Independent Oil Firms Elbow Into Iraq’s Majors-Dominated Market
Wedoany.com Report-Aug. 4, Chinas independent oil companies are significantly increasing their investments in Iraq, a major OPEC producer, with plans to double their output to 500,000 barrels per day ...
Fugro Picks up Survey Contracts for UAE Field Developments
Wedoany.com Report-Aug. 3, Fugro, a Netherlands-based company, has been awarded multiple contracts to conduct offshore and onshore site surveys in the United Arab Emirates, supporting two major energy...
Trendsetter Bags Contract From Major US Gulf Operator
Wedoany.com Report-Aug. 2, Trendsetter Engineering Inc., based in Houston, Texas, has been awarded a contract to supply four 15K horizontal subsea tree systems, along with associated tooling and insta...
Canada’s Imperial Oil Posts Lower Quarterly Profit; Announces First Production From Renewable Diesel Plant
Wedoany.com Report-Aug. 2, On Friday, Imperial Oil, a Calgary, Alberta-based oil producer, reported a decrease in second-quarter profit, primarily due to lower crude oil prices and reduced refinery th...
Mexico Exports 39% Less Crude Oil in June, Lowest Level in Decades
Wedoany.com Report-Jul. 30, In June, Mexicos state-owned oil company, Pemex, experienced a 39% decrease in crude oil exports compared to the previous year, marking the lowest export level in decades, ...