China’s Vast Refining Sector Faces Shakeout as Fuel Demand Peaks
China National Petroleum Corporation (CNPC)s Dalian Petrochemical Corp refinery is seen near the downtown of Dalian in Liaoning province, China July 17, 2018. Wedoany.com Report-Jan 17, Up to 10% of...
Oil Up, Heads for 4th Weekly Gain as U.S. Sanctions Hit Supply
A view of an oil pumpjack in a farmer’s field near Kindersley, Saskatchewan, Canada September 5, 2024. Wedoany.com Report-Jan 17, Oil prices rose on Friday and headed towards a fourth consecuti...
Sri Lanka Signs Landmark $3.7bn Deal with Chinese State Oil Giant
Chinese President Xi Jinping (right) shakes hands with Sri Lankan President Anura Kumara Dissanayake during a signing ceremony at the Great Hall of the People in Beijing on January 15, 2025. Wedoany.c...
Dangote Refinery Projects 650,000BPD June, Plans Crude Import
Wedoany.com Report-Jan 17, The Dangote Petroleum Refinery is planning to import more crude oil as supply from the Nigerian National Petroleum Company Limited becomes insufficient for fuel production ...
BP to Eliminate About 5% of Workforce to Cut Costs, CEO Says
The company has stopped or paused 30 projects since last June. Wedoany.com Report-Jan 17, BP Plc is eliminating 4,700 positions internally, about 5% of its workforce, and more than 3,000 contractor jo...
Biden Administration Moves to Protect More of Alaska Refuge From Drilling
Oil pump jack is seen in front of displayed U.S. flag in this illustration taken, October 8, 2023. Wedoany.com Report-Jan 17, President Joe Bidens administration on Thursday moved to put more of Alask...
Azerbaijani Oil Moves Upwards in Price
Wedoany.com Report-Jan 16, The price of Azerbaijan’s Azeri Light crude oil on a CIF basis in the Italian port of Augusta grew by $1.22 on January 15 compared to the previous rate, reaching $84....
Chevron Says No Commercial Oil, Gas Found at Namibia Exploration Well
Wedoany.com Report-Jan 16, Chevron (CVX.N), opens new tab said on Wednesday it did not find commercial hydrocarbon reserves in an exploration well in Namibias Orange Basin. The U.S. oil producer said ...
New Oil Reserves Identified in Xinjiang’s Tarim Basin, Signaling Vast Potential
Wedoany.com Report-Jan 16, China has identified newly proven oil equivalent reserves of 55.56 million tons in the Tarim Basin, located in the Xinjiang Uygur autonomous region, the China Geological Sur...
US Crude Oil Stocks Excluding SPR Fall to 2-Year Low, EIA Says
U.S. crude oil stocks excluding the Strategic Petroleum Reserve (SPR) fell last week to their lowest since April 2022 as exports rose and imports fell, the Energy Information Administration (EIA) said...