View: Opec’s <b>oil</b> nightmare is already coming true

The U.S. is close to becoming the world’s largest producer of crude and condensate — a form of light oil extracted from gas fields — even if it’s not quite there yet. It’s pretty much level with Saudi Arabia’s combined output, itself boosted by condensates not included in headline production numbers, and is …

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Abu Dhabi awards offshore <b>oil</b> concession to India’s ONGC

India’s Prime Minister Narendra Modi and Abu Dhabi’s Crown Prince Mohammed bin Zayed Al Nahyan witnessed the signing ceremony in the capital of the United Arab Emirates, highlighting closer ties between the Gulf emirate that supplies India with 8 per cent of its rapidly rising crude oil supplies.

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CPC to cut fuel prices by NT$0.6 per liter

The decision to cut fuel prices was made in the wake of falling crude oil prices last week, which experienced their biggest drop in two months, and record … Following the latest fluctuations in international crude oil prices, CPC’s average price for crude oil was calculated at US$63.98 per barrel last week, …

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Analysis: In race for China’s <b>crude</b> market, Russia wins gold, yet again

Russia has retained the crown as China’s top crude oil supplier for the second year in a row in 2017, lifting sales to Asia’s biggest oil consumer by nearly 14%, prompting market participants to believe that it might be tough for any other supplier to displace the non-OPEC exporter from the pole position …

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Zanganeh: Iran <b>Oil</b> Production, Exports Surge in 10 Months

O il Minister Bijan Namdar Zanganeh said on Sunday the country’s oil output has increased by 165,000 barrels per day in the last 10 months compared with the corresponding period of last year. Iran is currently pumping around 3.8 million bpd of crude oil and condensates, a type of ultra-light crude.

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AAA: Gas prices continue upward push

At the close of NYMEX trading Friday, West Texas Intermediate (WTI) crude oil settled at $65.45 per barrel, 69 cents lower than the previous week but 16 percent higher than the same time last year. According to the Energy information Administration (EI…

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Can We Expect A Rise In Gulf Of Mexico <b>Oil</b> Production?

EIA provides estimates of proved reserves based on information from the E&Ps on form EIA-23 for crude only, and also shows the categories for changes (discoveries, production, revisions etc.). This data with updates for 2016 has been due since Nove…

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As <b>crude oil</b> prices up, so is local gas cost

If you’re looking to fill up the gas tank of your car on your way to a Superbowl party, you might want to stop at the Walmart Neighborhood Market at 3801 E. Stan Schlueter Loop. That store was home to the lowest price in Killeen, around 11 a.m Saturday. according to GasBuddy.com, at $2.26 per gallon.

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Sask. Ministry of Economy launches probe into strong ‘<b>crude oil</b>-like’ odour in Unity

“We have no additional information to provide at this time,” a spokesperson wrote. Carey Baker, director of economic development in Unity, said he used an air-sampling canister provided from the Ministry of Environment to take an air sample. “It was a crude oil-like smell,” said Baker. “That’s how I would …

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