Articles

  • 3 days ago | bloomberg.com | Grant Smith |Julian Lee |Bill Lehane

    Pipes feed crude oil to a tanker at the Ras Tanura oil refinery in Saudi Arabia. (Bloomberg) -- OPEC raised oil production last month as the group began a series of accelerated increases spurred by Saudi Arabia, according to a Bloomberg survey. The 12 members of the Organization of the Petroleum Exporting Countries boosted supplies by 200,000 barrels a day in May to 27.54 million barrels a day, the survey showed. The Saudis accounted for about half of the increase.

  • 1 month ago | rigzone.com | Grant Smith |Julian Lee |Bill Lehane

    OPEC’s crude production fell last month despite the group’s long-awaited plans to increase, with much of the reduction stemming from looming US sanctions on Venezuela. Output from the Organization of the Petroleum Exporting Countries shrank by 200,000 barrels a day in April to 27.24 million a day, according to a Bloomberg survey. Venezuela accounted for about half of the decline as international producers such as Chevron Corp.

  • 1 month ago | financialpost.com | Grant Smith |Julian Lee |Bill Lehane

    Article content(Bloomberg) — OPEC’s crude production fell last month despite the group’s long-awaited plans to increase, with much of the reduction stemming from looming US sanctions on Venezuela. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.

  • 1 month ago | bloomberg.com | Grant Smith |Julian Lee |Bill Lehane

    Workers perform maintenance on an oil pumping unit at an oilfield in Akkystau village, Kazakhstan. (Bloomberg) -- OPEC’s crude production fell last month despite the group’s long-awaited plans to increase, with much of the reduction stemming from looming US sanctions on Venezuela. Output from the Organization of the Petroleum Exporting Countries shrank by 200,000 barrels a day in April to 27.24 million a day, according to a Bloomberg survey.

  • 1 month ago | business-standard.com | Yongchang Chin |Bill Lehane

    Indian refiners have been boosting US oil purchases before trade talks between the two nations next month. Around 11.2 million barrels of crude are set to arrive in India from the US in June, the highest volume since last August, according to provisional data from analytics firm Kpler Ltd.

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Bill Lehane
Bill Lehane @Bill_Lehane
11 Mar 25

Nigeria’s @DangoteGroup oil refinery is drawing feedstock from across the world including the US, Angola and Algeria to add to its domestic deliveries as the mega-plant gradually ramps up, altering the region’s import and export outlook https://t.co/mwiQ3gJ4CA #nigeria #oil #OOTT

Bill Lehane
Bill Lehane @Bill_Lehane
23 Jan 25

RT @BloombergAfrica: Africa’s biggest crude producer Nigeria has emerged from a years-long output slump due to improved security, creating…

Bill Lehane
Bill Lehane @Bill_Lehane
9 Jan 25

The pace of sales for February-loading Angolan oil is faster than the last couple of months, with only 20-30% of next month’s supplies still seeking buyers. The main reason for the quicker trading is better demand from Asia https://t.co/jp9Q3zVPq8 #OOTT #oil #china