China National Offshore Oil Corp has commenced production at the Bozhong 26-6 oilfield development project (Phase I), the ...

The world’s largest metamorphic rock oilfield has commenced production. The billion-tonne Phase I project of Bohai 26-6 started production on February 7, according to its developer, China National ...

Producing light crude, Bozhong 26-6 is expected to reach 22,300 barrels of oil equivalent a day in peak production this year.

CNOOC Limited announced on Friday that the Bozhong 26-6 oilfield development project (phase I) has commenced production.

If demand rises with greater strength than expected in 2025, the oil price rally could be even more significant.

Growth in oil output from the U.S. Permian basin, the country's top oilfield, is expected to slow by at least 25% this year ...

LPG consumption increased by 7.3% to 1.04 mb/d. Crude oil imports stood steady at 4.7 mb/d in November, recording a 3% rise from the previous year. Russia remained India’s top supplier, accounting for ...

The sanctions, the biggest against Russia’s oil shipping sector since the invasion of Ukraine in February 2022, will impact India, given that Russia is its biggest source market for crude oil.

In 2022, 72 per cent of its total crude oil supply was imported, according to the International Energy Agency (IEA). “I have no doubt that elevating our relationship to undreamed-of heights ...

India’s crude oil imports from Middle Eastern suppliers including Iraq and Saudi Arabia are likely to rise in the coming months as the US further tightens sanctions on Russia. On January 10 ...

The lower gas prices largely reflect the agency's forecasts for lower crude oil prices amid a widening gap between oil supply and demand. The EIA forecasts Brent crude will fall 8% to an average ...

(Reuters) -Oil prices rose more than 2% on Wednesday, supported by a large draw in U.S. crude stockpiles and potential supply disruptions caused by new U.S. sanctions on Russia, while a Gaza ...