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China Grants Export License To Teapot Refiners

The Chinese government is set to allow some independent refiners to export oil products in 2020, but it will likely keep next year's overall oil product exports flat compared to?

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Iran Looks To Boost Offshore Oil Production By 85,000 Bpd

The Iranian Offshore Oil Company (IOOC) is currently implementing US$2.6 billion worth of projects expected to boost Iran's offshore oil production by 85,000 barrels per day (bpd), Iranian media

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Tesla Scores Landmark Deal For Chinese Factory

Tesla has secured a loan of $1.29 billion from a group of four Chinese lenders that it will use for its car factory in Shanghai, Reuters reports, citing a?

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This Supermajor Will Market Guyana's First Oil Cargoes

A unit of oil supermajor Shell has won a bidding to market the first three cargoes of oil that the industry's newcomer Guyana will produce in coming weeks, the government?

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Oil Prices Up As API Reports Massive Crude Draw

The American Petroleum Institute (API) has estimated a large crude oil inventory draw of 7.9 million barrels for the week ending December 18, compared to analyst expectations of a much?

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Assad Plans To Sue The U.S. Over ?Stealing' Syria's Oil

Syria's government is considering suing the United States in an international court over what a senior advisor to Syrian President Bashar al-Assad referred to as the ?stealing' of Syria's oil.?

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Global Superpowers Vie For Power In World's Most Important Oil Chokepoint

Iran, Russia, and China will begin on Saturday joint navy drills in the northern Indian Ocean, an Iranian military spokesman said on Wednesday, amid simmering tensions in the Middle?

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Brazil Breaks Key Oil Production Milestone

Brazil's crude oil production in November topped 3 million barrels per day for the first time ever, the National Petroleum Agency reported, adding that total oil and gas production rose?

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Two Majors Join Forces In The Next Great Oil Frontier

Apache Corp. and French Total have struck a deal to jointly explore for oil offshore Suriname. Each will have 50 percent in the venture, with Apache leading as operator of?

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This Country Just Produced Oil For The Very First Time

Guyana officially joined the ranks of oil producing nations, after ExxonMobil and its partners began oil production offshore the South American country. ExxonMobil and its partner Hess Corporation launched?

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