Crude Oil Production in Serbia remained unchanged at 16 BBL/D/1K in December from 16 BBL/D/1K in November of 2019. Crude Oil Production in Serbia averaged 16.35 BBL/D/1K from 2006 until 2019, reaching an all time high of 21 BBL/D/1K in January of 2015 and a record low of 13 BBL/D/1K in February of 2006. This page provides - Serbia Crude Oil Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil Production in Belarus remained unchanged at 34 BBL/D/1K in December from 34 BBL/D/1K in November of 2019. Crude Oil Production in Belarus averaged 34.13 BBL/D/1K from 1994 until 2019, reaching an all time high of 42 BBL/D/1K in January of 1994 and a record low of 26 BBL/D/1K in February of 2015. This page provides - Belarus Crude Oil Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil Production in Hungary increased to 16 BBL/D/1K in December from 15 BBL/D/1K in November of 2019. Crude Oil Production in Hungary averaged 20.79 BBL/D/1K from 1994 until 2019, reaching an all time high of 46 BBL/D/1K in July of 1994 and a record low of 11 BBL/D/1K in July of 2013. This page provides the latest reported value for - Hungary Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Crude Oil Production in Kuwait increased to 2901 BBL/D/1K in March from 2665 BBL/D/1K in February of 2020. Crude Oil Production in Kuwait averaged 2050.77 BBL/D/1K from 1973 until 2020, reaching an all time high of 3768 BBL/D/1K in January of 1973 and a record low of 0 BBL/D/1K in February of 1991. This page provides the latest reported value for - Kuwait Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Crude Oil Rigs in Kuwait increased to 32 in April from 29 in March of 2020. Crude Oil Rigs in Kuwait averaged 17.90 from 1995 until 2020, reaching an all time high of 47 in February of 2017 and a record low of 1 in March of 2003. This page provides - Kuwait Crude Oil Rigs- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil Production in Bahrain remained unchanged at 40 BBL/D/1K in December from 40 BBL/D/1K in November of 2019. Crude Oil Production in Bahrain averaged 39.38 BBL/D/1K from 1994 until 2019, reaching an all time high of 50 BBL/D/1K in July of 2014 and a record low of 35 BBL/D/1K in January of 1996. This page provides - Bahrain Crude Oil Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil Production in Yemen remained unchanged at 46 BBL/D/1K in December from 46 BBL/D/1K in November of 2019. Crude Oil Production in Yemen averaged 274.18 BBL/D/1K from 1994 until 2019, reaching an all time high of 466.29 BBL/D/1K in February of 2001 and a record low of 11 BBL/D/1K in January of 2017. This page provides - Yemen Crude Oil Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil Production in Tajikistan remained unchanged at 0.18 BBL/D/1K in December from 0.18 BBL/D/1K in November of 2019. Crude Oil Production in Tajikistan averaged 0.29 BBL/D/1K from 1994 until 2019, reaching an all time high of 0.50 BBL/D/1K in January of 1995 and a record low of 0.18 BBL/D/1K in March of 2015.

Crude Oil Production in Denmark decreased to 83 BBL/D/1K in January from 84 BBL/D/1K in December of 2019. Crude Oil Production in Denmark averaged 246.81 BBL/D/1K from 1994 until 2020, reaching an all time high of 418.20 BBL/D/1K in July of 2004 and a record low of 69 BBL/D/1K in August of 2018. This page provides the latest reported value for - Denmark Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Crude Oil Production in Ivory Coast remained unchanged at 49 BBL/D/1K in December from 49 BBL/D/1K in November of 2019. Crude Oil Production in Ivory Coast averaged 33.13 BBL/D/1K from 1994 until 2019, reaching an all time high of 66.30 BBL/D/1K in January of 2009 and a record low of 2.90 BBL/D/1K in January of 1995. This page provides - Ivory Coast Crude Oil Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil Production in Chile remained unchanged at 3 BBL/D/1K in December from 3 BBL/D/1K in November of 2019. Crude Oil Production in Chile averaged 5.82 BBL/D/1K from 1994 until 2019, reaching an all time high of 13 BBL/D/1K in February of 1994 and a record low of 2.30 BBL/D/1K in February of 2007. This page provides the latest reported value for - Chile Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Imports of Crude Oil in Japan increased to 15399 LITRE Million in March from 13243 LITRE Million in February of 2020. Imports of Crude Oil in Japan averaged 17322.48 LITRE Million from 1960 until 2020, reaching an all time high of 28504 LITRE Million in May of 1978 and a record low of 2024 LITRE Million in April of 1960. This page includes a chart with historical data for Japan Imports of Crude Oil.

Crude Oil Production in Albania remained unchanged at 14 BBL/D/1K in December from 14 BBL/D/1K in November of 2019. Crude Oil Production in Albania averaged 10.98 BBL/D/1K from 1994 until 2019, reaching an all time high of 24 BBL/D/1K in January of 2016 and a record low of 5 BBL/D/1K in March of 1999. This page provides - Albania Crude Oil Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil Production in Sudan remained unchanged at 79 BBL/D/1K in December from 79 BBL/D/1K in November of 2019. Crude Oil Production in Sudan averaged 202.03 BBL/D/1K from 1994 until 2019, reaching an all time high of 520 BBL/D/1K in November of 2007 and a record low of 0.10 BBL/D/1K in February of 1994. This page provides the latest reported value for - Sudan Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Crude Oil Production in Chad remained unchanged at 128 BBL/D/1K in December from 128 BBL/D/1K in November of 2019. Crude Oil Production in Chad averaged 128.71 BBL/D/1K from 2003 until 2019, reaching an all time high of 210 BBL/D/1K in July of 2004 and a record low of 25 BBL/D/1K in July of 2003. This page provides the latest reported value for - Chad Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Crude Oil Production in Nigeria increased to 1780 BBL/D/1K in March from 1742 BBL/D/1K in February of 2020. Crude Oil Production in Nigeria averaged 1878.50 BBL/D/1K from 1973 until 2020, reaching an all time high of 2475 BBL/D/1K in November of 2005 and a record low of 675 BBL/D/1K in February of 1983. This page provides the latest reported value for - Nigeria Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Crude Oil Rigs in Nigeria decreased to 16 in April from 21 in March of 2020. Crude Oil Rigs in Nigeria averaged 10.73 from 1995 until 2020, reaching an all time high of 23 in February of 2020 and a record low of 3 in January of 2000. This page provides - Nigeria Crude Oil Rigs- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil Production in East Timor remained unchanged at 26 BBL/D/1K in December from 26 BBL/D/1K in November of 2019. Crude Oil Production in East Timor averaged 72.45 BBL/D/1K from 2004 until 2019, reaching an all time high of 105 BBL/D/1K in January of 2005 and a record low of 0 BBL/D/1K in January of 2004. This page provides the latest reported value for - East Timor Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Crude Oil Production in Azerbaijan decreased to 776 BBL/D/1K in January from 778 BBL/D/1K in December of 2019. Crude Oil Production in Azerbaijan averaged 586.23 BBL/D/1K from 1994 until 2020, reaching an all time high of 1072 BBL/D/1K in June of 2009 and a record low of 168 BBL/D/1K in February of 1997. This page provides the latest reported value for - Azerbaijan Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Crude Oil Production in Vietnam decreased to 196 BBL/D/1K in December from 206 BBL/D/1K in November of 2019. Crude Oil Production in Vietnam averaged 291.77 BBL/D/1K from 1994 until 2019, reaching an all time high of 415 BBL/D/1K in June of 2004 and a record low of 125 BBL/D/1K in April of 1994. This page provides the latest reported value for - Vietnam Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Crude Oil Production in Austria decreased to 12 BBL/D/1K in December from 13 BBL/D/1K in November of 2019. Crude Oil Production in Austria averaged 17.47 BBL/D/1K from 1994 until 2019, reaching an all time high of 25 BBL/D/1K in January of 1995 and a record low of 11 BBL/D/1K in August of 2017. This page provides - Austria Crude Oil Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil Production in Venezuela decreased to 718 BBL/D/1K in March from 865 BBL/D/1K in February of 2020. Crude Oil Production in Venezuela averaged 2361.42 BBL/D/1K from 1973 until 2020, reaching an all time high of 3453 BBL/D/1K in December of 1997 and a record low of 594 BBL/D/1K in January of 2003. This page provides the latest reported value for - Venezuela Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Crude Oil Rigs in Venezuela decreased to 12 in April from 23 in March of 2020. Crude Oil Rigs in Venezuela averaged 62.50 from 1995 until 2020, reaching an all time high of 119 in May of 1997 and a record low of 12 in January of 2003. This page provides - Venezuela Crude Oil Rigs- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil Production in Niger decreased to 7 BBL/D/1K in December from 8 BBL/D/1K in November of 2019. Crude Oil Production in Niger averaged 14.24 BBL/D/1K from 2011 until 2019, reaching an all time high of 20 BBL/D/1K in December of 2011 and a record low of 5 BBL/D/1K in July of 2011. This page provides - Niger Crude Oil Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil Production in Kazakhstan decreased to 1945 BBL/D/1K in January from 1949 BBL/D/1K in December of 2019. Crude Oil Production in Kazakhstan averaged 1191.57 BBL/D/1K from 1994 until 2020, reaching an all time high of 1958 BBL/D/1K in February of 2019 and a record low of 407 BBL/D/1K in November of 1995. This page provides the latest reported value for - Kazakhstan Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Imports of Crude Oil in Italy decreased to 1654.88 EUR Million in February from 2462.07 EUR Million in January of 2020. Imports of Crude Oil in Italy averaged 1982.80 EUR Million from 2014 until 2020, reaching an all time high of 2836.43 EUR Million in May of 2014 and a record low of 873.71 EUR Million in February of 2016. This page includes a chart with historical data for Italy Imports of Crude Oil.

Crude Oil Production in Mauritania remained unchanged at 0 BBL/D/1K in December from 0 BBL/D/1K in November of 2019. Crude Oil Production in Mauritania averaged 8.99 BBL/D/1K from 2006 until 2019, reaching an all time high of 50 BBL/D/1K in April of 2006 and a record low of 0 BBL/D/1K in July of 2019. This page provides the latest reported value for - Mauritania Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Crude Oil Production in Saudi Arabia decreased to 9733 BBL/D/1K in March from 9784 BBL/D/1K in February of 2020. Crude Oil Production in Saudi Arabia averaged 8156.28 BBL/D/1K from 1973 until 2020, reaching an all time high of 11093 BBL/D/1K in November of 2018 and a record low of 2340 BBL/D/1K in August of 1985. Saudi Arabia, is the world’s largest oil exporter, accounting for 10 percent of global oil supply. This page provides the latest reported value for - Saudi Arabia Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Crude Oil Rigs in Saudi Arabia decreased to 59 in April from 60 in March of 2020. Crude Oil Rigs in Saudi Arabia averaged 37.95 from 1995 until 2020, reaching an all time high of 81 in April of 2015 and a record low of 11 in March of 1996. This page provides - Saudi Arabia Crude Oil Rigs- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil Production in Uzbekistan remained unchanged at 40 BBL/D/1K in December from 40 BBL/D/1K in November of 2019. Crude Oil Production in Uzbekistan averaged 73.54 BBL/D/1K from 1994 until 2019, reaching an all time high of 118 BBL/D/1K in December of 1998 and a record low of 38.81 BBL/D/1K in April of 2010. This page provides - Uzbekistan Crude Oil Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil Production in Ecuador decreased to 542 BBL/D/1K in December from 546 BBL/D/1K in November of 2019. Crude Oil Production in Ecuador averaged 470.69 BBL/D/1K from 1994 until 2019, reaching an all time high of 563 BBL/D/1K in November of 2014 and a record low of 329 BBL/D/1K in July of 1998. This page provides the latest reported value for - Ecuador Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Crude Oil Rigs in Ecuador decreased to 3 in April from 6 in March of 2020. Crude Oil Rigs in Ecuador averaged 9.79 from 1995 until 2020, reaching an all time high of 28 in July of 2013 and a record low of 1 in August of 1995. This page provides - Ecuador Crude Oil Rigs- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil Production in New Zealand decreased to 20 BBL/D/1K in December from 22 BBL/D/1K in November of 2019. Crude Oil Production in New Zealand averaged 36.98 BBL/D/1K from 1994 until 2019, reaching an all time high of 72 BBL/D/1K in December of 2007 and a record low of 15 BBL/D/1K in March of 2006. This page provides the latest reported value for - New Zealand Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Crude Oil Production in Guatemala decreased to 10 BBL/D/1K in December from 11 BBL/D/1K in November of 2019. Crude Oil Production in Guatemala averaged 14.55 BBL/D/1K from 1994 until 2019, reaching an all time high of 28 BBL/D/1K in January of 2003 and a record low of 7.50 BBL/D/1K in July of 1994. This page provides the latest reported value for - Guatemala Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In the April Short-Term Energy Outlook (STEO), EIA forecasts that the United States will again become a net importer of crude oil and petroleum products in the third quarter of 2020 and remain a net importer in most months through the end of 2021. Fewer barrels are available for export as U.S. crude oil production continues to decline. In addition, net exports of petroleum products will be lowest in the third quarter of 2020, when U.S. refinery runs decline in response to lower demand for refined products.

In December 2019, the Organization of the Petroleum Exporting Countries and a group of other oil producers announced they were deepening the production cuts originally announced in December 2018. However, the U.S. Energy Information Administration forecasts that global oil production will rise in 2020 despite the cuts, as expected growth in non-OPEC crude oil production will offset OPEC's reduced output. Non-OPEC production will be driven by continued growth in the United States. Outside of the United States, growing crude oil production in Brazil, Norway, and Canada will also contribute to supply growth over the next 24 months. In its January Short-Term Energy Outlook, EIA reports that U.S. crude oil production in 2019 hit a record annual average of 12.2 million barrels per day. EIA forecasts U.S. production will reach 13.3 million barrels per day in 2020 and 13.7 million barrels per day in 2021. Most of the production growth occurs in the Permian region of Texas and New Mexico.

Events in January contributed to ongoing uncertainty in crude oil markets, according to the U.S. Energy Information Administration. On January 6, Brent crude oil prices closed at $70 per barrel following U.S. military operations in Iraq, the highest price since May 2019. However, as tensions in the Middle East de-escalated and market concerns over a related oil supply disruption faded, crude oil prices fell. The outbreak of the coronavirus and subsequent travel bans significantly disrupted transportation-related oil demand in China as well as other countries. This accelerated the decline in crude oil prices, despite ongoing crude oil supply disruptions in Libya. Prices closed at $54 per barrel on February 4, the lowest level since December 2018. In the February Short-Term Energy Outlook, EIA estimates the Brent crude oil price will average $58 per barrel during the first half of the year and rise to $64 per barrel during the second half of the year. Brent crude oil spot prices are expected to average $61 per barrel for 2020 as a whole.

In the April Short-Term Energy Outlook, the U.S. Energy Information Administration forecasts that the United States will again become a net importer of crude oil and petroleum products in the third quarter of 2020 and remain a net importer in most months through 2021. More net imports of crude oil and less net exports of petroleum products drove this change. EIA expects net crude oil imports to increase because as U.S. crude oil production declines, fewer barrels will be available for export. Net exports of petroleum products will be lowest in the third quarter of 2020, when U.S. refinery runs will decline significantly because of lower demand for refined products. In September 2019, the United States exported more crude oil and petroleum products than it imported for the first month since records began in 1973. EIA previously expected the United States to continue as a net exporter in most months through 2021. However, as a result of recent significant changes in global oil market dynamics, EIA now expects U.S. imports and exports will be even in 2020. It is important to note that the April outlook is subject to heightened levels of uncertainty because the impacts of the 2019 novel coronavirus disease on energy markets are evolving.

In the April 2020 update of its Short-Term Energy Outlook (STEO), released on April 7, and before a recently announced agreement by oil producing countries to limit production, the U.S. Energy Information Administration (EIA) forecasts that U.S. crude oil production will average 11.8 million barrels per day (b/d) in 2020, a 4% decline from the 2019 production levels. Crude oil production will average 11.0 million b/d in 2021, a 6% decline from 2020 (Figure 1). If realized, the STEO 2020 production decline would mark the first annual decrease since 2016. The majority of the forecasted production decline occurs between the first and fourth quarters of 2020, dropping from 12.7 million b/d to 11 million b/d (13%) and remaining around that level through 2021. The forecast did not incorporate the April 12 joint announcement by the Organization of the Petroleum Exporting Countries (OPEC) and several other non-OPEC countries to reduce crude oil production. These production reductions may significantly affect global balances and could provide upward price pressure that would affect U.S. crude oil drilling and production. ...

On Monday, April 20, 2020, New York Mercantile Exchange (NYMEX) West Texas Intermediate (WTI) crude oil front-month futures prices fell below zero dollars per barrel (b)—at one point, trading at -$40.32/b (Figure 1)—and remained below zero for part of the following trading day. Monday marked the first time the price for the WTI futures contract fell below zero since trading began in 1983. Negative prices in commodity markets are very rare, but when they occur they typically indicate high transactions costs and significant infrastructure constraints. In this case, the WTI front-month futures contract was for May 2020 delivery, and the contract was set to expire on April 21, 2020. Unless they have made other arrangements ahead of time, market participants that hold WTI futures contracts to expiration must take physical delivery of WTI crude oil in Cushing, Oklahoma. Typically, most market participants close any futures contracts ahead of expiration through cash settlement in order to avoid taking physical delivery, and only about 1% of contracts are physically settled. The extreme market events of April 20 and April 21 were driven by several factors, including the inability of contract holders to find other market participants to sell the futures contracts. In addition, in this case, the scarcity of available crude oil storage meant several market participants sold their futures contracts at negative prices, in effect paying a counterparty to close out of the contracts. ...

On April 27, 2020, the U.S. average regular retail gasoline price was $1.77 per gallon (gal), the lowest price since February 2016. On May 4, the U.S. average gasoline price increased slightly to $1.79/gal. The United States declared a national emergency on March 13 in response to concerns regarding spread of the 2019 novel coronavirus disease (COVID-19). From March 16 to May 4, the U.S. average regular retail gasoline price fell by $0.46/gal. The lower gasoline prices reflect low crude oil prices, low gasoline demand, and rising gasoline inventories. ...

Unleaded petrol prices in Brisbane have soared to the highest level since November 2004 even though the benchmark price of crude oil has actually fallen during the past week.

Budget's proposal to reduce basic customs duty on LNG to provide respite to petrochemicals sector

भारत सस्ते तेल का फायदा उठाने के लिए तेल के रणनीतिक भंडार भर रहा है. पेट्रोल पंपों के 100 फीसदी तक भर जाने पर अब समुद्र में तेल का भंडारण किया जा रहा है.

Crude oil turned negative on Monday and many consumers have questions on whether it means we do not have to pay for petrol and diesel. Let us understand some details first US crude oil future May contract turned negative at

According to Angel Broking, On Tuesday, WTI Crude prices soared over 20.4 percent to close at $24.5 per barrel after many nations announced their plans to gradually revoke the coronavirus related lockdown which might lead to resumption in economic activities and boost the demand for the Crude.

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High crude oil price

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Strategic Crude Oil Project India