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.

Shares in brokerage firm drop overnight after it discloses payments to clearing houses

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. ...

Listeners called the Anaconda rapper out as disrespectful after using the lyrics: 'All you b*****s Rosa Parks, uh oh, get your a** up' in the forthcoming track, tentatively titled Yikes.

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.

STEPHEN GLOVER: The outgoing director general of the BBC, Tony Hall, wrote a piece in this newspaper last week in which he claimed the Corporation was eager to have a public debate.

A record 6.65m Americans filed for help from the US Government last week, up from the previous record of 3.3m the week before, as measures to contain the coronavirus outbreak led to millions losing their jobs.

Brent crude, which is extracted from the North Sea and serves as an international benchmark, fell to $18.10 a barrel.

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

The Nifty formed a bearish candle on the daily charts.

Crude inventories rose by 8.4 million barrels in the week to May 1 to 518.6 million barrels, compared with analysts#39; expectations for a build of 7.8 million barrels.

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.

New York, NY : Oxford University Press, 2020.

World crude steel sees reversal of declining trend

Crude Oil Import Bill

Global Crude Refining Capacity

High crude oil price

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Strategic Crude Oil Project India

Visakhapatnam Strategic Crude Storage

Indian Crude Oil Basket

Crude oil Prices

Crude Oil Pipeline

Strategic Crude Oil Reserves

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Vishakhapatnam Strategic Crude Storage Project

Crude Oil

Managing Director of NRL S K Barua tweeted, “NRL is importing 21TMT crude oil from Petronas through Haldia port to be rail freighted to Numaligarh for future processing. A step towards ensuring energy security.”

The ministers also reviewed ongoing projects and plans including the participation of Indian companies such as Indian Oil Corporation in Russias state-owned Rosneft’s Vostok oil project in the Russian Arctic, Novatek’s deal to supply of LNG to H-Energy, cooperation between Gail and Gazprom.

Even as Finance Minister pulls out all the stops to narrow high fiscal deficit, the subsidy bill will overshoot the target of Rs 1.79 lakh crore in this financial year due to higher crude oil prices

Oil traded at a negative price on a one-month West Texas Intermediate futures contract, but it didn't for successive months' futures contracts

Dewey Library - BL65.H78 M43 2018

Hayden Library - PR6112.A336 C78 2018