Blog

Saudi Arabia may hike May crude oil prices to Asia

The expectation of higher prices comes after the backwardation structure in the Dubai benchmark narrowed by 33 cents a barrel in March versus February, Reuters data showed. When the market is in backwardation, prompt prices […]

Oil stays near five-month highs as tighter supply looms

Brent crude was 35 cents lower at $86.65 a barrel by 1230 GMT after rising 2.4% last week. U.S. West Texas Intermediate crude was at $82.87 a barrel, down 30 cents following a 3.2% gain […]

Baltimore fuel suppliers face logistical challenges after bridge collapse

A cargo ship smashed into the Francis Scott Key Bridge on Tuesday, causing parts of the bridge to collapse into shipping lanes at the mouth of the Port of Baltimore, and putting one of the […]

Russia’s Novak says there’s no need for diesel export ban

Russia has faced a steep reduction in oil refining capacity, crippled by technical outages and drone attacks. It banned exports of gasoline for half a year starting from March 1. Refining capacity shut down by […]

US drillers cut oil and gas rigs for second week in a row

*US weekly offshore rig count. News wire — U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since […]

‘Nigeria poised to surpass 2mb/d oil production capacity’

*Heineken Lokpobiri Mkpoikana Udoma Port Harcourt — Minister of State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has announced that Nigeria remains poised to surpass its projected 2,000,000 barrels per day crude oil production capacity. Lokpobiri […]

NUPRC to develop template for enforcement of Domestic Crude Supply Obligation

*Engr, Komolafe Oritsegbubemi Omatseyin Lagos — The Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has instructed its enforcement committee to develop a template for the seamless implementation of the Domestic Crude Oil Supply Obligation, DCSO, within 48 hours. The directive was […]

MyPetroCareer

Oil and Gas, Engineering, Construction and Marine Job Portal