Crude Output News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Asia's imports of crude oil saw robust growth in January, reaching an eight-month high of 28.57 million barrels per day (bpd), led by top buyers China and India. China imported 11.31 million bpd, slightly below December's figure but well above the same month in 2023. China's imports from Russia surpassed those from Saudi Arabia, although Saudi Arabia increased its exports to regain market share in China. India, Asia's second-biggest importer, is on track for record imports in January, with arrivals of 5.33 million bpd.

Crude Oil Import: Asia's imports of crude oil saw robust growth in January, reaching an eight-month high of 28.57 million barrels per day (bpd), led by top buyers China and India. China imported 11.31 million bpd, slightly below December's figure but well above the same month in 2023. China's imports from Russia surpassed those from Saudi Arabia, although Saudi Arabia increased its exports to regain market share in China. India, Asia's second-biggest importer, is on track for record imports in January, with arrivals of 5.33 million bpd.

Despite slowing output growth, the new Mexico part of the Permian is crucial to the development of the super basin

Oil prices rise as energy firms post positive earnings and U.S. data shows a decline in crude output and rise in fuel demand. Brent and WTI record second straight weekly declines, with a fourth straight monthly decline for Brent as uncertainty over interest rate hikes weigh on the demand outlook. U.S. officials coordinate talks to rescue First Republic Bank.

As a homegrown company with a nationwide reach, Libyan oilfield services firm Wazen is able to navigate the country’s choppy waters better than most. MD Ib...