Valero Energy Corporation restarted the crude oil distillation unit (CDU) with its refineries Meraux, and Louisiana, which the company’s production reach 125,000 barrel per day (bbl/d), according to Reuters.

The General Petroleum Company (GPC) aims to drill 15 exploration and development wells in the H2 of the fiscal year (FY) 2020/21.

Zohr field’s production capacity now exceeds 3 billion cubic feet per day (bcf/f), representing 40% of Egypt's total natural gas production.

Data released from the US Census Bureau has shown that US sent the first shipment of crude oil to Saudi Arabia in June since the end of banning crude exports in 2015.

Schlumberger utilized Pulsar Multifunction Spectroscopy (PNX) technology for the first time in Egypt with the General Petroleum Company (GPC).

Minister of Petroleum and Mineral Resources Tarek El Molla stated that the prices of oil per barrel during the current year could reach between $40-50.

Oman has informed its crude oil customers that it will cut around 10% in allocations for September loading and delivery

The Belarusian state-petrochemical complex, Belneftekhim, has agreed to import 5.75 million tonnes of Russain oil in Q3 2020.

China’s crude oil throughput in May rose 8.2% YoY following independent refiners increasing production in response to the growing fuel demand as coronavirus lockdown restrictions ease.

The total exports of fuel, mineral oils, and their products have amounted to about $2.652 billion in  Q2 of Fiscal Year (FY) 2019/20.