crude-oil

All Global Commodity Partners coverage tagged crude-oil.

Storage tanks and trading operations illustrating Alkagesta record first-half 2026 results

Alkagesta on Course for Strongest Year Yet After Record H1 2026 Results

Biofuels International reports Alkagesta posted $3.5 billion in first-half 2026 revenue, with full-year volumes set to pass 10 million tonnes on crude market entry, jet fuel growth and 700,000m3 of storage.

16 Sept 2026 · GCP Newsroom · 2 min read

Oil tanker at sea, symbolizing crude oil transportation and trading

Oil Trading

African and American Crude Prices Rise Amid Chinese Import Rebound

Crude oil prices from Canada, South America, and Africa have recently increased, driven by a rebound in Chinese oil import demand from a decade-low, a rally in benchmark prices, and ongoing disruptions to Middle East supply.

8 Sept 2026 · GCP Newsroom · 2 min read

Crude Oil

Russia's Vostok Oil Project Initiates Arctic Loading

Rosneft has announced the launch of its Vostok Oil project, marking the first Arctic loading of crude oil onto an Arc7 ice-class tanker at Bukhta Sever Port.

8 Sept 2026 · GCP Newsroom · 2 min read

Oil rig operating in an oil field, representing upstream oil production.

Crude Oil

Vaca Muerta Holds Estimated 9 Billion Barrels of Sub-$55 Oil

The Vaca Muerta formation is estimated to contain approximately 9 billion barrels of oil resources that can be economically extracted at a price below $55 per barrel, according to a director at EIR.

6 Sept 2026 · GCP Newsroom · 2 min read

Crude Oil

BP Contracts Baker Hughes for North Sea Production Enhancement

BP has engaged Baker Hughes to support new well development and optimize production across its North Sea operations on the UK Continental Shelf, according to Offshore Energy.

5 Sept 2026 · GCP Newsroom · 2 min read

Oilfield operations in a heavy oil production area

Crude Oil

Eni Finalizes 25-Year Agreement for Venezuelan Heavy Oilfield

Eni has reportedly secured a 25-year agreement with state-owned PdVSA to restart operations at the Junin-5 heavy oilfield, located within Venezuela's Orinoco Belt.

5 Sept 2026 · GCP Newsroom · 2 min read

A Very Large Crude Carrier (VLCC) tanker sailing on the open sea, laden with oil.

Oil Trading

VLCC Earnings Surge on Saudi Arabia-to-China Route

Earnings for Very Large Crude Carriers (VLCCs) on the key Saudi Arabia-to-China route have reportedly reached record levels, significantly increasing from the previous year, according to industry data.

29 Aug 2026 · GCP Newsroom · 2 min read

A large oil tanker sailing on the open sea, representing MISC Group's petroleum business and tanker market conditions.

Oil Trading

MISC Group Reports Exceptional Q2 2026 Performance

MISC Group announced exceptional financial results for the second quarter of 2026, driven by favourable tanker market conditions and robust operational delivery, with significant earnings growth attributed to its Petroleum business.

28 Aug 2026 · GCP Newsroom · 2 min read

An oil refinery complex with storage tanks and processing units.

Refineries

New 700,000 bpd Refinery Planned for Kenya's Lamu Island

A Nigerian billionaire has agreed to construct a $17 billion refinery on Kenya’s Lamu Island, designed to process 700,000 barrels per day for Kenya and neighboring East African countries.

28 Aug 2026 · GCP Newsroom · 2 min read

Oil tanker navigating through a narrow strait, symbolizing the Strait of Hormuz

Oil Markets

Crude Oil Prices Decline Amid Hormuz Reopening Discussions

Crude oil prices experienced a fourth consecutive day of decline following news of Qatar's Prime Minister's visit to Tehran to discuss the potential reopening of the Strait of Hormuz.