Oil production in the United States will decrease to 7.44 million barrels per day

The largest drop is predicted for projects in the Permian Basin.

Oil tanker exploded in Saudi port of Jeddah

The shipowner BW Group said none of the 22 crew members were injured.

Kazakhstan imposes a ban on imports of diesel fuel until April 1, 2021

In October, Kazakhstan introduced a ban on the import of gasoline, aviation and diesel fuel into the republic, which was in effect until November 1, 2020.

An explosion occurred at oil storage In Texas

At least seven employees were injured when a crude oil storage tank exploded at a Magellan Midstream Partners plant.

An explosion occurred at an oil refinery in the Republic of South Africa

The refinery was stopped on March 27, 2020, because of a drop in fuel demand and quarantine restrictions due to COVID-19.

US may cede leadership in oil refining to China

China is currently building four refineries with a combined capacity of 1.2 million barrels per day. This is equivalent to the current refining capacity throughout the UK.

Dynamics of oil transportation in Ukraine (10 months of 2019)

Ukrtransnafta pumped by 13.2% more oil to Kremenchuk refinery, the only one functioning plant in Ukraine, during 10 months than last year.