Kuwait crude oil exports to Japan increased by 33.7% during September, when compared to volumes from the same period during 2015. It reached 6.83mb of oil, averaging 228,000b/d.
Saudi Basic Industries Corp (SABIC) started commercial operations for polybutadiene industrial rubber part of its Al-Jubail Petrochemical Company (KEMYA) joint venture with a unit of Exxon Mobil.
Saudi Arabia's oil export to Asia has increased by 12 % in the first 11 months of 2015, in comparison with the same period of 2014, allowing Riyadh to defend its prominent market position.
West African crude oil exports to Asia are likely to hit five-month high of 1.96m b/d in December over a robust 50% rise on month demand from India due to shortages on the domestic markets.
Asian imports of Iranian oil in August rose by 10% from a year ago, said Press TV, adding that China accounted for the lion’s share of this increase of more than 1 m b/d of crude.
Using the world's first dedicated crude oil blending terminal, South Africa will by 2017 mix different grades of crude oil for export to refineries across Asia, enabling them to produce cleaner fuels more cheaply, an ...