Iran's oil exports have reached the pre-sanctions level and its oil revenues will reach $45b to $50b in the Iranian year to March 2018, if prices remain at $55 per barrel.
Nigeria sold 42% of its total annual crude oil exports, which amounted to 320m barrels, to India, Spain and, the Netherlands, from June 2015 to May 2016.
India’s Essar Oil Ltd, the country's largest refiner, expects to lower crude purchases from Iran after shipments from OAO Rosneft begin once the Russian state producer completes a deal to buy a 49% stake in the India ...
Saudi Arabia reduces its Arab Light grade price for September-loading cargo to Asian markets by $1.30 a barrel, as Russia and Iraq gain momentum in the race to dominate oil exports to the Asian continent.
Iraq exported near-record amount of crude in March from its southern ports reaching to around 3.286mb/d, up from 3.225mb/d in February, Oil Ministry informed.
Kuwait plans to raise its crude oil production by 150,000b/d in Q3 2016 and aims to sign new export deals with European and Asian customers, Nabil Bouresli, Managing Director of International Marketing at Kuwait Petr ...
The International Monetary Fund and World Bank are considering a $3b loan to Azerbaijan to help the country face weakening currency amid global oil price slump.