Saudi Holds on to Top Rank as China’s Crude Supplier
Saudi Arabia retained a top spot in oil supplies to china for a ninth straight month in August as major producers relaxed production cuts.
crude imports | Egypt Oil & Gas
Iraq to Supply EGPC with 12 mmbbl of Crude in 2021
The Iraqi Council of Ministers approved the renewal of a contract to supply 12 million barrels (mmbbl) of Basra Light crude to the Egyptian General Petroleum Corporation (EGPC) in 2021.
China’s Crude Import Rise 2.1% in September
China’s crude oil imports rose 2.1% in September month-on-month (MoM) as delayed cargoes finally cleared customs after months of port congestion cleared and onshore storage capacity was increased.
China’s Crude Imports Rise 13% YoY
China, The world’s largest crude importer, has seen a 13% rise in crude imports year-on-year (YoY) following the arrival of sizeable orders that have now arrived after congestion at the ports.
Crude Oil Imports Drop $280 MM YOY
The cost of the sector's total crude oil imports decreased in the first 10 months of 2019 to $1.29 billion, compared to $1.6 billion in 2018, a $280 million year-on-year (YOY) decline.
Egypt’s Crude Oil Production to Increase 50,000 b/d YOY
Crude oil production is targeted to reach approximately 710,000 barrels per day (b/d) by June 2020, up from 650,000 - 660,000 in H1 2019.
South Korea Imports of Iranian Crude Fall 86.5% YOY
South Korea’s imports of Iranian crude plummeted 86.5% year-on-year (YOY) in August, in anticipation of US sanctions set to take full effect in November.
Japan Imported 16.45 M Barrels of UAE Crude in June
Japan’s crude imports from the UAE for June stood at 16.456 million barrels, 22.9% of the country’s total crude imports.
Egypt in Talks with Iraq to Import 24M Barrels of Oil
Egypt is negotiating with Iraq to import 24 million barrels of oil per year during 2018.
