crude oil | Egypt Oil & Gas

Hurricane Rafael Shuts 28% of US Gulf Crude Oil Production, 17% of Natural Gas

The US Gulf of Mexico has experienced losses of 490,241 barrel of oil per day and 313 million cubic feet of gas per day of natural gas caused by Rafeal Hurricane, the US Bureau of Safety and Environmental Enforcem ...

Oil Prices Rise After US Election, Raising Concerns on Oil Supply

Oil prices have risen slightly following the US presidential election, as investors weigh the potential impact of a Trump presidency on oil supply and the effects of an approaching hurricane in the Gulf Coast.

Iran Loads Over 46 Million Tons of Crude, Petroleum Products in 7 Months

Iran's Ports and Maritime Organization (PMO) has reported more than 46.075 million metric tons (mt) loadings of crude oil and petroleum products at Iranian ports in the seven months ending October 21.

Iraq to Resume Crude Oil Imports to Jordan

Jordan announced that its Iraqi crude oil imports have resumed with 80,000 barrels being transported so far, Reuters reported.

GANOPE Pushes to Boost Crude Oil Output to 40,000 bbl/d

Minister of Petroleum and Mineral Resources Tarek El Molla reviewed the efforts of the South Valley Egyptian Petroleum Holding Company (GANOPE) to bring the total crude oil production of GANOPE and its subsidiarie ...

Iran Announces It is Capable of Ramping Up Oil Production to 7.4 mmbbl/d

Iran has the capacity to produce 7.4 million barrels of crude oil per day, according to the head of the office of the Supreme Leader's economic division.

ASORC Refines 3.4 Million Tons of Crude Oil in 2021/22

Assiut Oil Refining Company (ASORC) successfully refined about 3.4 million tons of crude to supply petroleum products to the local market at a value of EGP 47 billion, during fiscal year (FY) 2021/22, ASORC's Chai ...

China’s Oil imports Rose in April, But Refiners Face Weakened Demand

In comparison to the same month last year earlier, China's crude oil imports rose nearly 7%, the first increase in three months, although sluggish fuel demand due to COVID-19 lockdowns dampened refinery throughput ...

Russian Crude Oil Exports Decline by 25% in a Week

This comes as crude oil shipments to Asia from the ports on the Arctic, Baltic, and Black Sea coasts declined to its lowest levels in two months.

China’s Crude Oil Imports From Saudi Arabia Drop by 13% in March

China imported around 13% less crude oil from Saudi Arabia in March 2022, compared to a year earlier, while its imports from Russia dropped by 14%.

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