Saudi Arabia to Reduce Oil Volumes to Asia in July

• Tuesday, 13th June 2017
• by Dr. Mahinaz El-Baz

Saudi Arabia, the world’s top oil exporter, will limit volumes of crude oil to some Asian buyers in July and deepen cuts in allocations to the US, industry. Cuts in crude oil allocations to Asia in July would to...

Kuwait Becomes Japan’s Third Crude Oil Provider

• Thursday, 8th June 2017
• by

Kuwait became Japan’s third-biggest crude oil supplier in April 2017, providing 257,000b/d, Hellenic Shipping News reported. The Japanese Natural Resources and Energy Agency revealed in a preliminary report that Kuwai...

Rosneft to Raise Crude Output if OPEC Deal Ends

• Wednesday, 7th June 2017
• by Dr. Mahinaz El-Baz

Russia’s largest oil company, Rosneft, has served notice that it will step up production in the event of a sudden end to the agreement among major crude producers to curb output in an effort to prop up prices, Financi...

Kenya to Export Oil to China, India

• Wednesday, 26th April 2017
• by

Kenya will invade the Asian market as an oil exporter by mid-2017. China and India are going to import oil from Kenya under a test program that will be launched in June, in opposition to a prior announcement stating t...

MENA Oil Exports to South Korea Increased

• Wednesday, 19th April 2017
• by Editorial Team

Oil shipments from Saudi Arabia to South Korea rose by 10.9% to reach 3.52m tons per month, or around 831,4b/d, during March compared to 2016, Reuters informed. However, South Korea’s imports of Saudi crude oil decrea...

Kenya Approaches Saudi Arabia for Cheaper Crude Oil

• Tuesday, 18th April 2017
• by

Kenya is negotiating with Saudi Arabia over importing crude oil from the OPEC’s member. The negotiations are part of the Kenyan government plan to import cheaper crude to be refined locally, Petroleum Africa reported....

Nigeria’s Crude Oil Output Decreased to 1.6mb/d

• Tuesday, 11th April 2017
• by

Nigeria’s average daily crude oil and condensate production decreased from the 2mb/d recorded February production to be 1.6mb/d in March, All Africa reported. According to data from the Ministry of Petroleum Resources...

Iraq to Increase Oil Output

• Monday, 10th April 2017
• by Editorial Team

Iraqi Oil Minister, Jabbar Al Luaibi, stated, during an energy conference in Baghdad, that the country is planning to increase crude oil output from 4.4mb/d to 5mb/d by the end of 2017, reported the Alpena News. Al Lu...

China to Increase Oil Imports from West Africa

• Sunday, 9th April 2017
• by

China will import record amounts of crude oil from West Africa in April. The OPEC’s supply cuts allowed other nations to attract the fast-growing Asian market, Bloomberg reported. According to South China Morning Post...

Iran Sells All Floating Storage Barrels

• Thursday, 6th April 2017
• by Editorial Team

Iran has sold all the oil it had stored for years at sea, Press TV informed, citing oil market sources. According to the news portal, this is a sign of the country’s positive performance in marketing its vital crude o...