crude oil | Egypt Oil & Gas - Part 24
Oil Oversupply Not Helping Old Tankers As Originally Anticipated
As tanker owners with aged VLCC tankers were looking for an opportunity in the scrap market, in order to send their vessels for demolition, the opportunity of floating storage plays rose, giving those older ship anot ...
Chinese Raw Material Imports Slow During Holiday
China's imports of commodities eased again in February, as the Lunar New Year holiday week took a bite out of shipping volumes, preliminary customs data showed on Sunday.
Fujairah Port to Expand Crude Oil Storage Capacity
Vopak Horizon Fujairah, partly-owned by Emirates National Oil Company (Enoc), announced on Thursday it’s increasing its storage capacity from 2.1mcm to 2.6 million by 2016.
Iran Preparing for South Pars Oil Production
Iran is set to produce oil from the South Pars mega field within the next couple of years, says official.
Angola Aims for 2 mil b/d Crude Output by 2016
Angola hopes to achieve its long-held crude production target of 2 million b/d by the beginning of 2016, state oil company Sonangol said Friday.
Saudi Oil Selling Price Rise for Asian Market in Works
Top oil exporter Saudi Arabia is expected to raise the official selling price (OSP) for most of its crude grades to Asia in April, including a hike in the OSP for Arab Light to a four-month top, in line with a strong ...
Iraq Crude Oil Exports Decline by 14%
Iraq’s Oil Ministry said on Thursday that crude exports averaged 2.535 million b/d in January, a decrease of nearly 14% from the previous month, depriving the nation of badly needed cash both for ongoing military ope ...
Angola to Cut Budget by 25% as Oil Revenue Plunges
Angolan President Jose Eduardo dos Santos said oil revenue in this year’s budget will plunge by almost half, forcing Africa’s second-largest crude producer to cut spending.
