crude oil | Egypt Oil & Gas - Part 5
Russian Crude Oil Exports Decline by 25% in a Week
Russian crude oil shipments fell by 25% in the seven day period till April 15, Bloomberg reported. This comes as crude oil shipments to Asia from the ports on the Arctic, Baltic, and Black Sea coasts declined to its l...
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%, Reuters reported. Saudi Arabia remains the top oil supplier for China...
Chinse Crude Imports Decline by 14% on a Year-on-Year Basis in March
In March, China imported 14% less crude oil than a year earlier as independent refiners cut back on purchases due to tightening margins and state-owned refineries underwent maintenance, Reuters reported. China, the wo...
Eneos Halts Russian Crude Purchases
Eneos Chairman Tsutomu Sugimori announced that his company has halted purchasing Russian crude oil after the invasion of Ukraine, Reuters reported. However, Sugimori elaborated that Eneos will keep contracts that were...
Agiba Petroleum Gas Production records 17 mcf/d in FY2020/21
Agiba Petroleum Company’s average production of natural gas reached 17 million cubic feet per day (mcf/d) during FY 2020/21, Ahmed Mostafa, Agiba Petroleum’s Chairman, stated. This comes as Minister of Pe...
China’s Crude Oil Imports Jump to 41.2 M tons in July
China’s imports of crude oil have recovered in July 2021, after six months of low imports as refiners completed maintenance works, Reuters reported. The country imported a total of 41.24 million tons of crude oi...
Oman’s Mega Crude Storage Park to Start Operations in Q1 2022
First phase of the Omani mega crude oil storage park is set to be fully completed and operational in Q1 2022, Oman Observer reported. The storage terminal is located in the Ras Markaz on the southern coast of Oman. It...
Saudi Arabia raises August’s Crude Oil Selling Prices
Saudi Arabia has increased its crude oil official selling prices (OSP) for August, Reuters reported. Accordingly, heavy, medium, and light crude oil intended for Asia will increase $0.8 per barrel – compared to July p...
