According to Reuters Iraq is aiming to export a record volume of Basra crude from its southern terminals in October during the current price war being fought between Saudi Arabia, Kuwait, and Iran.
In exclusive statements made to CNN Iran's Oil Minister Bijan Zanganeh boasted that Iran would push its production by close to 1.5 million barrels by the end of 2016
According to Tansim News Agency, South Africa has formally announced its readiness to resume crude imports from Iran, once sanctions were fully lifted.
Using the world's first dedicated crude oil blending terminal, South Africa will by 2017 mix different grades of crude oil for export to refineries across Asia, enabling them to produce cleaner fuels more cheaply, an ...
China’s crude imports rebounded last month to near a record as the world’s second-largest oil consumer began filling tanks at a new strategic petroleum reserve site.
Iran has found possible oil shales in southeast Kerman and northern Semnan as the country is trying to figure out an estimate of its unconventional hydrocarbon reserves.
Top oil exporter Saudi Arabia is expected to cut monthly prices for medium and heavy grades it sells to Asia in August on weaker fuel oil cracks, while keeping the price for its flagship light crude little changed
Share sales by US oil and gas companies have slowed sharply in recent months, in a sign of the tightening financial pressures on the industry following the fall in crude prices.