crude | Egypt Oil & Gas - Part 6
Saudi Refineries Eat Away at Crude Export Figures
Saudi Arabia’s April crude exports fell by 161,000 b/d as domestic refiners processed more crude, official data showed. Exports fell to 7.737 million b/d from 7.898 million in March when they hit their highest levels ... Asian Oil Refiners Look to Adapt to Market Changes Amid Crude Glut
The surge in oil supplies that has crushed prices is prompting some refiners in Asia to buy more crude that can be delivered immediately rather than at some future date, adding to pressure on sellers. With OPEC pumpin...
Iraq Makes Predictable Crude Price Rise to Asia
Iraq increased its July official selling price (OSP) for Basra Light crude to Asia as expected, but a steeper than expected hike for Basra Heavy could weigh on the new grade. Iraq set the July OSP for Basra Light crud...
Angola’s dos Santos Seeks Opportunities in China
Angolan President Jose Eduardo dos Santos met Chinese counterpart Xi Jinping on Tuesday on a state visit to seek financing for projects, including a $4.5 billion hydropower scheme, intended to revive an economy hit by...
Canada’s Crude Oil Output to Grow at Slower Pace Than Previously Forecasted
Canada’s crude oil output will continue to grow over the long term but at a slower pace than previously projected, reflecting many project postponements resulting from the slump in oil prices, the country’s main energ... Russia May Begin Importing Crude from Iran in New Oil-for-Goods Deal
Russia may start importing crude from Iran next week as part of an oil-for-goods agreement, Iranian Energy Minister Bijan Namdar Zanganeh said. “We hope that next week” Russia will take its first imports, Zanganeh tol...
Ras Gharib’s First Crude Cargo Purchased by India’s MRPL
Mangalore Refinery and Petrochemicals has made its first purchase of Egypt’s Ras Gharib crude, two sources with knowledge of the tender award said. The purchase is for loading in first half of July. Trader Vitol...
Egypt’s Petroleum Imports Up by a whopping 95%
Egypt’s petroleum imports increased 94.7 percent to LE7.82 billion in March from LE4.017 billion in the same period the previous year, state-run news agency MENA quoted the official statistics agency CAPMAS repo...
