Venezuela’s Oil Exports Rise in September
Venezuelan oil exports rose again for a consecutive month after customers aim to buy as much crude as possible from the sanctioned nation before the US ramps up sanctions.
Venezuelan oil exports rose again for a consecutive month after customers aim to buy as much crude as possible from the sanctioned nation before the US ramps up sanctions.
Iraq’s oil ministry has announced that oil revenues accounted for in excess of $3.49 billion after a total of 85.6 million barrels of oil (mmbbl) were exported.
Pars Special Economic Energy Zone (PSEEZ) exported a total of 4.4 million tonnes of oil products from March to June.
Iran’s Shahid Rajaie Port has recorded a 32.6% increase in oil products exports since the beginning of the Iranian calendar year (March 20).
Angola has released its preliminary export schedule for July, showing that Angola is set to reduce exports for July by nearly 9% in comparison to June.
The Kingdom of Saudi Arabia’s oil exports in March rose by 113,000 barrels per day (bbl/d) to 7.391 million barrels per day (mmbbl/d) from 7.278 mmbbl/d in February.
Iraq plans to raise its crude oil exports to China to reach 300,000 barrels per day (bbl/d), according to Mudher Saleh, Iraq’s Financial Advisor.
Saudi Arabia’s crude oil exports have significantly increased by around 388,000 barrels per day (b/d) to reach 7.057 million barrels per day (mmbbl/d) in October, up from 6.669 mmbbl/d in September.
Iraq exported around 204,000 barrels of oil equivalent (boe) to Jordan during September, according to Energy Minister Hala Zawati.
The country is producing less than its usual capacity of approximately 5 million b/d, as per an OPEC+ agreement to cut production and support prices.