Trafigura’s Asia Pacific CFO, Nicolas Marsac, said that the Dutch multinational commodity trading company has offered South Sudan an advance payment of $10m for November oil cargo, Ecofin Agency reported. According to...
Iraq’s State Oil Marketing Company (SOMO) has sold an average of 3.276mb/d in oil exports during September, Business Recorder reported. According to Iraq’s Oil Minister these exports included an average of 3.245...
India is turning to Iran for 6m barrels of crude oil as it seeks to build up its strategic reserves, after talks with United Arab Emirates (UAE) stalled, Oil Price reported. State firm Bharat Petroleum Corp will buy 4...
New fighting erupted as Libyan forces, ousted recently from key oil ports, executed a counter attack to take back control of Al Sider terminal and triggering clashes near Ras Lanuf port, Gulf News Reported. Al Sider a...
A legal advisor for the army affiliated with Libyan general Khalifa Haftar and his interim government, Salah Abdul Kareem, said that Libya is ready to export Libyan petroleum oil to Egypt for Egyptian Pounds to allevi...
The Iraqi Oil Marketing Company (SUMO) announced that the country’s crude oil production in August remained steady at 4. 638mb/d, compared with 4.632mb/d in July, reported Business Recorder. Furthermore, the co...
The amount of West African crude oil heading east in September is expected to reach a five-month high, driven in part by trading houses. At least 60 cargoes, carrying the equivalent of 1.9mb/d are expected to make the...
Kenya inaugurated the first part of a new container terminal at Mombasa which is expected to boost by 50% the volume of cargo handled by East Africa’s largest seaport. The Kenyan president, Uhuru Kenyatta, who o...
Oman’s crude oil exports grew by 6.2% to 190.71mb during the first seven months of 2016. However, the average price of Omani crude fell by 39.9% to $36.4 per barrel in the overseas markets during the same period of ti...
Yemen has resumed production and exports from its Masila oilfields for the first time since a civil war began in March 2015, Reuters reported. Yemen port authorities said late July that they would reopen the crude ter...