Iran, one of the largest oil exporting countries and a key player in the Organization of the Petroleum Exporting Countries (OPEC), has recently increased its oil storage capacity by adding 2 million barrels, after ...
Russia plans to establish several oil storage facilities and a number of new exporting outlets, in a move to help offset sanctions hampering the country’s oil sales, officials told Reuters.
The Iraq’s Oil Minister, Ihsan Abdul Jabbar, said that his government is going into advanced negotiations with the Chinese companies to establish oil storage facility in China seeking to boost its oil sales to Asi ...
The Organization of the Petroleum Exporting Countries (OPEC) has further lowered its forecast on oil demand due to the coronavirus pandemic and there are also doubts about 2021's recovery.
Iran exported a mere 273,000 barrels of oil per day (bbl/d) in June 2020 and Iran’s oil storage is nearing full capacity.
Brooge Energy expects opening new tanks at its oil-storage terminal in UAE to be fully operational by the end of the year.
India’s oil imports in May have nosedived 31% from April’s levels, representing the lowest importing figures since October 2011.
Western Desert Operating Petroleum Company (WEPCO) has inked a deal with the Engineering for the Petroleum and Process Industries (Enppi) and Petrojet to establish two crude oil warehouses at Al-Hamra Petroleum Po ...
Oil product stocks have reached new record levels at the UAE’s East Coast Port of Fujairah due to an increase in heavy fuels used in marine and power industries.
Brooge Energy Limited, an oil storage and service provider, announced on May 4 that it has signed an offtake contract with an oil trading company which is one of the super major oil companies in the world.
