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Crude Oil
OPEC and Russia May Ease Oil Production Cuts
Saudi Arabia, the world’s largest oil exporter, and other major oil-producing countries are likely to increase their output in August.
Oil & Gas Trade
Iran Exports $1.09bn Oil Products via PSEEZ in Three Months: official
Home to the largest gas field in the world, South Pars Special Economic Energy Zone, as the capital of energy in Iran, is considered as the hub of export of non…
Oil & Gas Trade
Saudi Oil Exports Down by $12 Billion Year on Year in April
The value of Saudi Arabia's oil exports dropped by 65.4 per cent in April when compared to the same month a year earlier, or a fall of about $12 billion.
Oil & Gas Trade
Venezuelan Oil Production Sinks to Lowest Output in 77 Years
Crisis-wracked Venezuela's relentless fall in oil production sunk to a new low in May, according to OPEC figures, a milestone in a decade of decline for the onc…
Oil & Gas Trade
Russia July Crude Oil and Fuel Oil Export Tariffs Rose to 5.16 US Dollars / Barrel
The Russian Ministry of Finance issued a statement on Monday saying that as oil prices recovered, Russia set the July export tariff for crude oil and fuel oil a…
Crude Oil
Venezuela's Oil Exports have Plunged
Venezuela's oil exports have fallen nearly 28% in the first half of June, on course for the lowest level in over 70 years as tanker owners and operators suspend…
Africa Energy
Nigeria Now in Full Compliance with Daily Oil Output
Nigeria had previously failed at complying completely with its promised cuts in past months.
Oil & Gas Trade
Iran Pressures South Korea To Pay Debts For Oil Exports
The governor of Iran's Central Bank has threatened legal action against South Korea if the Asian country’s banks refuse to unlock billions of dollars owed to I…
Africa Energy
Libya Oil Production Comes to Halt as Economy Affected
The civil war enforced by the warlord Khalifa Haftar in Libya has brought oil production and exports to a grinding halt, creating financial strain on the UN-rec…
Oil & Gas Trade
Iran Ready to Send More Fuel to Crisis-Stricken Venezuela
Iranian Foreign Ministry spokesman Abbas Musavi says Tehran will continue to export fuel to Venezuela if the South American country requests more supplies.
Oil & Gas Trade
Russia Overtakes Saudi Arabia as the Largest Oil Exporter to China
Russia last month overtook Saudi Arabia as China's biggest supplier of crude oil, exporting 1.75m barrels a day to China on average, compared with Saudi Arabia'…
Oil & Gas Trade
Oil Exports Fetch USD 1.4 Billion in Libya
Such was the amount from foreign sales of petroleum from January to April. Political instability caused a drastic drop in output.
Oil & Gas Trade
Saudi Arabia Succeeds In Seizing Oil Market Share From Key Rivals
Saudi Arabia doubled its crude oil exports to China in April to the highest volumes since at least 2017.
Oil & Gas Trade
Saudi Arabia's Oil Exports to Drop in May as Demand Slides
Saudi oil exports are expected to fall to about 6 million barrels a day in May, the lowest in nearly a decade.
Oil & Gas Trade
Venezuela Oil Exports Climb As OPEC Agreement Kicks In
While OPEC begins to scale back oil production to offset at least partially some of the world’s excess oil supply, Venezuela was busy ramping up its oil expo…
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