Russia is ramping up oil exports from its major eastern port of Kozmino by about a fifth, aiming to meet surging demand from Asian buyers and offset the impact of European Union sanctions, three sources familiar with the matter …
(Bloomberg) — Saudi Arabia’s oil exports reached $30 billion in March, the highest in at least six years, driven by a rally in oil prices and rising production.
The value of crude exports, now almost $1 billion a …
(Bloomberg) — Russia will find new buyers for its oil, natural gas and coal both at home and abroad as some traditional customers reject its deliveries, said President Vladimir Putin.
While most countries haven’t imposed direct sanctions on …
WASHINGTON – Iran on Thursday opened its first oil terminal in the Gulf of Oman, a move aimed at making Iranian President Hassan Rouhani’s regime less dependent on the Strait of Hormuz, often a source of international tension.
The …
DUBAI, United Arab Emirates — Iranian President-elect Ebrahim Raisi gave his first press conference since the country’s election, saying Monday his priorities would be to improve ties with regional neighbors and revive the 2015 nuclear deal — and at …
DUBAI – The value of Saudi Arabia’s June oil exports was down 55% year on year, a drop of $8.7 billion, official data showed on Wednesday.
Compared with May, total exports – including non-oil exports of goods such as …
Source: Houston Chronicle
The nation’s supplies of commercial crude oil spiked by 5.7 million barrels last week, but declines in refined products caused overall petroleum supplies to fall for an unprecedented fourth consecutive week.
Crude oil prices dipped a bit …
From The Calgary Herald
A war of words between oil companies and their main pipeline provider Enbridge Inc. is expected to break out amid sweeping changes to Canada’s biggest oil export pipeline network at a time of tight takeaway capacity.…
Saudi Arabia plans to keep oil exports below 7 million barrels a day next month as OPEC’s biggest producer allocates less crude than customers demand in a bid to stabilize the market, according to the kingdom’s …
From Reuters
HOUSTON (Reuters) – U.S. President Donald Trump’s threats to tax Mexican imports could disrupt a long-standing cross-border energy trade, hitting U.S. consumers and refiners that use Mexican oil by boosting prices, and raising concerns about potential retaliation by …
For the first time in its storied history, West Texas’s Permian Basin will likely surpass a major milestone in March, when its production is forecast to exceed four million daily barrels (4 MMBOPD), according to U.S. Department of Energy projections…
From the Corpus Christi Caller Times
The Port of Corpus Christi has made its concerns about a proposed offshore oil terminal plainly clear — it doesn’t …
From Reuters
Intercontinental Exchange on Tuesday said it would launch a crude oil futures contract deliverable in Houston later this quarter, capitalizing on the growth in U.S. exports of crude oil that have risen to about 2 million barrels a …
From Bloomberg
Under U.S. pressure, kingdom boosts production by 330,000 b/d
Libyan, Venezuelan losses mean total OPEC output holds steady. Saudi Arabia’s biggest oil-production surge in five years was only enough to keep OPEC’s output steady last month, as losses …
Saudi Arabia, the world’s top oil exporter, will reduce the number of barrels it sends to Asian markets in July by about …
Oil exports are expected to remain static in the world’s 20 largest exporters according to the latest release of the PRIX global index…
Senator Lisa Murkowski (R-AK) has been a vocal proponent of lifting the U.S. crude export ban during her time as head of the Senate Committee on Energy & …
