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Oil Retreats on U.S. Output Rise after Hitting Near 2Y High
United States >> 1/5/2018 - Oil prices fell on Friday, dropping from highs last seen in 2015, as soaring U.S. production undermined a 10 percent rally from December lows that was driven by tightening supply and political tension...
Iraq's Exports from Southern Oilfields Hit Record 3.535 mln bpd in December
Iraq >> 1/1/2018 - Oil exports from Iraq’s southern Basra ports rose to a record high of 3.535 million barrels per day (bpd) in December from 3.5 million bpd the previous month, two oil officials said. ...
SOCAR Energy Holdings Acquires A1 Petrol Stations in Austria
Austria >> 12/19/2017 - SOCAR Energy Holdings (SOCAR's Swiss subsidiary) is announcing its entry into the Austrian retail fuel market by taking over petrol station operator A1, as well as mineral oil trading company Pronto O...
Saudi Aramco Supplied 1 Million Barrels of Crude to Egyptian Refineries
Saudi Aramco Supplied 1 Million Barrels of Crude to Egyptian Refineries Egypt >> 12/17/2017 - Saudi Aramco, the world’s largest oil producer, has supplied 1 million barrels of crude oil to Egyptian refineries, Egypt’s Petroleum Minister Tarek El Molla told Reuters on Sunday. ...
Saudi Arabia to Supply Full Jan Crude Volumes to Several Asian Buyers
Saudi Arabia >> 12/11/2017 - Saudi Arabia, the world’s top oil exporter, will supply full contractual volumes of crude to five North Asian refiners in January, unchanged from the previous month, five sources with direct knowledge...
Iraq and Iran Negotiating Start Date for Kirkuk Oil Exports
Iraq >> 12/6/2017 - The head of Iraq’s state oil marketer SOMO is currently holding talks in Iran to determine a start date for oil exports from Iraq’s Kirkuk oilfields, Iraqi Oil Minister Jabar al-Luaibi said. ...
Iran Signs Oil Swap Deal with Iraq Soon
Iraq >> 12/3/2017 - Iran expects to sign a contract with Iraq within the next few days based on which it would swap the country’s oil produced in its Kirkuk province with equal amounts in the Persian Gulf. ...
Kuwait and UAE Oil Demand - November 2017
Kuwait and UAE Oil Demand - November 2017 Kuwait >> 11/29/2017 - Oil requirements also increased in Kuwait and the UAE by 3% and 2%, respectively, y-o-y as growth in the transportation fuels appeared to be the main source of support in both countries. ...
Non-OPEC Oil Supply Highlights in 2018 - November 2017
Non-OPEC Oil Supply Highlights in 2018 - November 2017 Austria >> 11/21/2017 - Non-OPEC supply in 2018 was revised down by 94 tb/d compared to last month’s analysis to average 58.54 mb/d, and now is expected to grow at a slower pace, which was also revised down by 71 tb/d to 0.8...
Majority of OPEC Members Support Extending Oil Output Cuts
Majority of OPEC Members Support Extending Oil Output Cuts Iran >> 11/21/2017 - Iran’s oil minister said on Monday that a majority of OPEC members support extending output cuts but a final decision will be taken at their next meeting on Nov. 30. ...
India Oil Trade - November 2017
India Oil Trade - November 2017 India >> 11/20/2017 - In September, India’s crude imports dropped from a month earlier by a slight 22 tb/d, to average 4.3 mb/d. Y-o-y, crude imports reflect a drop of 57 tb/d, or 2%. India’s refining throughput remained f...
Turkish, Iraqi Officials Discuss Resuming Kirkuk Oil Exports
Iraq >> 11/16/2017 - A Turkish energy delegation has met with Iraqi top oil officials in Baghdad to discuss issues including the resumption of Kirkuk oil exports via the Turkish port of Ceyhan, Iraq’s oil ministry said in...
Recent Developments in Global Oil Inventories - November 2017
Austria >> 11/13/2017 - Over the years 2014 through 2016, global oil inventories grew rapidly, as global oil supply outpaced world oil demand. During the same period, the crude futures’ forward curve flipped into a prolonged...
World Oil Demand - November 2017
Austria >> 11/13/2017 - World oil demand growth in 2017 was adjusted higher from the previous month by 74 tb/d, mainly to reflect better-than-expected data from China in 3Q17. As such, world oil demand growth for 2017 now s...
World Oil Supply - November 2017
Austria >> 11/13/2017 - World oil supply in October increased by 0.53 mb/d m-o-m from the previous MOMR to average 96.71 mb/d, representing an increase of 0.17 mb/d y-o-y. ...
Oil Trade - November 2017
Austria >> 11/13/2017 - In October, preliminary data shows that US crude oil imports increased to average 7.7 mb/d, up by 564 tb/d from last month and an increase of 132 tb/d from the same month a year earlier. Year-to-date...
Sonatrach & Baker Hughes Will Build $45M Algeria Plant
Algeria >> 11/9/2017 - State energy company Sonatrach and Baker Hughes, part of GE (BHGE), will set up a joint venture and build an oil equipment plant in Algeria at a cost of $45 million under a deal signed, Sonatrach said...
Argentina Oil Demand - October 2017
Argentina Oil Demand - October 2017 Argentina >> 11/7/2017 - Oil consumption in Argentina was flat during the month of July 2017 at 0.72 mb/d, with mixed product performance. All transportation fuels were in positive territory with the exception of diesel oil. ...
Japan Oil Trade - October 2017
Japan Oil Trade - October 2017 Japan >> 11/6/2017 - The declining trend seen earlier in Japan continued, with crude oil imports dropping in August by 145 tb/d, or 4%, to average 3.2 mb/d. Y-o-y, crude imports saw no changes. ...
Caspian Oil Supply - October 2017
Caspian Oil Supply - October 2017 Azerbaijan >> 11/1/2017 - In Azerbaijan, according to data provided by the Ministry of Energy, oil production declined by 0.07 mb/d m-o-m, averaging 0.75 mb/d in August, lower by 0.10 mb/d, y-o-y. Of this, 0.68 mb/d was crude ...

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