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China Condemns US Plan to Stop Waivers for Iran Oil Imports
Iran >> 4/23/2019 - China has slammed US plans to tell it and other countries to stop buying Iranian oil or face sanctions, saying Beijing's cooperation with Tehran is in accordance with law. ...
ADNOC Signs New Long-Term Agreement for Base Oil Sales into China
China >> 4/2/2019 - The Abu Dhabi National Oil Company (ADNOC) announced, today, that it has concluded a significant long-term sales agreement with the Xiamen Sinolook Oil Co. Ltd., of China, for its high-quality base oi...
Lukoil Supplies 10 Million Tonnes of Oil from Filanovsky Field to CPC System
Russia >> 3/14/2019 - LUKOIL has reached another milestone with ten million tonnes of oil supplied from its Vladimir Filanovsky field to the Caspian Pipeline Consortium (CPC) system. LUKOIL constructed a system of subsea a...
Reliance Halts Diluents Export to Venezuela, not Raised Oil Buying
Venezuela >> 3/13/2019 - India’s Reliance Industries Ltd, operator of the world’s biggest refining complex, said it had halted supply of diluents to Venezuela’s national oil company PDVSA and will not resume such sales until ...
First Post Acquisition Crude Oil Lifting from Tunisia
Tunisia >> 3/11/2019 - Panoro Energy ASA is pleased to provide an update on lifting operations in Tunisia. The first cargo of approximately 151,000 barrels of Rhemoura blend crude oil has been lifted from La Skhirra Termina...
Rosneft Develops Unique Technical Oil
Russia >> 3/11/2019 - Specialists of Rosneft United Research and Development Centre (part of the corporate R&D complex of Rosneft) together with LLC RN-Lubricants (a subsidiary of Rosneft) have developed and patented a met...
Oil Falls on U.S. Inventory Build, Shale Oil Output Forecasts
Austria >> 3/6/2019 - Oil prices fell on Wednesday as bullish output forecasts by two big U.S. producers and a build in weekly U.S. crude stockpiles outweighed OPEC-led production cuts. ...
Crude Oil Prices Rebound
Austria >> 2/26/2019 - Oil prices rose after a report of declining crude inventories in the country and as producer club OPEC seemed to stick to its supply cuts despite pressure from U.S. President Donald Trump. ...
YANOS Increases 2018 Refining Volumes to Reach 15.7 Million Tonnes
Russia >> 2/25/2019 - JSC Slavneft-YANOS increased refining volumes by 1.5 percent in 2018, to 15.7 million tonnes of oil (mt), making it one of the top three largest refineries in Russia. Light product yield was also up 1...
Production Crude Handling Agreement for Ugo-Ocha Offshore Terminal
Nigeria >> 2/11/2019 - Sirius Petroleum, the Nigeria-focused oil and gas development and production company, is pleased to announce that it has entered into a Crude Handling Agreement (“CHA”), in line with the Company’s com...
Oil Price Swings & Trump's Sanctions
Austria >> 2/6/2019 - During just six months crude oil prices ripped higher by about 20 percent, plunged more than 40 percent and snapped back 25 percent, an intense volatility that analysts warn could be the new normal in...
USA’s Sanctions Against Venezuela Make a New Strike
Venezuela >> 1/30/2019 - Oil prices rose on Jan. 29 after Washington imposed sanctions on state-owned Venezuelan oil company PDVSA in a move likely to curb the OPEC member’s crude exports, but gains were capped by abundant su...
Saudi's Falih Sees No Impact on Oil Markets from Venezuela Turmoil
Saudi Arabia >> 1/28/2019 - Political turmoil in Venezuela has so far had zero impact on global oil markets, Russia’s RIA news agency cited Saudi Arabia’s Energy Minister Khalid al-Falih as saying. ...
Iraq to Sign MOU to Supply Jordan with Oil
Iraq >> 1/28/2019 - Iraqi Oil Minister Thamir al-Ghadhban said that Iraq will supply neighboring Jordan with oil in accordance with a memorandum of understanding (MOU) to be signed after the approval of both governments....
Rouhani Says US would Fail to Prevent Iran Oil Exports
Iran >> 1/2/2019 - Iranian President Hassan Rouhani said the US would not reach its goals to prevent Iran’s oil exports. Addressing the government cabinet meeting on Wednesday, Rouhani described the current economic act...
Shell Obtains License to Independently Trade Oil Products in Chinese Wholesale Market
China >> 1/2/2019 - Royal Dutch Shell's (RDS.A, RDS.B) Chinese unit has obtained a license to independently trade oil products on the domestic wholesale oil market, S&P Global Platts reported. The license is the first th...
Iraq's Kirkuk Oil Exports to Stay Restricted
Iraq >> 12/26/2018 - Exports from Iraq’s northern Kirkuk oilfields to the Turkish port of Ceyhan will stay at between 80-90,000 barrels per day (bpd) as most of the crude produced is being diverted to feed refineries in t...
Total Poised to Start Exports from Big New Oil Field in Nigeria
Nigeria >> 12/20/2018 - Total SA is poised to start exports of crude from a major new offshore field in Nigeria, adding to global supplies at a time when oil prices are plunging. ...
Russia's Lukoil Buys First Iraqi Kirkuk Crude since Flows Resume
Iraq >> 12/12/2018 - The first cargo of Iraqi Kirkuk crude to change hands since flows resumed last month has been sold to Litasco, the Swiss-based trading arm of Russian oil producer Lukoil, ship-tracking data and a ship...
Iraqi Oil Minister Expects Prices to Rise Over Time
Iraq >> 12/10/2018 - Iraqi Oil Minister Thamer Ghadhban said he expected the fall in oil prices to stop and for prices to rise over time, adding that if OPEC had not cut production, prices would have dropped to $45-50 per...

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