China's crude oil imports in December rose 8% year on year to 23.67 million mt, or an average of 5.6 million b/d, according to preliminary trade data released Thursday by the General Administration of Customs. The volume is 1.9% lower ...
By John Lee. Oil exports from Iraq’s southern Basra terminals were restored to 2.35 million barrels on Saturday bad weather on Friday, according to a report from The National. Output was said to have fallen to just 1.32 million ...
Tags: Oil Exports, Iraq, crude oil, oil industry
Iraq’s State Oil Marketing Organization (SOMO) has issued a statement suggesting it will take legal action against companies exporting crude oil without dealing with the central government, including the confiscation of cargoes and ...
Tags: Iraq, crude oil, oil exports, Oil Marketing Company
Iraq’s crude oil exports fell by 11 percent in December due to bad weather in southern oil export terminals and the suspension of exports from Kurdistan, according to a report from Dow Jones. Exports averaged 2.348 million bpd, down ...
Reuters reported that a strategic pipeline for the UAE's oil exports to bypass the Strait of Hormuz could face more delay due to differences with the Chinese construction company. The pipeline will have a capacity of around 1.5 million ...
Tags: UAE New Oil Pipeline, Strait of Hormuz, Chinese construction company
Mr Hassan Khosrojerdi chairman of the Union of Oil, Gas and Petrochemical Products Exporters said that Iran’s private sector oil exports have increased 15%, which shows the ineffectiveness of the Western sanctions imposed on the ...
Tags: Mr Khosrojerdi, Private Sector Oil, Rise, Metallurgy
In a first-ever meeting, peak oil proponents met with the US Energy Information Administration earlier this month to urge the nation's top statistical agency to temper its rosy outlook on future US energy production. Representatives ...
Tags: peak oil proponents, US, statistical agency, energy production
AP quoted an Iraqi Kurdish official saying that the country's self ruled northern Kurdish region has suspended oil exports over a payment row with Baghdad,a development that could add to already souring relations between the Kurds and the ...
Tags: Oil Exports, Iraq, unilaterally struck
Mainland China imported 110,180 tonnes of fuel oil from Taiwan in November, up by 176% month on month, according to data from the General Administration of Customs. Taiwan CPC exported extra low-sulphur straight-run fuel oil because of ...
Tags: China Taiwan, Fuel Oil, Russia, Venezuela
US intelligence officials say there is growing evidence Iran was behind recent cyber attacks that disabled computers across the Saudi oil industry. These attacks contributed to a warning last week from Defense Secretary Leon Panetta that ...
Tags: Iran, cyber attacks, oil industry, disabled computers
Reuters reported that Rosneft,seeking to wrap up Russia's largest-ever takeover deal,raised USD 16.8 billion in bank loans and signed long-term supply deals with two leading oil traders that could be worth as much as USD 50 billion. ...
The Express Tribune reported that Iran has given Pakistan an offer that looks like it is too good to refuse. Tehran offered 100,000 barrels per day of crude supply to fuel starved Pakistan on a long term deferred payment. Sources said ...
Tags: Iran, oil, energy, oil industry
Reuters reported that crude flow from Iraq's autonomous Kurdistan has been cut by around 75,000 barrels per day because of a technical problem at Khurmala oilfield though the region's Tawke and Taq Taq fields are still at normal output. ...
Tags: crude flow, oilfield, oil, oil resources
The Kingdom of Saudi Arabia's non oil exports for the Q3 of 2012 amounted to SR 40,620 million, down SR 4,836 million for the same period of the previous year by 10.64%. The report issued by Central Department of Statistics and ...
Tags: non oil exports, machineries, electrical appliances, transport equipment
Reuters reported that Rosneft is talking to oil majors and traders, including Shell, Total and Glencore, to raise up to USD 10 billion using future oil exports as collateral to complete its purchase of TNK-BP and become the world's biggest ...
Tags: oil majors and traders, future oil exports, oil producer, trade finance