Crude oil production by Norway, the world's eighth largest exporter, is expected to fall 4% in 2013 to 1.47 million b/d, from 1.53 million b/d in 2012, the Norwegian Petroleum Directorate said on Friday. The NPD also said it expected gas ...
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
China's Ministry of Commerce (MOC) has announced that during last week (December 31, 2012-January 6, 2013) the average steel price in China increased by 0.3 percent compared to the previous week. In particular, in the given week prices of ...
Tags: China, MOC, average steel price, December
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 ...
Reportedly, Chinese Jiuli Stainless Steel Pipe announced that the company has won the US$13.9 million contract order for the supply of duplex stainless steel line pipes from Oman Oil Company Exploration & Production (OOCEP). The company ...
Tags: China, Stainless Pipe Supply, Deal
By results of January to November 2012, oil and oil products made 90.53% of Azerbaijan's export. According to the State Customs Committee, in the reporting period, crude oil made 85.03% of Azerbaijan's export and oil products made 5.5%. ...
Tags: oil, oil products, Azerbaijan, export
The Port of Rotterdam, Europe’s largest port, saw cargo throughput grow 1.7% in 2012 to a record 442 million tonnes. Mr Hans Smits president and CEO Port of Rotterdam said that “Although the growth is limited, it is another ...
Tags: Dutch, steel imports, Port of Rotterdam, container volumes
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
Indian growth rate of eight core sector industries declined to 1.8% in November, from 7.8% in the same month last year, due to drop in production of coal, natural gas and cement. The Eight core industries have a combined weight of 37.90 ...
Tags: coal, natural gas, cement, Steel, Petroleum Refinery Products
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
On December 31, Hubei Province based major Chinese steel producer Wuhan Iron and Steel Group announced that it has completed supplies of 20,000 tonne of steel plates for crude oil storage tanks in the Dagang district of Tianjin, built ...
Tags: Wuhan Iron and Steel Group, steel plates, crude oil storage tanks
The US rotary rig count was down 11 rigs at 1,763 for the week of December 28th 2012. It is 244 rigs (12.2%) lower than last year. The number of rotary rigs drilling for oil was down 13 at 1,327. There are 134 more rigs targeting oil than ...
Tags: US, rotary rig, oil, drilling
China Knowledge reported that China, the world's second-largest oil consumer, saw its oil processing volume climb 9.1% YoY to 41.61 million tonne in November. According to a statement released by the National Development and Reform ...
Tags: oil processing, energy, China, oil consumer, growth, oil refining
In a recent report,US based consulting firm Mcquilling Services attempted to forecast the course of bunker prices during the next few years,as this factor is among the most important ones when it comes to ship owning operating costs. ...
Tags: average bunker prices, Arts, Crafts, Mcquilling Services