Imports of Russian crude to China stood at 1.49 million bpd – up from 1.35 bpd in April last year.
Read More »Iraq has Alternative Plans for Any Stoppage of Iran Gas Imports
Iraq plans to build a refinery with a capacity of 150.000 bpd near the northern city of Mosul.
Read More »Oil Prices Approaches $70 amid OPEC Supply Cuts
Venezuela'.s state-run energy company. PDVSA. kept oil exports near 1 million barrels per day in March despite US sanctions.
Read More »OPEC may Cancel April Meet. but Hold Steady on Oil Output
The JMMC includes major oil producers Saudi Arabia and Russia and monitors the oil market and conformity levels with supply cuts.
Read More »Oil Prices are Good for Producers. Consumers
Consumer countries see that a price between $60-70 is a good price for everyone.
Read More »Saudi Aramco IPO expected within two years
Saudi Aramco is expected to issue its initial public offering (IPO) within two years.
Read More »Donald Trump Tweets on OPEC for First Time in 2019
US plans to sell up to 6 million barrels of crude oil from the Strategic Petroleum Reserve in April.
Read More »UAE Reduces Oil Production by 3.1% under OPEC Deal
The Emirates should reduce the production of oil from 3.168 million barrels per day to 96.000 barrels per day.
Read More »Libya’s Largest Oilfield still Closed
The oilfield deep in Libya’s south has been closed since December.
Read More »Global Oil Supply will Swamp Demand in 2019
Venezuela’s production has almost halved in two years to 1.17 million bpd.
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