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India has been urging the OPEC to end Asian Premium with Prime Minister Narendra Modi.
Read More »OPEC Charges Extra price. India Loses Billions of Dollars
Kuwait will Ship its First Light Crude Grade by End-June
Kuwait is planning a new heavy crude grade later this year. with a gravity of 16 API and 4.9% sulfur content.
Read More »Iran Condemn US Output Rise Request
Iran criticized the Trump administration’s unofficial request to ramp up oil production to offset the shortfall of Iranian crude exports.
Read More »PDVSA Transfers Oil at Sea Despite Customer Doubt
The delivery method entails specialized equipment and training and higher costs for ship owners and customers.
Read More »China independents Look for Other Crude Oil Grades to Cover Venezuelan Shortfall
Venezuelan crudes are mainly used for asphalt production in China. the demand for which peaks over September-November.
Read More »ExxonMobil Sees Russian LNG Plant`s Capacity at 6.2 Million T Year
The plant’s capacity also could be increased from planned initial volumes.
Read More »Iraqi Lawmakers Want Out Of OPEC Deal
Some new members-elect of Iraq’s parliament think that Iraq should be able to export as much crude oil as it wants.
Read More »PDVSA Considers Force Majeure on Oil Exports
Oil is the financial lifeline for the embattled socialist government of President Nicolas Maduro.
Read More »US Asked OPEC to Raise Oil Output Due to High Gasoline Prices
The U.S. request was discussed at the meeting of the relevant ministers of Saudi Arabia. the United Arab Emirates. Kuwait and Oman in Kuwait this Saturday.
Read More »Oil Prices Rise amid Venezuela Export Concerns
Falling production from Venezuela has contributed to a rally in global oil price Brent to nearly $80 a barrel.
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