According to trade sources, the battle among oil suppliers to satisfy the rising demand for imports from China’s independent refiners is being heated by the
Category: Oil
OPEC Updates 2017 Oil Forecasts After Brexit
OPEC has recently updated its 2017 outlook for the oil market, taking into account possible consequences of Brexit. The cartel says that the world’s demand
Market Report: Shell’s Sale Plan to Be Delayed Due to Brexit
Royal Dutch Shell’s CEO, Ben van Beurden, informed investors that the European Union could slow its $30 billion asset sale plan in the wake of
Militants Attacks Nigeria’s Oil Pipelines
Nigerian oil pipelines in the southern Niger Delta energy hub, which belonged to Italy’s Eni and Aiteo, were blown up by militants. The blasts were
Venezuela Ships Oil to Singapore
Venezuela, which is currently in a deep political and economic crisis, has sent two fully-laden large crude carriers heading to Singapore. The vessels – the
Market Update: Global Oil Supply Stabilizes
Yesterday (30 June), oil fell again, pressured by more production in Nigeria and Canada. A Goldman Sachs analyst said that rising Nigerian output would put
Major Shift in the Oil Market: Russia Becomes China’s Top Crude Supplier
Russia overtook Saudi Arabia as China’s largest oil supplier in May, which marked the third consecutive month that Moscow has beat out Riyadh as the
OPEC: Oil Output Falling Short of the Demand
For the first time in three years, the Organization of the Petroleum Exporting Countries (OPEC) said that its current output was falling short of the
Venezuela Still Hoping for Oil Output Freeze
Venezuelan oil minister Eulogio del Pino said yesterday (16 June) that Iran would reach its pre-sanction oil output by September, which will revive the talks
Iran after the Embargo: International Tankers Help Ship Iranian Crude
Iran has been able to recover its pre-sanction level oil production and export at a much faster pace than earlier predicted also thanks to the