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Caspian Oil Supply - May 2017
Caspian Oil Supply - May 2017 Azerbaijan >> 5/23/2017 - Azerbaijanís oil supply forecast for 2017 remained unchanged with a contraction of 70 tb/d to average 0.78 mb/d, while oil production in 2016 declined by only 10 tb/d. Azeri oil output in April was re...
Kuwait Says Agreement on Oil Output Cuts must Satisfy all Parties
Kuwait >> 5/23/2017 - Oil producers agree they need to do whatever is necessary to restore balance to the crude market but any decision on output cuts must satisfy all parties, Kuwait's oil minister told state news agency ...
Russia Beats Saudi As Top China Oil Supplier for Second Month
Russia >> 5/23/2017 - Russia has kept its top spot as oil supplier to China, beating Saudi Arabia for the second month in row, as independent refiners scooped up more volumes before their first batch of quotas expire. ...
Essarís Four-Month Oil Imports from Iran Rise 8%
Iran >> 5/21/2017 - Iranís key Indian client, Essar Oil received about eight percent more oil from Iran in the first four months of this year which recorded about 150,700 bpd, according to tanker arrival data obtained fr...
US Oil Trade - May 2017
US Oil Trade - May 2017 United States >> 5/18/2017 - Preliminary data shows that US crude oil imports in April went up to average 8.2 mb/d, which is an increase of 250 tb/d from the previous month and 579 tb/d from last year. Y-t-d, US crude imports in ...
Rosneft Eyes Joint Oil Supplies to Egypt with Italy's Eni
Rosneft Eyes Joint Oil Supplies to Egypt with Italy's Eni Egypt >> 5/17/2017 - Russia's largest oil producer Rosneft and Italian energy company Eni have signed an agreement to broaden cooperation, including in possible joint oil product supplies to Egypt, Rosneft said on Wednesd...
Saudi Arabia Oil Demand - May 2017
Saudi Arabia Oil Demand - May 2017 Saudi Arabia >> 5/16/2017 - In Saudi Arabia, March 2017 oil demand returned to a declining trend as oil demand dropped sharply by 0.24 tb/d or 10% y-o-y, with total oil demand reaching around 2.13 mb/d. On a cumulative basis fro...
Saudi Arabia, Russia Agree Oil Output Cuts until March 2018
Saudi Arabia >> 5/15/2017 - Saudi Arabia and Russia, the world's two top oil producers, agreed to extend oil output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up prices. ...
Philippines to Import 260,000 bpd of Oil from Iran
Iran >> 5/14/2017 - The Philippines plans to buy 250,000 to 260,000 barrels per day of oil for use in a new refinery from Iran, President of state-own Philippines National Oil Co. (PNOC) Pedro Aquino says. ...
Feature Article - May 2017
Austria >> 5/11/2017 - Non-OPEC oil supply development
Low oil prices in 2016 led to a reduction of around 23% in global E&P investments compared to the previous year, together with the deferral of several upst...
World Oil Demand - May 2017
Austria >> 5/11/2017 - World oil demand for 2016 was revised up by around 65 tb/d to reflect the most recent data with the most notable change being in OECD Europe. Total world oil demand growth for 2016 stood at 1.44 mb/d,...
World Oil Supply - May 2017
Austria >> 5/11/2017 - Preliminary data indicates that world oil supply fell by 0.41 mb/d in April to average 95.81 mb/d. However, global oil production was 831 tb/d higher than a year ago and increased by 363 tb/d y-o-y in...
Oil Trade - May 2017
Austria >> 5/11/2017 - In April, preliminary data shows that US crude oil imports went up to average 8.2 mb/d, an increase of 250 tb/d from last month and 579 tb/d from last year. On a year-to-date (y-t-d) basis, US crude ...
Iran Starts Exports from South Pars Oil Layer
Iran >> 5/10/2017 - Iran exported the first cargo of crude oil to the tune of 700,000 barrels from the South Pars oil layer last week. ...
Aramco to Cut June Oil Supplies to Asia by about 7 mln barrels
Saudi Arabia >> 5/9/2017 - Saudi Aramco will cut oil supplies to Asia by about 7 million barrels in June, a source with direct knowledge of the matter said. ...
Algeria Energy Minister to Visit Iraq, Backs Supply Cut Extension
Algeria >> 5/9/2017 - Algeria's Energy Minister Nouredine Bouterfa will travel to Baghdad on May 10-11 for talks on OPEC issues with his Iraqi counterpart, the ministry said in a statement on Tuesday, as oil producers cons...
Africa Oil Supply - April 2017
Africa Oil Supply - April 2017 Congo >> 5/9/2017 - In 2016, oil output in Africa is estimated to decline by 30 tb/d, to average 2.10 mb/d. Most African countries saw an oil production decline in 2016, which were partially offset by growth that came fr...
Oil Recovery of Joint Reservoirs 30% up Under Hassan Rouhani
Iran >> 5/8/2017 - Recovery of oil from Iranís southern oil fields rose by 30% under President Hassan Rouhaniís administration since 2013, an oil official says. ...
Iraq Declares the Primary Statistics of Oil Exports for April 2017
Iraq >> 5/7/2017 - The ministry of oil declared the primary statistics of the exported Iraqi crude oil and the outcome for April 2017 according to SOMO Company. The oil exports for April was (97,574,813) barrels, while ...
Iraq Exports First Shipment of Crude Oil to Egypt
Iraq >> 5/4/2017 - The ministry of oil declared the exportation of the first shipment of crude oil which was (2) million barrels to Egypt through the southern ports. ...

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