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Global Oil Demand Growth Evaporates Because of Coronavirus
China >> 2/11/2020 - The coronavirus epidemic in China has triggered restrictions in the country’s public transport and air travel, both at a domestic and an international level, reducing demand for oil, which has lost ab...
Oil Slides Lower as Traders Evaluate China's Demand, Await OPEC+ Cuts
China >> 2/9/2020 - Oil prices slipped lower on Monday as traders assessed China’s oil demand following the coronavirus outbreak and waited to see if major producers will cut output further to balance markets. ...
Rosneft Signs Contract with Indian Oil for Oil Supply
Rosneft Signs Contract with Indian Oil for Oil Supply India >> 2/5/2020 - Rosneft Oil Company and Indian Oil Corporation Limited (IOCL) signed a contract to supply up to 2 million tonnes of oil to India via the port of Novorossiysk by the end of 2020. ...
Lekoil Updates on Otakikpo Operations
Nigeria >> 1/27/2020 - LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces, on behalf of the Otakikpo Joint Venture ("Otakikpo JV") which is made up of Green Energy ...
NOC Declares Force Majeure after LNA Blockades Oil Exports from Ports
Libya >> 1/18/2020 - The LNA General Command and the Petroleum Facilities Guard of the Central and Eastern Regions have instructed the managements of Sirte Oil Company, Harouge Oil Operations, Waha Oil Company, Zueitina ...
NOC Condemns Calls to Blockade Oil Facilities
Libya >> 1/17/2020 - The board of directors of the National Oil Corporation (NOC) strongly condemns calls to blockade oil ports ahead of the Berlin Conference on Sunday. ...
Kuwait Hopes to Resolve Neutral Zone Issue with Saudi Arabia by Year End
Kuwait >> 12/22/2019 - Kuwait’s oil minister said on Sunday he hoped Kuwait and Saudi Arabia will resolve the Neutral Zone issue by the end of 2019. The two countries halted output from the jointly-run oilfields - Khafji an...
Zangeneh to Meet with OPEC Sec. Gen., Conference President
Iran >> 12/5/2019 - Iranian Minister of Petroleum Bijan Zangeneh is scheduled to meet with Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), and Venezuela's People's Minister of Petroleum...
Aramco Signs 2020 Crude Oil Supply Deals at China’s Largest Trade Fair
Sudan >> 11/7/2019 - Saudi Aramco signed crude oil sales agreements for 2020 with five Chinese customers, increasing total volume by 151,000 barrels per day compared to their 2019 supply contracts. These new sales agreeme...
Karoon Energy signed Oil Marketing Agreement with Shell West
Brazil >> 10/21/2019 - Karoon Energy Ltd (Karoon) is pleased to announce that its wholly-owned subsidiary, Karoon Petroleo e Gas Ltda (KPG), has signed a marketing agreement with Shell Western Trading and Supply Limited (...
HOYER Supports the Definition of Digital Standards in the Transport Industry
Germany >> 10/8/2019 - HOYER supports efforts to improve the supply chain’s transparency by defining common standards between different suppliers. To achieve this, the internationally operating logistics specialist for liqu...
PEDEC Pursuing Oil Project in Makran, West Karoon Regions
Iran >> 7/30/2019 - The National Iranian Oil Company (in line with the National Resilience Economy Plan) is pursuing enhancement of crude oil production capacity in West Karoon joint oilfields, construction of the Goreh-...
Gazprom Neft Increases Arctic Oil Supplies to Europe
Russia >> 7/10/2019 - Total cumulative exports of ARCO and Novy Port oil, produced by Gazprom Neft at its Prirazlomonoye and Novoportovskoye fields, have now reached 30 million tonnes. The landmark consignment, shipped in ...
Oil Cargo from Draugen
Norway >> 7/2/2019 - The Teekay shuttle tanker «Grena Knutsen» unloaded 855 628 bbls of oil from the Draugen field for OKEA and Neptune the 25th of June. OKEA holds 729 769 bbls of this cargo which is sold to Shell Tradin...
India to Receive Millions of Barrels of Iranian Oil within a Month
India >> 5/11/2019 - Indian refiners are about to get two very large crude carriers carrying 4 million barrels of Iranian oil this month - one each at Paradip in the east and Kochi in the west, Reuters reported. ...
China's Iran Oil Imports Grow to Eight-Month High
Iran >> 5/11/2019 - China’s oil imports from Iran climbed to the highest in eight months in April which saw countries stock on Iranian crude before exemptions from US sanctions expired, new tanker data shows. ...
China Condemns US Plan to Stop Waivers for Iran Oil Imports
Iran >> 4/23/2019 - China has slammed US plans to tell it and other countries to stop buying Iranian oil or face sanctions, saying Beijing's cooperation with Tehran is in accordance with law. ...
ADNOC Signs New Long-Term Agreement for Base Oil Sales into India
United Arab Emirates >> 4/23/2019 - The Abu Dhabi National Oil Company (ADNOC) has signed another significant long-term sales agreement with an important end-user consumer - the Indian Oil Corporation (IndianOil) - for its high-quality ...
ADNOC Signs New Long-Term Agreement for Base Oil Sales into China
China >> 4/2/2019 - The Abu Dhabi National Oil Company (ADNOC) announced, today, that it has concluded a significant long-term sales agreement with the Xiamen Sinolook Oil Co. Ltd., of China, for its high-quality base oi...
Lukoil Supplies 10 Million Tonnes of Oil from Filanovsky Field to CPC System
Russia >> 3/14/2019 - LUKOIL has reached another milestone with ten million tonnes of oil supplied from its Vladimir Filanovsky field to the Caspian Pipeline Consortium (CPC) system. LUKOIL constructed a system of subsea a...

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