Crude Oil News

Crude oil & Oil Products Export for November 2016
Azerbaijan >> 12/1/2016 - In November 2016, SOCAR has exported 159 712 tons of crude oil from Novorossiysk port, 91 616 tons from Supsa port, and 1 501 807 tons from Ceyhan port.Generally, 1 137 953 tons of crude oil was expor...
Russia Launches Urals Crude Oil Futures Trading in Moscow
Russia >> 11/29/2016 - Russia launched trading of a futures contract for Urals crude oil in Moscow on Tuesday, in a step to secure greater prominence for the Russian export blend. ...
Nigeria Considers Importing Crude Oil from Niger Due to Militant Attacks
Nigeria >> 11/26/2016 - Nigeria, typically Africa's biggest crude oil producer, is considering importing crude from neighbouring Niger due to militant attacks on pipelines in the Niger Delta that feed its refineries, a state...
China Company Signs MOU with BP on Caribbean Oil Project
China >> 11/9/2016 - Commodity trader Guangdong Zhenrong Energy Co. Ltd has signed a memorandum of understanding with BP Plc for commercial cooperation on an oil refinery in the Caribbean, according to a senior executive ...
Crude Oil & Oil Products Export for October 2016
Azerbaijan >> 11/1/2016 - In October 2016, SOCAR has exported 80 192 tons of crude oil from Novorossiysk port, 267 643 tons from Supsa port, 1 669 743 tons from Ceyhan port. Generally, 978 240 tons of crude oil was exported fr...
Crude Oil Prices in October 2016
Azerbaijan >> 11/1/2016 - In October 2016, price for Brent crude oil in the world market was $49.67 per barrel, Urals oil - $48.74 and BTC FOB Ceyhan crude oil - $51.35.
BP Sells U.S. Crude Oil to Thailand, Australia for First Time
Thailand >> 10/26/2016 - BP plans to ship 1 million barrels of U.S. crude to Thailand and Australia for the first time, three trade sources said on Wednesday, as the company steps up American oil exports to meet demand in the...
Argentina's Escalante Crude Tender for December
Argentina >> 10/26/2016 - Argentina's oil firm Tecpetrol and a unit of Chile's state-run ENAP have launched a tender to sell 740,000 barrels of Escalante crude for delivery Dec. 8-14 at Caleta Cordova terminal, according to a ...
Indonesia's Pertamina Targets 42% Increase in 2017 Crude Output
Indonesia >> 10/25/2016 - Indonesia's Pertamina is targeting a 42 percent increase in crude oil production and a 17 percent increase in gas production in 2017 amid continued overseas expansions, a spokeswoman said. ...
China September Crude Output in Second-Biggest Decline on Record
China >> 10/19/2016 - China's crude oil production fell 9.8 percent in September from a year earlier, marking the second-biggest year-on-year decline on record, government data showed, as major producers shut high-cost wel...
Showa Shell Says Buys 55% of Japan's Iran Crude Imports in H1 of 2016
Iran >> 10/14/2016 - Oil refiner Showa Shell Sekiyu bought 55 percent of Japan's crude imports from Iran in January-June, said Chief Executive Officer Tsuyoshi Kameoka. ...
Tullow Seeks Truckers for Early Shipments of First Kenya Oil
Kenya >> 10/14/2016 - Tullow Oil Plcs Kenyan unit said its seeking trucking companies to transport crude from northwestern fields to the port city of Mombasa as the East African nation rushes to export its first oil by m...
Venezuelan Crude Sales to the United States Rose
Venezuela >> 10/12/2016 - Sales of Venezuelan oil to the United States increased 10 percent in September versus the previous month to 786,835 barrels per day (bpd) due to larger exports of crude blends, according to Thomson Re...
NISOC to Yield Over 3mbd of Crude Oil
Iran >> 10/10/2016 - National Iranian South Oil Company (NISOC) is well ready to produce more than three million barrels of crude oil per day. ...
NISOC Output to Cross 3mbpd
Iran >> 10/10/2016 - According to Managing Director of NISOC, the company is planning to bring its crude oil production to slightly over 3 million barrels per day by March 2017, end of the current Iranian calendar year. ...
S.Korea Refiners Buy Kazakh CPC Blend Crude for Nov-Dec Delivery
Kazakhstan >> 10/6/2016 - South Korea's top two refiners bought 2 million barrels of CPC Blend crude from Kazakhstan for delivery in November-December after an arbitrage window opened from the Mediterranean to North Asia, comp...
Rosneft to Sell 96M Tons of Crude Oil to Petrovietnam
Russia >> 9/23/2016 - Russia's Rosneft has signed a contract to supply 96 million tons of crude oil to PV Oil, an affiliate of state oil and gas PetroVietnam, starting next year, PetroVietnam said. ...
North Azadegan Crude Oil Exports Hit 8mb
Iran >> 9/14/2016 - The operator of North Azadegan oil field says Iran has so far exported over 8 million barrels of crude oil from the field. ...
Algeria to Send Oil to Cuba to Offset Falling Venezuelan Supplies
Algeria >> 9/7/2016 - Algeria is sending crude oil to Cuba for the first time to help offset lower supplies from the island's closest ally, Venezuela, where low prices have caused the steepest production decline in more th...
Saudi Aramco, Japan to Expand Okinawa Crude Storage Deal
Saudi Arabia >> 9/1/2016 - Saudi Aramco and the Japanese government are set to agree on a roughly 2 million barrel expansion of crude storage capacity in Okinawa, used by the state-run firm to store oil, Saudi Aramco CEO Amin N...

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