Tag: OIL EXPORT

Saudi crude exports rise to five-month high in June

Saudi Arabia’s crude oil exports rose to 5.965 million barrels per day (bpd) in June, their highest in five months, Joint Organisations Data Initiative (JODI) said

Iran opens oil export terminal outside strategic strait

Iran has opened its first oil export terminal that does not require tankers to pass through the Strait of Hormuz, a chokepoint patrolled by warships of its arch foe the US, President Hassan Rouhani announced

Saudi Arabia’s April crude exports slip to 10-month low

Crude exports from the world’s top exporter slipped to 5.408 million barrels per day (bpd) from 5.427 million bpd in March, while crude output edged lower to 8.134 million bpd in April

Russia’s Novak says OPEC+ countries will gradually restore oil output in May-July

Russian Deputy Prime Minister Alexander Novak added that Russia’s energy ministry was ready to support export curbs on oil products in order to bolster the domestic market

Saudi Arabia pips Russia to be China’s biggest oil supplier in 2020

Saudi shipments to China in 2020 were rose 1.9% from a year earlier to 84.92 million tonnes, or about 1.69 million bpd, data from the General Administration of Chinese Customs showed

Iraq aims to boost southern ports crude export capacity

Iraq aims to increase crude oil export capacity from its southern ports to 6 million barrels per day from the current 3.5 million barrels a day capacity

Venezuela’s oil exports stagnant in July at below 400,000 bpd

Venezuela exported about 388,100 barrels per day of crude and fuel in July, almost unchanged versus the previous month, as US sanctions on PDVSA continued limiting sales