Oil output in Iran and Venezuela, under U.S. sanctions, has fallen by more than that of other OPEC members party to a supply cut pact, suggesting President Trump’s policies have Continue Reading
Saudi Arabian Oil Co. has the experience and infrastructure it needs to keep crude flowing should supply through the Strait of Hormuz be disrupted, according to the chief executive officer Continue Reading
South Korean President Moon Jae-in, right, shakes hands with Saudi Crown Prince Mohammed bin Salman during a meeting at the presidential Blue House, Wednesday, June 26, 2019, in Seoul, South Continue Reading
China is buying Iranian oil in defiance of US sanctions and providing what Tehran hopes will be a financial lifeline for the country’s buckling economy. Although Beijing customs data show crude purchases Continue Reading
Iraq, which has surpassed its oil output quota under the most recent OPEC/non-OPEC supply cut accord, is committed to the deal, but stands ready to meet any global demand growth, Continue Reading
Highlights US crude inflows recover to 8-month high Malaysia rises to 8th highest crude supplier China imported 1.08 million mt, or 255,065 b/d, of crude oil from Iran in May, Continue Reading
After years of drilling and development and billions of U.S. dollars of investment, Argentina’s vast shale play Vaca Muerta has finally seen the first tangible results with the first exports Continue Reading
Official Venezuelan President Nicolas Maduro and US-recognized Venezuelan President Juan Guaido are both vying for control over PDVSA’s refinery in the United States—Citgo—and a US court is set to decide Continue Reading
Outages at North Sea oilfields have helped put competing for Nigerian oil on pace to arrive in Europe at the highest levels in seven months in June, according to Refinitiv Continue Reading
South Korea’s refined oil product exports in May fell 10.5% on the year to 41.72 million barrels, or 1.35 million b/d, data released Wednesday from state-run Korea National Oil Corp Continue Reading
