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OilPrice.com 08/07/2020 19:00
The Nigerian National Petroleum Corporation (NNPC) has signed a preliminary agreement with two companies over a dispute about foreign firms exporting Nigerian oil from some offshore fields, which could pave the way to resolving all disputes with international oil majors about oil exports.
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ICIS News 08/07/2020 09:25
European and Baltic Sea export prices all jumped significantly this week, with supply shortages across the markets likely to last until September at the earliest.
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Sundaily (Asia) 08/07/2020 00:49
BEIJING/SINGAPORE: China's crude imports surged 25% in July from a year earlier, as massive purchases made while prices collapsed in April arrived and as some shipments delayed at ports in June finally cleared customs. China, the world's top crude oil importer, brought in 51.29 million tonnes of oil last month, equal to 12.08 million barrels per day (bpd), data from the General Administration of Customs showed on Friday. That is higher than the 9.66 million bpd imported in July 2019 but below a previous record of 12.94 million bpd set in June. Crude bought by Chinese bargain hunters in April, when oil prices plunged to multi-decade lows, arrived in China while inflows were also boosted as imports held up by congestion at Chinese ports were
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Financial Post (Canada) 08/06/2020 23:38
China July oil imports surge 25% from a year ago on buying binge.
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Seeking Alpha 08/06/2020 10:51
If this trend lasts, crude oil imports could be further strengthened, while the domestic market could potentially absorb more refined products, keeping clean exports at low levels.
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API - SmartBrief 08/06/2020 09:49
The US saw its crude oil exports decline for the fourth consecutive month to an average of 2.75 million barrels per day in June, according to US Census Bureau data, as the coronavirus pandemic continued to sap global oil demand.
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Trend News Agency is a leading news provider from the Caucasus, Caspian and Central Asian regions. Latest news from Azerbaijan, Georgia, Kazakhstan, Turkmenistan, Uzbekistan, Iran and Turkey.
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News18.com (India) 08/05/2020 17:14
Singapore’s exports to China, a typical importer of fuel oil, have fallen this year as China increased its output of residual fuels following new government tax and export rules.
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MarineLink News 08/03/2020 14:45
A total of 20 cargoes of crude and refined products were shipped last month from the OPEC-member country, with India emerging again as the main destination, with a third of total exports, according to the data.
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Platts 08/02/2020 09:54
Register Now Exports averaged 2.763 million b/d in July, compared with 2.816 million b/d in June, the ministry said Aug. 1 in a statement.
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Zero Hedge 07/31/2020 20:45
Why The Iran-China Oil Alliance Is So Important. Fri, 07/31/2020 - 20:45. The steady rise in U.S. strategic competition with the People’s Republic of China (PRC) over trade and the South China Sea already has so many dimensions that it is sometimes easy to ignore shifts in the PRC’s behavior in other areas .
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beijingbulletin.com 07/31/2020 14:42
The record-setting pace of oil imports also coincides with the intensification of conflicts with the United States on numerous fronts, suggesting that China may be importing more as part of its contingency planning or preparation for a disruption of supplies.
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