China appears likely to add Norway into the list of its regular crude oil suppliers in 2020, with the country's independent refiners especially finding North Sea's new Johan Sverdrup crude attractive for its competitive price and familiar specification.
News ID: 8064 Publish Date : 2019/12/22
Oil prices fell on Monday after data showed that Chinese exports declined for a fourth straight month, sending shivers through a market already concerned about damage being done to global demand by the Sino-US trade war.
News ID: 7890 Publish Date : 2019/12/09
China’s crude oil imports hit a record high on a daily basis in November, as refiners operated at high run rates to use up annual import quotas.
News ID: 7824 Publish Date : 2019/12/08
Saudi Aramco included outlooks regarding long-term oil demand in its initial public offering prospectus released on November 9. According to the document, the company believes that "demand growth for crude oil, condensate and NGLs is expected to continue, with a levelling off around the year 2035."
News ID: 7472 Publish Date : 2019/11/15
The National Iranian Oil Company (NIOC) plans to offer 6 million barrels of crude oil and condensates on the Iran Energy Exchange (IRENEX) on November 18.
News ID: 7446 Publish Date : 2019/11/14
National Iranian Oil Company (NIOC) will offer two million barrels of light crude oil at the international ring of Iran Energy Exchange (IRENEX) on Tuesday, Shana reported.
News ID: 7177 Publish Date : 2019/10/06
Iranian Oil Minister Bijan Namdar Zanganeh said on Sunday that Iran will use any possible way to export its oil, stressing that exporting crude was the country’s legitimate right.
News ID: 7175 Publish Date : 2019/10/06
Crude oil futures edged higher during mid-morning trade in Asia Friday amid bargain hunting after prices sank to near two-month low the day before, and were currently moving in a tight range awaiting fresh cues to provide direction, analysts said.
News ID: 6548 Publish Date : 2019/10/04
The U.S.-China trade war, which has been going on for more than a year, entered a new phase last week as China not only imposed new tariffs on U.S. goods in retaliation against Trump's actions, but took the matter a step forward by putting "crude oil" on its tariff list.
News ID: 6320 Publish Date : 2019/09/02
China's crude oil imports from Iran rose 4.7% month on month to 926,119 bpd in July, data made available by China's General Administration of Customs showed.
News ID: 6258 Publish Date : 2019/08/29
Iran’s Oil Minister Bijan Namdar Zanganeh has denied the idea of U.S. sanctions’ long-term impact on the country’s oil production and exports capacity, saying output could be back to normal very quickly once the sanctions are removed.
News ID: 6254 Publish Date : 2019/08/29
Brent crude oil futures rose above $60 a barrel on Wednesday after industry data showed a larger-than-expected drop in US crude inventories, but lingering worries about a possible global recession capped gains.
News ID: 6086 Publish Date : 2019/08/22
Iranian heavy oil price increased $1.77 in July, according to OPEC’s latest monthly report published on Friday.
News ID: 6008 Publish Date : 2019/08/17
National Iranian Oil Company (NIOC) will offer two million barrels of heavy crude oil at Iran Energy Exchange (IRENEX) on Tuesday, IRNA reported.
News ID: 5894 Publish Date : 2019/08/13
Head of National Iranian Oil Refining and Distribution Company (NIORDC) said Iran’s crude oil and gas condensate refining capacity has increased by 38.8 percent since 2017.
News ID: 5392 Publish Date : 2019/07/22
South Korea’s crude oil imports have fallen 12.6 percent in June to 11.49 million tons, an indication that the country is having problems replacing its oil imports from Iran.
News ID: 5208 Publish Date : 2019/07/15
The National Iranian Oil Company (NIOC) has planned to offer 2 million barrels of heavy crude oil on the Iran Energy Exchange (IRENEX) on July 9.
News ID: 5079 Publish Date : 2019/07/09
China is allowing additional crude oil import quotas to predominantly private oil refiners in the world’s top oil importer, Reuters reported on Tuesday, citing a document it has seen.
News ID: 5017 Publish Date : 2019/07/04
The two key raw material for steel production, Iron Ore and Scrap prices are moving in opposite directions. The Vale disaster at the Brumadinho tailing dam in late January this year has led to a cut in iron ore supplies, and a spike in spot prices making them to hit five years high, leaving no margins for blast furnaces.
News ID: 4827 Publish Date : 2019/06/16
Preliminary data released by Japan’s Ministry of Finance show that the country’s crude oil imports from Iran dropped 42% month-on-month to 169,100 barrels per day in April.
News ID: 4783 Publish Date : 2019/06/09