April 2020

China’s March crude oil imports rose 4.5% year-on-year on stockpiling

Energy, Global, Oil Export

BEIJING/SINGAPORE (Reuters) – China’s crude oil imports in March rose 4.5% from a year earlier, according to official customs data, as refiners stocked up on cheaper cargoes despite falling domestic fuel demand and cuts in refining rates caused by the COVID-19 disease outbreak. China, the world’s top crude oil importer, took in 41.1 million tonnes […]

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Rockets target US oil company site in southern Iraq

Global, Iraq Oil, Oil Export, Petroleum and Gas

No damage or casualties reported after projectiles land near site of oilfield service company Halliburton in Basra. Halliburton is an American oil service provider working in the Zubair oilfield, which is operated by the Italian energy company ENI, or Ente Nazionale Idrocarburi. Monday’s attack was the first since last summer to target US oil companies

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Oil Prices Hit 20-Year Lows, But These Supermajors Are Hanging On Tight says Oilprice.com

Leave a Comment / Global, Oil Export, Petroleum and Gas

Oil prices slid 10% on Monday as the acceleration in coronavirus cases worldwide, which is bringing travel and business to a standstill, further dents global demand for crude. Oil punters have been watching unfolding developments in the energy space with bated breath after Saudi Arabia made good on its promise to ramp up production to

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