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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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Coronavirus impact: The world is running out of places to store its oil

Global, 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. The world is awash in crude oil, and is slowly running out of places to put it. Massive, round storage tanks in places like Trieste, Italy, and

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Oil drops nearly 10%, breaking below $29 as demand evaporates … from CNBC.COM

Leave a Comment / Energy, Global, Oil Export

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. U.S. West Texas Intermediate crude dropped $3.03, or 9.5%, to settle at $28.70 per barrel. Earlier in the session WTI fell to a session low of $28.03 per

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Iraq Plans Production Surge In The Face Of New OPEC Cuts

Global, Iraq Oil, Petroleum and Gas

” raq needs a positive impetus to leave behind the travails of 2019 – the widespread demonstrations, the geopolitical flare-up engendered by the assassination of Major General Soleimani in Baghdad, the fall of the Abdul-Mahdi government – and demonstrable success upstream might provide a new narrative for the embattled country’s oil industry. Cognizant of this

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2019 CWC Conference Highlights – Iraq’s Most Trusted and Senior Energy Platform

Iraq Oil, Petroleum and Gas

“The Iraq Petroleum 2019 Conference took place on 27-28 June, in London, and was co-located for the first time, with a newly-launched Kirkuk & Mosul Megaprojects event. CWC welcomed more than 350 industry leaders and the key energy decision-makers from the Iraqi Government, represented by the most senior officials, led by Iraq’s Deputy Prime Minister and Minister of

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