Oil Export – Page 2

Iraqi oil minister reveals plans to boost production to 8 million barrels by 2029

Iraqi Oil Minister Ihsan Abdul-Jabbar said that his country plans to increase its oil production capacity to 8 million barrels of oil per day by 2029, compared to current production of 4.8 million barrels per day, Asharq Business reported. He said that production capacity could reach 12 million barrels of oil per day. However he […]

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Iraqi crude exports rise 4 percent in February

Global, Iraq Oil, Oil Export

Nationwide oil exports increased to 3.395 million barrels per day (bpd) in February, up from 3.266 million bpd the month before, according to an Iraq Oil Report analysis of data from Iraq’s Oil Marketing Company and other industry officials. * As global oil prices surged, Iraq benefited last month from the biggest monthly oil revenue haul since

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Iraq Looks To Be Exempted From OPEC+ Cuts In Q1 2021

Energy, Iraq Oil, Oil Export

Iraq has asked OPEC to be exempted from oil export cuts in the first quarter of 2021, the oil minister of OPEC’s second-largest producer and the least compliant member of the pact, said on Wednesday. According to remarks of Iraqi Oil Minister Ihsan Abdul Jabba to local media, as reported by Reuters, Iraq has raised the

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Iraq’s Oil Exports To China Up 27.5% During First Half of 2020

Global, Iraq Oil, Oil Export

Despite the turmoil of 2020 in the crude oil market, Iraq has managed to increase its oil exports to China, its main customer. In its latest weekly report, shipbroker Banchero Costa said that “oil prices began to recover after the Organization of Petroleum Export Countries (OPEC) and its allies agreed to end a price war

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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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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

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