Oil fluctuates after Russia bans exports to users of price cap
Oil fluctuated as investors weighed the fallout from a Russian ban on exports to buyers that adhere to a Group of Seven price cap.
oil exports
Russiaโs crude oil revenues take a hit even as exports swell
Russia is earning less from its oil exports, even as seaborne crude shipments surge to a six-week high. Thatโs because of the big discounts that Moscow is having to offer Asian buyers to snap up barrels shunned by Europe, which translate into a drop in export duties.
An oil country no more? Algerian energy exports sink rapidly
Algeriaโs energy exports are plunging, threatening more financial suffering for the OPEC member and a potential repeat of the mass demonstrations that toppled the president two years ago.
Libyaโs oil crescent gets back to work as Sarir field opens
Libyaโs oil industry continued to revive this week following a truce between the main factions in the OPEC memberโs devastating civil war.
Threat of Venezuela sanctions has Reliance buying Canadian crude
Venezuelaโs dwindling oil exports were dealt another blow as one of Indiaโs top refiners secured millions of barrels of Canadian crude on concern that the U.S. is poised to step up sanctions against Caracas.
Saudi oil exports to US fall to lowest level in 35 years
After flooding the U.S. with crude earlier this year, Saudi Arabia has all but cut off the taps to the American oil market.
Aramco starts fuel trading from UAE with ex-BP, Pemex hires
Saudi Aramco hired two Singapore-based traders and began dealing in fuel at the Middle Eastโs main bunkering port as the worldโs biggest oil exporter expands further into the trading business.
Mexico oil exports up 56% in first quarter of 2017
Mexicoโs oil exports went up by 56% in the first quarter of 2017, according to Dallasโs Federal Reserve Bank.
Russia calls Saudi oil to East Europe โtoughest competitionโ
Russian Energy Minister Alexander Novak said today that Saudi Arabia's entry into East European oil markets, traditionally dominated by Russia, was the "toughest competition".
Russia becomes second largest exporter of oil to China
Russia became the second largest supplier of oil to China after Saudi Arabia in the first six months of 2015. The country's oil exports increased by 27% as compared with the same period of the previous year to almost 786,000 barrels per day.
Oil sanctions: How effective are they?
I have been working in Syria on a gas project but had to leave because of the political situation there, plus the imposition of sanctions by the European Union (EU) on that country's oil and gas industry.
Brent slips back on Libya supply hopes
BRENT crude fell yesterday as investors anticipated a resumption of oil exports from Opec member Libya.