Novorossiysk Port Oil Terminal Resumes Operations, First 80,000 Tons of Crude Oil Set to Depart
On the evening of April 9th, Russia's largest Black Sea port, Novorossiysk, partially resumed oil an...
Occidental Petroleum Discovers Crude Oil at Bandit Prospect in U.S. Gulf of Mexico
Occidental Petroleum recently made exploration progress at the Bandit prospect in the U.S. Gulf of M...
South Korea's Pan Ocean Adds New VLCC Order, Continues to Expand Crude Oil Shipping Business
South Korean shipping company Pan Ocean has recently placed an order for a new Very Large Crude Carr...
Croatia Ensures Crude Oil Supply to Hungary and Slovakia to Alleviate Energy Shortage
Croatian Prime Minister Andrej Plenković stated that Croatia is capable of ensuring crude oil supply...
Supply Risk Premium Rises Following Disruption in Russian Crude Oil Pipeline
Russian pipeline operator Transneft has reduced its system-wide crude intake by approximately 250,00...
U.S. Crude Oil Inventories Fall by 9 Million Barrels; Refinery Utilization Rate Reaches 91.0%
The U.S. Energy Information Administration (EIA) released its weekly inventory data for the week end...
Western Canada Select Crude Oil Discount Widens to Near One-Year High
On Monday, the discount for Western Canada Select crude oil relative to the North American benchmark...
Kazakhstan's Crude Oil Exports Drop 30% in January; Increased Flows via Druzhba Pipeline to Germany Fail to Offset Impact of Field Shutdown
Kazakhstan's crude oil exports experienced a significant decline in January, decreasing by nearly 30...
China's Chambroad Buys Canadian Crude for May Delivery
Wedoany.com Report on Feb 3rd, Chinese independent refiner Chambroad Petrochemical has bought one Canadian crude cargo for May delivery, four trade sources said on...
Rise in Price of Azerbaijan's Azeri Light Crude Oil Affects Global Oil Prices
According to market news released from Baku, the price of Azerbaijan's main export oil product, Azer...