Iran Determined to Increase its Oil Exports Despite US Sanctions

Iranian Oil Minister Javad Owji said "good things will happen regarding Iran's oil sales in the coming months."

September 2, 2021

Crude Oil , Trade

OPEC August Oil Output Rises But Outages Limit Gain, Survey Shows

OPEC+ has been easing record output cuts agreed in April 2020 as demand recovers.

August 31, 2021

Imports , Exports

Saudi Arabia's Oil Exports Jump 123% to Over $16 Billion

Saudi Arabia, the world's biggest oil exporter, was hit hard last year when oil prices plummeted.

August 24, 2021

Trade , International , Pipelines

Russia Pledges Retaliation after New US Sanctions on Nord Stream 2 Pipeline

The $11 billion project, which will double the existing Nord Stream pipeline across the Baltic Sea and allow Russia to bypass Ukraine when piping gas to Europe, has been a focal point of tensions between Moscow and Washington.

August 23, 2021

Trade , International

Iran Resumes Fuel Exports to Afghanistan after Taliban Request, Union Says

To counter the price spike, the new Taliban government asked Shi'ite Iran to keep the borders open for traders.

August 23, 2021

Trade , International , Pipelines

US Imposes Nord Stream 2 Gas Pipeline Sanctions

U.S. President Joe Biden separately issued an executive order allowing for sanctions to be imposed on certain Russian pipelines.

August 23, 2021

Crude Oil , Trade , International

Saudi Arabia Remains China’s Top Oil Supplier

China’s total crude oil imports last month tumbled almost 20% from a year ago as independent refiners faced tighter import quotas amid a government clamp-down on trade of the permits.

August 20, 2021

Crude Oil , Trade , International , Shale Plays

India’s State-run Refiner Scoops Up US Oil as Demand Rebounds

India is mostly buying WTI Midland—the light, sweet crude grade produced in the top U.S. shale region, the Permian Basin, due to attractive prices.

August 18, 2021

Crude Oil , Trade

Canada Largely Depends on U.S. Imports, Despite Being World’s 4th Largest Crude Producer

Interplay of geography and demand underpins energy interdependency between the two countries, IHS Markit report says.

August 12, 2021

Crude Oil , Trade , International

Saudi Aramco Looks at Raising Production Capacity as Profits Surge

Saudi Aramco is using the rise in oil prices to reduce leverage and invest in increasing production capacity, bucking the trend among international rivals to raise returns to shareholders.

August 10, 2021