crude

Crude exports via key pipeline through Russia to decline dramatically, operator warns

One of the world’s key crude routes, the Caspian Pipeline Consortium (CPC), suspended oil loading at its Black Sea marine…

2 years ago

Crude rally continues amid Kazakhstan turmoil

Global prices for crude oil saw a sharp increase on Thursday, extending the gains recorded during the previous session, as…

2 years ago

US sells Iranian crude seized on the high seas

The volume of crude sold reportedly amounted to about 1.1 million barrels. The returns would reportedly be sent to the…

2 years ago

Why a US crude export ban won’t lower prices at the pump

As the Biden Administration considers ways to lower the price of gasoline in the United States, which is now at…

2 years ago

Oil markets get another bullish jolt as Saudi Arabia cranks up crude prices for global exports

In particular, Aramco increased pricing for its key Arab Light grade of crude for Asian customers in December to $2.70,…

2 years ago

US makes $110mn by selling seized crude, allegedly Iranian, report suggests

The cargo from the Liberian-flagged tanker MT Achilleas was unloaded in Houston, Texas and sold at around $55 a barrel,…

3 years ago

Exports of Russian crude to US soared to 12-year high despite ongoing political tensions

According to the latest data released by the US Energy Information Administration (EIA), the US’ daily imports of crude from…

3 years ago

China set to buy millions of barrels of ‘cheap’ Iranian crude oil this month

That would be almost half the amount Saudi Arabia exports to China.An earlier report by Reuters from the beginning of…

3 years ago

‘Just like pirates’: Syrian minister says US controls most crude reserves in northeast, loots oil to strangle country’s economy

“Americans and their allies are targeting the Syrian oil wealth and its tankers just like pirates,” Petroleum and Mineral Resources…

3 years ago

‘We said: Inshallah’: US sanctions fail to prevent Iran from selling record amount of crude to energy-hungry China

China has never halted imports of Iranian crude completely, despite the US sanctions, with most shipments reportedly being indirect, officially…

3 years ago