Tag: crude oil

• Sunday, October 10th 2021 - 19:41 UTC

  US will not release strategic reserve and Brent oil climbs to US$ 83 the barrel

  

  By Julianne Geiger for Oilprice.com - The Unite States Department of Energy is walking back previous comments that it was considering a release of the Strategic Petroleum Reserve and a ban on crude oil exports, Bloomberg’s Javier Blas reported on Twitter.

• Wednesday, October 28th 2020 - 09:25 UTC

  Brazil third largest supplier of crude oil to China during September; Russia leads

  

  Data from the Chinese Customs Administration indicates that in September, Brazil advanced to the position of third-largest supplier of crude oil to the Asian country, as independent Chinese refiners obtain cheap and a relatively high-quality supply from the South American exporter.

• Thursday, April 30th 2020 - 08:39 UTC

  Argentina refineries running at minimum capacity because of lack of demand

  

  A Buenos Aires crude oil refinery operated by Argentine state-controlled energy firm YPF is running with a minimal level of workers due to a drop in consumption and a lack of storage space amid a crash in global oil prices during the coronavirus pandemic, a spokesman said on Wednesday.

• Wednesday, April 1st 2020 - 07:35 UTC

  Crude oil benchmarks open April overshadowed by fears of global oversupply

  

  Crude oil benchmarks opened the month mixed on Wednesday, following their biggest-ever quarterly and monthly losses, overshadowed by fears of global oversupply as data showed a bigger-than-expected rise in inventories in the United States.

• Wednesday, February 19th 2020 - 06:49 UTC

  China lifts tariffs on 696 products imported from the US, including farm and energy products

  

  China said on Tuesday it would accept applications for new tariff exemptions for 696 products imported from the United States including key agricultural and energy products such as pork, beef, soybeans, liquefied natural gas and crude oil.

• Friday, January 24th 2020 - 08:44 UTC

  Record oil production in Brazil during 2019

  

  By Irina Slav for Oilprice.com – Brazil produced more than 1 billion barrels last year, the first time it has breached the 1-billion-barrel mark, according to reports from the country’s oil regulator, ANP. The daily average stood at 3.106 million bpd, up 7.78% on 2018, ANP also said.

• Monday, October 21st 2019 - 09:40 UTC

  Ecuador resumes oil exports after days of violent protests

  

  Ecuador on Sunday said it had resumed crude oil exports curbed by violent protests that forced several wells in the Amazon to halt operations.

• Thursday, July 4th 2019 - 11:04 UTC

  Gibraltar detains Super Tanker ‘The Grace 1’ heading with oil for Syria

  

  Gibraltar's Chief Minister Fabian Picardo, announced the detention of a supertanker allegedly in violation of EU sanctions against Syria. The statement follows:

• Friday, November 9th 2018 - 08:27 UTC

  Oil down 20% from its October peak despite US sanctions on Iran

  

  Oil markets on Friday remained weak as rising supply and concerns of an economic slowdown pressured prices, with U.S. crude now down by 20% since early October. U.S. West Texas Intermediate (WTI) crude oil futures were at US$ 61.63 per barrel.

• Monday, August 10th 2015 - 06:46 UTC

  Global oil supply more fragile than you think

  

  Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. But the rebound in April and May to $60 per barrel from the mid-$40s suggested that the severe drop was merely temporary.