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Russia Raises Production Following Ease of Supply Curbs
Russia’s oil production rose 90K b/d m-o-m to 11.06M b/d in June, exceeding 11M b/d for the first time since April 2017, Reuters reports citing Energy Ministry data. Russia has pledged to restore output by 200K b/d in the second half of the year.
Combined imports of Iranian crude oil by major Asian buyers China, India, Japan and South Korea rose 14.6% y-o-y to an 8-month high 1.83M b/d in May, Reuters reports citing ship tracking and preliminary...Read More
India’s Oil Ministry urged domestic refiners to search for alternatives to Iranian oil and prepare for a drastic reduction or even complete elimination...Read More
On Thursday, Iran’s President carried out the official inauguration of the second phase of the Persian Gulf Star Refinery in Bandar Abbas, which is expected to boost the country’s refining capacity...Read More
Ethiopia was scheduled on Thursday to begin extracting 450 bbls of crude oil on a test basis from the country’s south-eastern reserves in the Ogaden region, newswires report citing statements by the...Read More