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Links to previous press releases are below. We welcome bona fide press enquiries, please email for further information

News Oil

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.

News Oil

Libya’s Oil Production Disrupted

Libya’s NOC has declared force majeure on crude oil loadings from the Zueitina and Marsael-Hariga terminals due to an ongoing blockade of the eastern oil ports amid acute tensions between the country’s...

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News Economy,Steel

China’s Steel Sector Expands in June

Growth in China’s steel sector accelerated in June, according to the country’s steel sector Purchasing Managers’ Index, which climbed to 51.6, up from 50.6 in May and just below the 2018 high of 51.7...

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News Oil

Asian Imports of Iranian Crude Rise Ahead of US Sanction Reimposition

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...

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News Oil

Indian Refiners Urged to Secure Alternative Supplies to Iranian Oil

India’s Oil Ministry urged domestic refiners to search for alternatives to Iranian oil and prepare for a drastic reduction or even complete elimination...

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News Steel

Japanese Steel Exports Rise

Japanese steel exports edged up to 3.2 Mt in May, the first annual increase in shipments since January 2017, as lower exports to China and the US were countered by an increase in cargoes to other destinations...

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News Oil

Start-up of Second Phase of Major Iranian Refinery

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...

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News Oil

Ethiopia to Begin Crude Oil Extractions on a Test Basis

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...

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