Tag: exports
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Revenues from Saudi oil exports declined by 37.7% in May
Revenues from Saudi oil exports declined, during last May, on an annual basis, with the decline in average oil prices compared to the same period in 2022, and the Kingdom’s start implementing the voluntary production cut of 500,000 barrels per day. Official data – seen by the specialized energy platform – showed that Saudi Arabia’s…
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Saudi oil exports to China exceed expectations and rise 12%
Saudi oil exports to China exceeded expectations last June, registering an increase of 12% compared to May 2023. Total Saudi oil shipments to China amounted to about 7.92 million metric tons last month, or 1.93 million barrels per day, according to data seen by the specialized energy platform. The amount of Saudi oil exports to…
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The closure of the El Feel field brings back the specter of stopping Libyan oil exports again (video)
The specter of halting Libyan oil exports has resurfaced in the aftermath of the storming of the El Feel oil field by protesters, protesting the kidnapping of the Minister of Finance of the Government of National Accord, Faraj Boumtari, after news of his candidacy for the post of central governor. Against the background of the…
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Iran’s exports of liquefied petroleum gas hit record levels
Iran’s liquefied petroleum gas exports rose to record levels last May, with shipments increasing to China, Iraq and South Asia. Iranian liquefied oil gas exports in May were about 973.26 thousand tons; That is, a third above loading shipments in April, exceeding the 859,000 tons recorded in May 2022, according to data seen by the…
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Libyan Oil Minister: Increasing our gas exports to Europe is not currently possible
Libyan Oil Minister Mohamed Aoun confirmed that increasing his country’s gas exports to Europe is out of the question at the current stage, and that it can be considered in the long term after 5 years. He said that the export of gas from his country to Europe via Italy through the Green Stream line…
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Revenues from Saudi oil exports fell 23.6% in April
Saudi oil export revenues declined, during last April, on an annual basis, with the decline in average oil prices compared to the same period in 2022. Official data – seen by the specialized energy platform – showed that Saudi Arabia’s oil revenues decreased, in April, by 23.6%, compared to the same period in 2022. The…
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Diesel prices in the United States continue to decline, and an important role for Middle Eastern exports
Diesel prices in the United States continued their continuous decline since the beginning of this year (2023), to record levels lower than the numbers recorded before the Russian-Ukrainian war. Low-sulphur diesel futures prices have been in continuous decline since January 2023, through May 2023, when the average price fell $0.50 a gallon below February 2022…
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Stopping oil exports in Yemen will cost the government one billion dollars in losses
The cessation of oil exports in Yemen has caused the government to incur losses of more than $1 billion per month over the past 8 months, at a time when it is suffering from many financial and economic crises, with the continuation of the state of war and conflict between an internationally recognized government and…
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Revenues from Saudi oil exports declined by $8 billion in March
Saudi oil export revenues declined, during last March, on an annual basis, with the decline in average oil prices compared to the same period in 2022. And official data – seen by the specialized energy platform – showed that Saudi Arabia’s oil revenues decreased, in March, by 26.5%, compared to the same period in 2022.…
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UAE oil exports to Europe may triple in July
UAE oil exports to Europe have begun to witness an increase in the recent period, with the decline in supplies from Russia, amid the efforts of the countries of the old continent to diversify their imports. A number of experts expected that oil exports from the UAE to Europe would increase in the coming months,…
