Tag: levels
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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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Russian oil prices to China hit their highest levels in 7 months
Prices of Russian oil shipped to China rose to a seven-month high, amid expectations that Iranian oil will replace imports from Moscow. Russia’s light, sweet Espoo crude, which was loaded at the Pacific port of Kozmino for delivery in August to China, traded at a discount of $4 per barrel to Brent futures on an…
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Russian oil is flowing to India and China above the price ceiling levels
India and China turned a blind eye to the US warnings, as they continue to import Russian oil at prices that exceed the ceiling set by Western countries in an attempt to reduce Moscow’s energy revenues. Beijing and New Delhi captured the vast majority of Moscow’s oil exports in April (so far) at prices above…
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Türkiye’s imports of Russian diesel rose to their highest levels in 7 years
Turkey’s imports of Russian diesel jumped during March 2023, taking advantage of the cheap prices offered by Moscow in the wake of European sanctions. Flows exceeded 10 million barrels in March, nearly 50% more than in February, enough to meet the country’s demand for at least two weeks, according to information seen by the specialized…
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Oil storage in Fujairah records record levels with the flow of Russian barrels
The demand for oil storage in Fujairah increased, in conjunction with the change in the movement of crude trade after Western sanctions against Moscow, which diverted the path of Russian barrels towards the Middle East and Asia. It is expected that the demand for oil storage and transit volumes in the port of Fujairah –…
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Oil and gas production in Norway may rise to record levels in 2023
Oil and gas production in Norway is expected to rise to record levels in 2023, serving Europe’s aspirations to rely on the country to compensate for the lack of Russian supplies. And the Norwegian Oil Directorate revealed – today, Monday, January 9 (2023) – that Norwegian oil production is expected to increase by 6.9% this…
