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Washington. Iranian fuel cargoes targeted by a U. S. warrant for seizure were transferred to other ships for transporting to U. S. waters, a U. S. government source said on Thursday. A U. S. judge issued a warrant to seize Iranian gasoline cargoes on four tankers in July after U. S ...

Caracas. Venezuela’s long-suffering oil industry is ramping up exports even as production continues its inexorable slide. Exports of crude oil, the commodity that bankrolls the regime of President Nicolas Maduro, are set to reach a four-month high of at least 325, 000 barrels a day ...

Minsk. Belarusian oil refineries intend to process at least 16-16. 5 million tonnes of oil in 2020. Alternative oil will account for at least 10% of the volume, BelTA learned from Chairman of the Belarusian state petrochemical concern Belneftekhim Andrei Rybakov after a government conference ...

Moscow. Compliance with the crude production cut agreement by OPEC+ countries went down in July to 89% of the planned volume from 108% in June due to growth of output in certain OPEC states, whereas Russia’s compliance turned out higher than that of the United Arab Emirates and Iraq, for ...

Tokyo. Oil prices advanced on Friday and were heading for a second week of gains amid growing confidence that demand for fuel is starting to pick up despite the coronavirus pandemic that has slammed economies worldwide. Brent crude LCOc1 was up 14 cents, or 0. 3%, at $45. 10 by 0043 GMT, ...

Dhahran. Saudi Arabia's state oil company plans to cut capital expenditure to $25 billion or less next year, about half the amount it was originally planning. According to people familiar with the matter. Saudi Aramco may keep capex, most of which is spent on exploration and ...

Manila. Pilipinas Shell Petroleum Corp said on Thursday it will permanently shut down operations at its Tabangao refinery, blaming a slump in margins for what appears to be one of the first casualties of the pandemic among refiners in Asia. The 110, 000-barrel-per-day Tabangao facility in ...

Moscow. Opec's latest Monthly Oil Market Report (MOMR) expects oil demand to decrease by 9. 1mn b/d to 90. 6mn b/d this year, down by 100, 000 b/d from last month's projection, Report says. The downward revision reflects weaker-than-expected demand in the second quarter from some ...

Moskow. Rosneft will double year-on-year the handling of oil products, due to be supplied to northern regions, at the terminal in Arkhangelsk, the company said. "After the upgrade of Rosneft’s terminal in Arkhangelsk, the company will handle 110, 000 tonnes for the ...

Tokyo. Crude oil prices eased slightly on Thursday but held most of their gains from the previous session after U. S. government data showed a fall in inventories, supporting the view that fuel demand is returning despite the coronavirus pandemic. Brent crude LCOc1 was down 8 cents at $45. ...

Baku. The design of the upper block for the Azerbaijan's Karabakh field is being developed, General Director of the Karabakh Operating Company Tahir Dadashov said, Trend reports. Dadashov added that the design work is carried out by Wood company. "The work is in full swing. ...

Gomel. Drilling crews of the Belarusian industrial group Belorusneft built four wellbores in July, the company's press service told BelTA. The Svetlogorsk drilling department did the work. All the wells but one are over 3km deep. The exception is 2, 880m deep. Going as deep as 3, ...

Houston. Baker Hughes (NYSE: BKR) announced that the Baker Hughes international rig count for July 2020 was 743 down 38 from the 781 counted in June 2020, and down 419 from the 1, 162 counted in July 2019. The international offshore rig count for July 2020 was 183, down 11 from the 194 counted ...

Moscow. There are all reasons to believe that the Nord Stream 2 project will be implemented shortly. Russian Foreign Minister Sergey Lavrov said on Tuesday. "The participants of Nord Stream 2 company, including Russian, German and other participants, are set to finalize the ...

Tokyo. Oil prices moved higher on Wednesday after an industry report showed that U. S. inventories of crude fell more than analysts had expected, bolstering hopes that fuel demand in the world’s biggest economy can weather the coronavirus pandemic. Brent crude LCOc1 was up 15 cents, ...

Moscow. The Dung Quat refinery has processed Russian Sokol crude oil on trial basis to diversify resources. The test run was carried out between July 13-18 after the refinery in the central province of Quang Ngai had imported over 71 000 barrels of Sokol crude oil, Binh Son Refining and ...

Baku. The Trans Adriatic Pipeline (TAP) AG consortium has issued its Network Code, as approved by the national energy regulatory authorities of Greece, Albania and Italy, Trend reports citing the consortium. The TAP Network Code has been finalized following the public consultation launched ...

Port Louis. Anxious residents of Mauritius created makeshift oil spill barriers on Saturday as tonnes of fuel leaking from a grounded ship put endangered wildlife in further jeopardy. They stuffed fabric sacks with sugar cane leaves as satellite images showed a dark slick spreading near ...