Reuters reported that this week Sudan and South Sudan may make a deal that will allow both countries to resume oil exports, although there is still a chance that negotiations will fall through.
Articles Tagged "exports"
The UAE has temporarily halted crude exports from its Jebel Dhanna terminal due to a sandstorm that continued to cover major parts of the emirates with blanket of dust. For full story, click here
OPEC’s income from oil and gas exports jumped 35 percent to more than $1 trillion last year as world oil prices hit record highs of almost $150 per barrel. For full story, click here
Nigerian crude exports for August have expected to total at least 1.46 million barrels a day from the 10 provisional loading programs seen so far by traders Thursday. For full story, click here
Vietnam will halt term exports of its flagship Bach Ho crude next quarter as it diverts supplies to its first major refinery, further tightening the Asia-Pacific market. For full story, click here
Kuwait News Agency declared that Kuwait’s crude oil exports to Japan plunged 28.2% in April from a year earlier to 10.59 million barrels or 353,000 barrels per day. Japan is Kuwait’s leading oil buyer with accounting for 20% of its total crude exports. For full story, click here
Chile’s exports plunged 41.5 percent and imports dipped 31.2 percent in the first quarter, compared to the same period in 2008. For full story, click here
Oil rose for a second day on Wednesday, after an industry group reported U.S. crude stockpiles dropped for the second week in a row and the dollar declined. Oil has climbed 34 percent this year, tracking global equity markets on optimism that an economic recovery will spur demand for fuel. Additional support for crude prices came from the dollar, which fell to the lowest level against the euro since March, bolstering demand for commodities as a hedge against inflation.
Norwegian oil producer DNO International declared that it has received formal approval from Iraq’s regional government in Kurdistan to start exporting crude oil from its field in northern Iraq. For full story, click here
Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.