In July Norwegian exports reached NOK 62.7 billion, while imports came to NOK 31.8 billion. The trade balance reached NOK 30.8 billion, up 39 per cent from June to July this year. Increased crude oil exports contributed to the July result. For full story, click here
Asian imports of West African crude oil were expected to reach 1.62 million barrels per day in August, trade sources said on Thursday, the highest monthly volume since March 2006 as per Reuters data. For full story, click here
Marking a milestone in two decades, Cairn India will commence crude oil production from its Rajasthan desert field of Mangala next month, helping the energy-deficit nation cut imports. Cairn CEO Rahul Dhir stated: We are operationally ready to commence oil production in August. For full story, click here
A plunge in Japanese crude imports last month and weekly refining rates just over 70 percent show that demand in the world’s third-leading oil consumer is still weak and any pick-up promises to be slight. For full story, click here
A plunge in Japanese crude imports last month and weekly refining rates just over 70 percent show that demand in the world’s third-largest oil consumer is still weak and any pick-up promises to be slight. For full story, click here
Menafn declared that the Kingdom’s imports of crude oil during the first 5 months of 2009 dipped by 64.7% to stand at JOD 312 million compared to JOD 884.4 million during the same period in 2008. For full story, click here
Menafn declared that Morocco’s crude oil imports in the year to May reached MAD 5.44 billion slipping 62% compared to the same period of 2008. 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
China’s April crude oil imports have seen the first monthly rise of the year and hit the second-highest record on a daily basis, providing more evidence that oil demand in the world’s No.2 energy user is picking up. For full story, click here
Taiwan, which imports more than 99 percent of its crude oil needs reported that it has cut purchases of the fuel after a refiner shut a unit for maintenance. For full story, click here
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