On Saturday, Chinese customs data showed that Iraq was the third supplier of crude oil to Chinese government refineries in December 2022. The data of the General Administration of Customs in China revealed that the largest suppliers to China in August were as follows: (from the largest) • Malaysia: 7.430 …
Read More »Oil prices drift lower, set for 3% weekly fall due to massive stocks release
Oil prices drifted lower on Friday and were set to drop around 3% for the week as consuming countries’ planned release of 240 million barrels from emergency stocks offset some concerns over reduced supplies from Russia due to western sanctions. Brent crude futures edged lower by 55 cents, or 0.6% …
Read More »Oil prices rise on Mideast tensions; crude stock build caps gains
Oil prices rose on Thursday, supported by tensions in the Middle East, but failed to recoup most of the previous day’s losses after a surprise build in crude stockpiles in the United States, the world’s top oil consumer. Brent crude oil futures rose by 29 cents, or 0.41%, to $70.66 …
Read More »Oil Ministry: We are working to sustain production, OPEC Plus agreement is linked to events and challenges
Ministry of Oil set a plan to maintain production rates from oil fields, while noting that the agreement to restrict production according to the OPEC Plus agreement is for a specific period, which is no longer needed due to the demise of challenges and circumstances. And the Undersecretary of the …
Read More »Oil Ministry: the revenues of June amounted to more than six billion dollars
The Ministry of Oil announced on Monday, that the oil revenues for the month of June amounted to more than six billion dollars. A statement by the Ministry, received AlghadeerTv, stated that the total exports and revenues achieved for last June, and according to the final statistics issued by the …
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