Saudi Oil Exports to China and India Set to Fall Amid War Disruptions
Saudi crude oil exports to its two biggest clients, India and China, are on course to decline in April because of the production disruptions in the Middle East, Bloomberg reported…
The Iran War Has Upended Global LNG Markets
Commodity analysts have revised their outlooks for global liquefied natural gas supply down by some 35 million tons as a result of the production and export disruptions stemming from the…
Venezuela Oil Production Climbs to 1.1 Million Bpd
Venezuela produced an average of 1.1 million barrels of crude daily this month, up from 942,000 barrels daily in February, according to a PDVSA presentation, as cited by Reuters. The…
Rystad Issues Oil Warning
The global oil system can no longer absorb shocks the way it could three weeks ago, Rystad Energy warned in a market update sent to Rigzone on Thursday. “For nearly…
China’s Top Shipper Resumes Middle East Trips Amid Iran Ceasefire Talks
COSCO Shipping Lines, China’s largest shipping company, has officially resumed new booking services for container shipments from the Far East to several key Middle Eastern destinations, with the United States…
Russia’s Vital Baltic Oil Hubs Crippled by Ukrainian Drone Campaign
A major fire broke out at the Ust-Luga oil port in Russia’s Leningrad region following a large-scale Ukrainian drone attack overnight on March 25, the second critical Baltic Sea export…
