UK bank HSBC has accused Singapore oil trading company Zenrock Commodities Trading of dishonestly obtaining multiple sources of financing for crude cargoes, according to court documents seen by Argus.
News ID: 9378 Publish Date : 2020/05/08
Ecuador will restart crude loadings next week after the OCP repaired its heavy crude pipeline.
News ID: 9369 Publish Date : 2020/05/07
Russia's crude and condensate production edged higher in April — the only month in which output restrictions have not been in place since the Opec+ alliance began co-ordinated cuts in January 2017.
News ID: 9350 Publish Date : 2020/05/06
Crude and oil product storage is filling up fast in the Middle East's hub of Fujairah, UAE, because of lack of demand caused by the coronavirus pandemic.
News ID: 9029 Publish Date : 2020/04/02
As many as 25 very large crude carriers (VLCCs) were booked for floating storage during 1 February-30 March, according to shipping data obtained by Argus, as crude demand and prices plummet from a combination of the Opec+ battle for market share and the coronavirus pandemic.
News ID: 9006 Publish Date : 2020/04/01
Benchmark US crude futures have fallen by more than 7pc to below $20/bl, as the expiry of the Opec+ production restrain deal and plunging demand from the coronavirus sent prices sharply lower.
News ID: 8970 Publish Date : 2020/03/30
Ice Brent crude futures fell on renewed pessimism over the global demand outlook as the World Health Organisation (WHO) officially declared the coronavirus outbreak a pandemic.
News ID: 8702 Publish Date : 2020/03/12
US crude exports are poised to hit a fresh record in 2020 on the back of a series of infrastructure projects designed to add capacity to and from the Texas Gulf coast.
News ID: 8110 Publish Date : 2019/12/27
As per the recent data released by Chinese customs, nation’s crude steel output hit 9-months low and stood at 80.29 MnT in Nov'19. Previous lowest crude steel output was recorded at 74.58 MnT in Feb' 19.
News ID: 8028 Publish Date : 2019/12/16
Marine-fuel sulphur legislation will support demand for Mediterranean-region light sweet crudes in 2020, when access to sour crudes will be reduced by Opec output restraints and Mideast Gulf producers' focus on Asia-Pacific sales.
News ID: 7997 Publish Date : 2019/12/18
Russia will receive support from Oman as it raises the issue of excluding condensate from the Opec+ production cut agreement.
News ID: 7776 Publish Date : 2019/12/05
Iranian Industry Minister Reza Rahmani said car manufacturers and part makers of his country welcome Chinese carmakers wishing to invest in Iran.
News ID: 7369 Publish Date : 2019/11/11
Tondgouyan Petrochemical Company, the largest supplier of PET in Iran, has recorded a superb performance in the first 7 months of the current local calendar year (March 21-October 22) with an output at 103% of its nameplate capacity.
News ID: 7243 Publish Date : 2019/11/05
India's JSW Steel has pared its production and sales volumes targets for the 2019-20 fiscal year ending 31 March by 3pc each, citing a slowdown in steel demand.
News ID: 6959 Publish Date : 2019/10/24
K enya's President Uhuru Kenyatta flagged off the country's first export shipment of oil Monday, more than 200,000 barrels of crude.
News ID: 6268 Publish Date : 2019/08/29
Ahandful of oil tankers carrying US crude to China are racing to beat the September 1 deadline when Beijing's 5% tariff on US crude imports will kick in, but not all will cross the finishing line on time.
News ID: 6267 Publish Date : 2019/08/29
Australian crude production of 113,000 b/d fell to its lowest level in more than 35 years in the 2018-19 fiscal year to 30 June, down by 16pc from the previous low of 134,000 b/d the previous year, while condensate output reached a record high.
News ID: 6059 Publish Date : 2019/08/19
India’s steel giant - Tata Steel announced Q1 FY20 results yesterday. SteelMint attended the analyst/investor conference call and the highlights are mentioned below.
News ID: 5975 Publish Date : 2019/08/16
Commodity trading firm Trafigura has started shipping crude on the 670,000 b/d Cactus 2 pipeline, moving Permian crude to the Gulf coast.
News ID: 5947 Publish Date : 2019/08/15
Recently some reports have been published by ship tracking companies and industry sources regarding Iranian oil exports in July which have put the county’s shipments at near 100,000 barrels per day (bpd) in the mentioned month.
News ID: 5713 Publish Date : 2019/08/05