The recent expansion of US sanctions against Iran is poised to significantly affect crude oil flows to China, as well as increase shipping costs.
October 20, 2024
South Sudan is preparing to restart its heavy-sweet Dar Blend crude exports through Sudan, aiming for a resumption within weeks.
September 22, 2024
Russia's increasing reliance on Asian markets, particularly India and recently Indonesia, marks a significant shift in global oil trade dynamics.
September 22, 2024
Saudi Arabia is poised to boost its crude oil supply to China in Oct., reflecting a strategic shift in response to market conditions.
September 15, 2024
In Jul. 2024, Gulf Coast re-exports of Canadian heavy crude oil reached 210K b/d, reflecting a significant increase of 44K b/d from Jun. and 110K b/d from the previous year.
September 15, 2024
In Aug., Asia’s crude oil imports showed a significant rebound from Jul.’s lows, with important implications for global oil demand and market dynamics.
September 08, 2024
Sara Wagenknecht, the founder of Germany’s ultra-left party BSW, has proposed lifting the embargo on Russian oil if her party gains influence in Brandenburg’s state government.
August 25, 2024
The Trans Mountain Expansion (TMX) pipeline has enhanced the economic viability of Canadian crude exports to East China, particularly Access Western Blend (AWB).
August 18, 2024
The major OPEC+ producer’s oil exports by sea increased to an average of 3.19MM b/d in the four weeks ending Aug. 11, marking a rebound from their lowest level in 11 months.
August 18, 2024
The North Asia country has achieved a historic milestone in its oil imports, reaching a record high of nearly 85MM bbl. of US crude in the first half of 2024.
August 03, 2024
