inventories fell by 3.5 million barrels in the week to August 16 to 439.8 million
Exports from the Arabian Gulf to Asian refiners are growing -- a key barometer for the overall health of the global crude
That the NNPC is committing huge resources to the search of oil at a time when the world is seeking an alternative to crude
oil is not only sickening but alarmingly exasperating.
This figure is expected to gradually rise to a maximum of 100 trucks at the peak production of 2000 barrels per day," Mr Mbogo said.The involvement of more trucks will mean more expenditures in the multi-billion shilling experiment meant to try Kenya's crude
in refineries overseas.
According to the ministry, Asian markets received the bulk of the Omani crude
oil exports during March.
Utilizing Enterprises extensive distribution network, the Houston futures contract features access to more than 4 million barrels per day of crude
oil supplies, 45 million barrels of crude
oil storage and 18 deepwater docks.
India produced 9.2 Mt of crude
steel in January 2019, down 1.9 per cent on January 2018, it said.
Riyadh was not in a position to force Washington to change the political course in the region while the crude
bond between the two countries was gradually withering away.
Asia produced 946.8 Mt of crude
steel, an increase of 5.5% over the first nine months of 2017.
India is the second largest buyer of Iranian crude
after China, accounting for about 30 percent of total crude
exports from the Persian Gulf nation during April-August 2018.
Muscat: Oman's production of crude
oil and condensate throughout August 2018 amounted to 30.21 million barrels, with a daily average of 974,500 barrels, according to the monthly report issued by the Ministry of Oil and Gas (MOG).
The red points represent vessels carrying Middle Eastern crude
, showing a huge flow of crude
from the Arabian Gulf to India, through the Straits of Malacca--a narrow channel that represents a potential chokepoint for crude
supplies to Asia-- and on to China and Japan.
09 : 42 PM - 15/03/2018 Muscat, Mar.15 (BNA): The monthly report issued by the Ministry of Oil and Gas indicated that the Sultanate's production of Crude
Oil and Condensate during the month of February 2018 reached (27,075,580) barrels, with a daily average of (966,985) barrels.
oil prices now are higher than two years ago.
The Abu Dhabi National Oil Company (ADNOC) intends to add crude
processing capabilities to its refinery in the Ruwais region of Abu Dhabi.