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China’s 2021 net crude imports to rise 3.4%, fuel exports by 32%- CNPC research


China’s 2021 net crude oil imports are forecast to grow 3.4% this year versus 2020 to about 559 million tonnes,

BPCL to cut crude imports from West Asia to 50% from 65%


Bharat Petroleum Corporation (BPCL), a major public sector oil refiner, plans to further reduce its dependence on crude oil from

West Africa crude-sales stay slow on tepid demand, competition


Supply gluts of Angolan and Nigerian crude remained sizeable as both Europe and Asia rein in buying during refinery maintenance

China’s Iranian oil buying spree crushes demand for Brazil, Angola crude


China’s record imports of Iranian crude in recent months has squeezed out supply from rival producers, forcing sellers of oil

Suez Canal closure highlights Asia’s growing dependence on Eastward oil flows


Earlier this week, a 400 meter-long container ship halted transit in both directions on one of the world’s major seaborne trade chokepoints after running aground across a single-lane stretch of the canal. Getting the vessel out of the way may

Canadian crude imports fall 20% in 2020 due to COVID-19 pandemic


Imports of crude oil into Canada dropped 20% year-on-year in 2020 due to weak demand as a result of the

India becomes largest buyer of US crude in first quarter of 2021


India has emerged as the top buyer of US crude in the first quarter of calendar year 2021 from second-biggest

CPC Blend crude oil exports to rise slightly in May -schedule


Black Sea CPC Blend oil exports from Yuzhnaya Ozereyevka terminal were set at 5.27 million tonnes for May compared to

China’s crude imports jump 21% yoy on robust demand, maintenance season looms


China’s crude oil imports jumped 21% in March from a low base of comparison a year earlier as refiners ramped

Russia ready to supply LNG to fuel-hungry Pakistan


Russia has offered Pakistan liquefied natural gas (LNG) supplies, Foreign Minister Sergey Lavov has revealed, as the South Asian nation

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