Oil Shipments from Georgia's Batumi Port Drop
Oil and oil-related shipments from Georgia's Black Sea port of Batumi dropped 24 percent in the first four months of 2019 from a year earlier, an official at a KazMunaiGas-operated terminal at the port said on Wednesday.Shipments of crude oil and refined oil products from Batumi have fallen in recent years…
Oil Shipments From Georgia's Batumi Drop 45%
Oil and oil-related shipments from Georgia's Black Sea port of Batumi fell by 45.3 percent in the first eight months of 2018 from a year earlier, an official at the KazMunaiGas operated terminal said on Monday.Some crude oil has been re-routed to the Baku-Tbilisi-Ceyhan pipeline and to the Caspian Pipeline Consortium this year, the official added, while some fuel
Jan-March Oil Shipments from Georgia's Batumi Down 54 pct
Oil and oil-related shipments from Georgia's Black Sea port of Batumi fell 53.7 percent between January and March from a year earlier, an official at the KazMunaiGas-operated terminal said on Wednesday. The official said some volumes of crude oil had been rerouted to the Baku-Tbilisi-Ceyhan pipeline and to the Caspian Pipeline Consortium this year…
Oil Shipments from Georgia's Batumi Port Down by 34%
Oil and related shipments from Georgia's Black Sea port of Batumi are down by 33.9 percent in the first eight months of 2017, a senior official at the terminal, operated by Kazakh state firm KazMunaiGas, said on Friday. The official gave no reason for the fall, but KazMunaiGas has rerouted some shipments to the Baku-Tbilisi-Ceyhan pipeline this year.
Oil Dips as Global Glut Offsets U.S. Crude Draw Forecast
Oil prices dipped on Tuesday in choppy trade as forecasts for a weekly drop in U.S. crude inventories were countered by worries of a stubborn global petroleum glut. Speculation on a potential meeting on market cooperation between the Organization of the Petroleum Exporting Countries and other…
Oil Ends July with Worst Monthly Loss in a Year
Oil prices steadied on Friday after touching three-month lows during a week-long selloff fueled by a persistent global supply glut, bringing the monthly decline to nearly 15 percent, the biggest monthly loss in a year for U.S. crude. Slower economic growth and high inventories of crude and refined oil products have driven Brent and U.S.
EU is Not Investigating Price Benchmarks for Crude Oil
The European Commission said on Monday that it was not currently investigating price benchmarks for the crude oil sector after launching a formal investigation to into possible collusion among three ethanol producers. The Commission said it had concerns that the three companies may have colluded…
Oil Rises on U.S. Rig Count
Oil prices rose on Friday, finishing higher for the week and month as well, after another decline in the U.S. oil rig count indicated domestic crude production could fall in coming months. Prices also got a boost from separate data showing U.S. oil output in August fell to third lowest figure this year.
Less Kazakh Crude, Pipeline Impacts Black Sea Liftings
Crude oil and refined oil product shipments from Georgia's Black Sea port of Batumi fell 22.7 percent in 2014 from a year earlier, a senior official at the terminal said on Monday. Bad weather in Kazakhstan, where the oil is produced, lower-than-expected output from the Kashagan oilfield at the…
Batumi Oil Liftings Down 25 pct YTD
Crude oil and refined product shipments from Georgia's Black Sea port of Batumi were down 24.6 percent in the first 10 months of the year from a year earlier, a senior official at the terminal said on Monday. Bad weather in Kazakhstan, where the oil is produced, and lower-than-expected output…
