China Issues Second Batch Fuel Export Quotas
China has issued 28 million tonnes of refined fuel export quotas in the second allotment for this year, little changed from the first batch of 27.99 million tonnes issued last December, according to four sources with knowledge of the matter.The quotas were released last week to five state oil companies…
China Issues More Crude Oil Import Quotas
China has lifted its crude oil import quotas to allow mostly private refiners to bring in a further 12.9 million tonnes this year, a document seen by Reuters showed on Tuesday, feeding a new generation of huge refineries.The third batch of quotas was allocated to 19 companies…
India's Oil Imports at 3-year Low
India's oil imports fell to their lowest in more than three years in September to 3.82 million barrels per day (bpd), data obtained from industry and shipping sources showed, as some refiners cut purchases due to shutdowns for maintenance and fuel upgrades.Last month…
China Private Refiner Buys Its first Kuwaiti Crude Oil Cargo
Shandong Dongming Petrochemical Group, China's largest private refiner, has bought a 1.9-million barrel cargo of Kuwaiti crude oil for end-July loading, the first of its kind since the plant started importing the commodity in 2015, company officials said on Monday.The cargo was of Kuwait Export Blend…
Essar Oil Settles $2.5 bln Iran Oil Sues, Still Owes
Essar Oil has settled about 2 billion euros ($2.5 billion) in dues to Iran to cover previous oil purchases and still owes the country about $616 million, Chief Executive B. Anand said on Thursday. The outstanding payments stem from delays in paying for Iranian…
Crude Output Freeze Unlikely as Iran Gains Market Share
It's not hard to see why Saudi Arabia is reluctant to take the relatively modest step of freezing crude output unless Iran also joins the producer initiative to support oil prices. The Saudis will be looking at the success the Iranians are having in winning back market share in key Asian markets…
India's March Iran Imports top 500,000 bpd
March oil imports from Iran up 135 pct from Feb shipments. India's Iran oil imports topped 500,000 barrels per day (bpd) in March, highest in at least five years, as private refiner Reliance Industries resumed purchases after a multi-year lay-off, preliminary tanker data obtained by Reuters shows.
Reliance to Lift Iran Oil after 5-yr Hiatus
India's Reliance Industries Ltd, owner of the world's biggest refining complex, is preparing to lift oil from Iran next month after a gap of about five years, said an industry source with knowledge of talks between the two. The Indian conglomerate, controlled by billionaire Mukesh Ambani…
Iran Mulls Refinery Investments Abroad
Iran has started negotiations to buy shares in oil refineries in Europe, Latin America and Asia, the deputy oil minister was quoted as saying by Mehr news agency on Tuesday. "Buying the oil refineries or their shares abroad is the policy of Iran after the lifting of sanctions…
