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Iraq

Sanctions spur surge in Russian oil languishing at sea

The amount of oil stranded on tankers worldwide has ballooned in recent months, with Russian barrels making up an outsized share of the floating...

Lukoil declares force majeure in Iraq over US Sanctions

Lukoil declared force majeure at its Iraqi oil field, sources told Reuters on Monday, and Bulgaria was poised to seize its Burgas refinery, as...

Almost a third of Russian seaborne oil export potential stuck in tankers, JPMorgan says

Around 1.4 million barrels per day of Russian oil, or almost a third of the country’s seaborne exporting potential, remain in tankers as unloading...

Japan’s Inpex beats expectations, lifts annual profit forecast

Japan’s biggest oil and gas explorer Inpex raised its forecast for annual net profit by five per cent on Thursday, as lower-than-expected costs offset...

JPMorgan says vast volume of Russian oil is stuck in tankers

Around 1.4 million barrels per day of Russian oil, or almost a third of the country’s seaborne exporting potential, remain in tankers as unloading...

Almost a Third of Russian Seaborne Oil Export Potential is Stuck in Tankers

Around 1.4 million barrels per day of Russian oil, or almost a third of the country’s seaborne exporting potential, remain in tankers as unloading...

The Commodities Feed: Oil surplus expectations grow

Oil prices dropped sharply yesterday as the Organisation of the Petroleum Exporting Countries (OPEC) estimated that global crude supplies could continue to exceed demand....

Fuel oil stockpiles swell to nine-week high in Singapore hub

Onshore fuel oil stockpiles in major oil storage hub Singapore rose six per cent from the previous week to a nine-week high in the...

Bidders Circle Lukoil’s Overseas Assets as Sanctions Loom

From Egypt to Kazakhstan, the foreign assets of Russian oil major Lukoil LKOH.MM are attracting potential bidders as time runs out to clear deals...

Dana Gas signs MoU to evaluate redevelopment of Syrian gas fields

Dana Gas has signed a memorandum of understanding (MoU) with the Syrian Petroleum Company (SPC) to assess the redevelopment and expansion of Syrian gas...
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