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UPPER ZAKUM
Three crude oil tankers exit Strait of Hormuz with trackers switched off, data showsCrude oil tankers are taking precautions to avoid Iranian attacks. Vessels are switching off trackers when exiting the Strait of Hormuz. Th...- Indian Oil buys six million barrels crude from West Africa & Mideast, traders sayIndian Oil Corporation has secured six million barrels of crude oil from West Africa and the Middle East. This move signals India's departu...
- Indian Oil buys Angola, Brazil, UAE oil to replace Russian crude, sources sayIndian Oil Corp has secured 7 million barrels of oil for March loading, diversifying away from Russian supplies. The refiner is boosting im...
- Oil gets lift from India, China buying as global glut loomsDespite global oil market concerns about a glut, China and India's increased buying, driven by US sanctions on Russian energy, has supporte...
- Mukesh Ambani's Reliance trying to re-sell Middle Eastern crude in rare moveWhy Reliance Industries Selling Middle Eastern Oil Cargoes: Reliance Industries, a major Indian refiner, is now selling Middle Eastern oil ...
- BPCL buys Upper Zakum crude for December to replace Russian oil, sources sayBharat Petroleum Corporation has secured two million barrels of crude oil from Abu Dhabi. This purchase aims to replace oil previously sour...
- Indian refiners shift crude strategy amid fears of Russian oil supply shocksIndian and Chinese refiners are increasing purchases of crude from the Middle East and the Atlantic Basin due to reduced availability and h...
- Oil at $100? Will oil prices hit a century this summer as a global shortage takes hold?Oil prices surged above $90 a barrel due to military tensions between Israel and Iran, compounded by global supply shocks. Mexico cutting c...
- UAE's ADNOC to cut 5% of Dec crude volumes to term-buyers in Asia - sourcesThe cut comes as the Organization of the Petroleum Exporting Countries and their allies, a group known as OPEC+, started to trim output by ...
- IOC buys 4 million barrels of Mideast, West African crude for February loading - sourcesThe refiner purchased 2 million barrels of Upper Zakum crude, 1 million barrels each of Basra Heavy and Nemba crude, they said.
- Reliance eyes first oil cargo from UAE trade arm in December: ReportBillionaire Mukesh Ambani-backed Reliance group in October announced plans to set up Reliance International Ltd (RINL) to trade in crude oi...
- India to sell half of Mangaluru strategic oil reserves by December"We have started selling to oil marketing companies. This will help to create space that we will then offer for leasing," Indian Strategic ...
- India MRPL seeks to replace ADNOC oil with Saudi grade in Mangalore strategic petroleum reserveIndia, the world's third-biggest oil importer and consumer, has built strategic storage at three locations in southern India to store up to...
- Saudi to supply full crude volumes to at least 4 Asia buyers in June: SourcesThe OPEC kingpin started easing supply cuts to buyers in May as OPEC, Russia and their allies, a group known as OPEC+, stuck to plans for a...
- UAE's ADNOC deepens supply cuts to Asia in June in 'fragile' marketThe cuts are part of the United Arab Emirates' (UAE) obligation under a pact between the Organization of the Petroleum Exporting Countries ...
- UAE's ADNOC maintains crude supply reductions to Asia in FebruaryThe producer has been reducing term supplies as part of the United Arab Emirates' commitment to lower production in a pact between the Orga...
- Sweet Spot: India's top refiner IOC buys most crude since COVID-19 outbreak, say sourcesIOC's chairman said this month that the refinery has been operating at 100% capacity since early November as local fuel demand has recovere...
- Middle East Crude-ADNOC cuts Oct term supply; Aramco may cut Oct OSPsTop oil exporter Saudi Arabia is expected to cut its crude oil official selling prices (OSPs) for Asian buyers for a second straight month,...
- Saudi Aramco cuts June crude allocation to some Asian buyers: SourcesThe cuts were made against volumes that the buyers had nominated for June-loading supplies.
- IOC gets 1st shipload of oil from UAE to fill strategic reservesWhile the 5.33 million tonne of emergency storage -- enough to meet its oil needs for 9.5 days -- was built in underground rock caverns in ...
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