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Tag: crude

China ramps up fuel oil imports blended from Russian crude – media

Sanctions on petroleum products are pushing supplies away from Europe and towards Asia Independent Chinese refineries are boosting purchases of discounted fuel oil blended from Russian barrels, Reuters reported on Friday, citing latest data and trade sources. Sanctions imposed by the EU and the Group of Seven on Russian crude, including the looming embargo and price cap on refined products that comes into force on February…

US may become net exporter of crude oil – Reuters

The nation’s exports could exceed its imports next year for the first time since World War II, according to the outlet Sales of US crude oil to other nations have reached a record 3.4 million barrels per day (bpd), with the country expected to become a net exporter of crude oil in 2023, Reuters reported on Monday. Exports of refined products, such as gasoline and…

Nigerian military Intensifies operation against crude oil thieves

The Nigerian armed security forces said it has stepped up its operations against all forms of threats in the country’s maritime environment and has intensified its fight against crude oil thieves, pipeline vandals and other criminals operating in the oil rich Niger Delta. Nigeria has lost more than $3bn in one year – with more losses projected in 2022. The plunder of Nigeria’s oil has…

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