EghtesadOnline: Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China’s crude imports hit an all-time high in May.
EghtesadOnline: China's crude oil imports from Iran rose 4.7% month on month to 926,119 bpd in July, while the US ranked as the eighth largest crude supplier as shipments surged to a 13-month high of 362,364 bpd, data made available Tuesday by China's General Administration of Customs showed.
EghtesadOnline: Months after the US energy industry triumphed in overturning an oil export ban, a group of independent producers wants to take policy one step further and curtail crude imports.
EghtesadOnline: South Korea’s crude imports from Iran jumped nearly 115% in June from a year earlier as cheaper prices for Iranian condensate prompted Asia’s major ultra-light oil buyer to boost purchases of the oil products last month.