Global imports of Iranian oil hit a one-year high in January and February, the International Energy Agency (IEA) said yesterday, data that industry sources say suggests a temporary deal on sanctions pressure on Tehran has helped its oil sales to
Asia's top buyers of Iranian crude have cut purchases by about 14 per cent so far this year, but imports may edge higher in coming months as growing unrest in Africa threatens to tighten global oil supplies.
Tough U.S. and EU
Libya is stepping up fuel imports, with four tankers queuing at one port as the Opec producer's second-largest refinery is running at only half its capacity due to oilfield strikes, a senior official said.
A mix of militias, t
India's imports of crude oil from Iran more than halved in June from a year ago, as refiner Essar Oil became the only remaining Indian client of the sanctions-hit country, tanker data obtained by Reuters showed.
Turkey's crude oil imports from Iran fell more than 30 per cent to 75,281 barrels per day (bpd) in October from September, as substitute oil from other suppliers including Iraq and Saudi Arabia rose more, said official trade data.
South Korean refiner Hyundai Oilbank has loaded a cargo of crude in Iran for delivery later this month, a company source said yesterday, while a cargo for refiner SK Energy arrived this week as Seoul resumes imports following a two-month gap.
Official data confirmed the near five fold jump in Turkey's Iranian crude oil imports in August, when its refiner Tupras imported more than 221,000 barrels per day (bpd), compared to the multi-year low 48,000 bpd in July.
Egypt issues second tender to import oil in Q4
Egypt's state oil firm EGPC has issued a tender to import up to 4.5 million barrels of crude oil in the fourth quarter, a document showed on Monday, as the oil importer seeks to s
Iranian Oil Minister Rostam Qasemi has warned South Korea that Tehran would reconsider ties with Seoul if the country stopped importing oil from Iran, the official IRNA news agency reported.
South Korea had last week said it woul
Turkey's crude oil imports from Iran dropped by more than 35 per cent in May from April as it steps up efforts to ensure the United States waives sanctions on its imports of Iranian oil for the remainder of this year.
Official trade data s