Friday, December 27, 2024
Saudi Arabia's June oil exports rise 123% to over $16 billion- oil and gas 360

Saudi Arabia’s June oil exports rise 123% to over $16 billion

Reuters DUBAI – The value of Saudi Arabia’s oil exports in June increased 123% to 61.5 billion riyals ($16.4 billion) from a year earlier while non-oil exports rose by around 41%, official data showed on Tuesday. Overall exports increased by nearly 92% in June compared to a year earlier when international trade was curbed by lockdowns and travel disruptions related

EXCLUSIVE Venezuela swapped PDVSA oil for food, then punished the dealmakers- oil and gas 360

EXCLUSIVE Venezuela swapped PDVSA oil for food, then punished the dealmakers

Reuters CARACAS -With U.S. sanctions spooking key oil buyers and depriving its government of cash, Venezuela last year inked a deal with a little-known local company to swap crude for food, Reuters has learned. That agreement saw state oil company PDVSA, beginning in December 2020, deliver more than 6 million barrels of crude worth nearly $260 million to a company

U.S. to auction 20MM barrels of oil from Strategic Petroleum Reserve- oil and gas 360

U.S. to auction 20MM barrels of oil from Strategic Petroleum Reserve

World Oil (Bloomberg) –The U.S. is holding its largest sale of oil from strategic reserves this year at a time when the outlook for fuel demand is darkening amid the resurgent Covid-19 virus. The Energy Department plans to auction off 20 million barrels of crude, twice as much as it offered for sale 3 1/2 months ago. The oil will