Out of the 81.05 million barrels total crude imported by Japan in July, 79.17 million barrels – or 97.17 percent – were supplied by Arab countries
crude oil
Crude
Why UAE petrol prices are increasing in 2022
Petrol prices are unlikely to come down significantly more until other oil producers are able to increase supplies
Annual Statistical Bulletin 2022
Global crude oil production increased marginally in 2021 despite the pandemic hitting major economies
The non-OECD region, particularly the Middle East, China, as well as Africa and India recorded refining capacity additions last year
acquisitions
IHC subsidiary Al Seer Marine acquires two new oil tankers for $109 million
The acquisition is part of the company’s expansion plans, with short-term targets to acquire 10 to 15 ships this year in crude and product tankers, gas tankers, and dry bulk shipping sectors
Colombo
Sri Lanka’s Rajapaksa seeks help from UAE, Qatar, Saudi Arabia and Oman over nation’s crisis
Vowing to stay in office and complete his term, Rajapaksa hopes Gulf nations can support Sri Lanka with long-term oil supply
crude oil
Saudi Arabia reports $15.3 billion in budget surplus during first quarter of 2022 as oil income surges
Saudi Arabia’s total government revenue rose to $74 billion in the first three months of 2022, while capital expenditures dipped 1 percent with the kingdom relying on its sovereign wealth fund for domestic investments and projects
Aramco Trading
Saudi Aramco expands downstream presence in Asia in collaboration with Thailand’s PTT
The MoU aims to boost cooperation across a wide range of activities, including sourcing crude oil; marketing refining and petrochemical products and LNG; and exploring blue and green hydrogen
crude oil
How the UAE’s crude oil remains crucial to Japan’s energy needs
In March 2022, the UAE contributed to more than a third of Japan’s crude oil imports
crude oil
Saudi Aramco sees income surge amid higher prices and production
Aramco and its Big Oil rivals have benefited from the global economic recovery, which has helped push up crude prices by about 65 percent this year to more than $80-a-barrel
crude oil
Saudi Aramco discovers four new oil and gas fields
Discovery includes 4,452 barrels per day of Arab extra light crude oil, along with 3.2 million standard cubic feet of natural gas
crude oil
Video: The link between crude oil and natural gas
If crude oil prices remain depressed for a long time, natural gas prices will continue to rise.
Abu Dhabi
Adnoc looks to strengthen Russian partnership
Abu Dhabi oil giant to develop ties with new global partners
crude oil
Saudi Aramco to finish pipeline expansion, reducing reliance on Hormuz
About a fifth or the world’s oil production passes through the narrow Strait of Hormuz, but its vulnerability has been brought into focus in recent months as tensions between and the US and Iran escalated
Crude
Brent crude short-selling rises to 5-month high
Another sign of waning faith in a week that saw prices drop amid a host of sluggish reports on global manufacturing
Crude exporter
Chinese crude imports from Saudi Arabia rose 43% in April
Imports of Saudi crude totalled 1.53 barrels per day, compared with 1.07 bpd a year ago
crude oil
India reports robust growth in trade with Gulf region
India’s widening gap in imports and exports in the GCC market is due to the rising import bill of crude oil from countries such as Saudi Arabia and UAE
crude oil
Saudi Aramco reveals sharp output drop at world’s largest oil field
Ghawar in Saudi Arabia, the world’s largest conventional oil field, can produce a lot less than almost anyone believed