TOKYO: Inpex Corp, Japan's top oil explorer, is likely to withdraw from Iran's Azadegan oil field project, acceding to a request from the United States due to Washington's sanctions on Tehran over its nuclear program, Japanese media said.
Inpex (...)
TOKYO: State-run Japan Oil, Gas and Metals National Corp (JOGMEC) bought Saudi Arab Extra Light crude for Japan's national reserves from Showa Shell Sekiyu via a tender, industry sources said on Wednesday.
JOGMEC, which had sought 1.25 million (...)
TOKYO: Qatar has raised its August retroactive official selling price (OSP) for Qatar Marine crude to $72.90 a barrel, up $1.65 from July, Qatar News Agency said on Monday.
The August price was set at a discount of $1.19 to the average price for (...)
TOKYO: The Middle East crude market expects to be weighed down this week by weakness in light grades despite strong gas oil cracks, but distillate-rich grades in the Asia-Pacific market are seen getting support amid the maintenance of Russia's Sokol (...)
TOKYO: Saudi Arabia, the world's top crude exporter, will supply full contracted volumes of crude oil in July to at least seven Asian term buyers, steady with June levels, industry sources said on Thursday.
Traders in the region had expected full (...)
TOKYO: Oil rose above $36 on Friday, after the UAE joined Saudi Arabia in deepening supply curbs to comply with OPEC s biggest-ever crude output cut last week.
Abu Dhabi National Oil Co (ADNOC), the main producer in the United Arab Emirates, the (...)