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    • Oil Exports

Oil Exports Newsletter
  • OMC Shares Rise After Crude Oil Prices Drop 4% On Easing US-Iran Tensions 02 Feb 2026 06:48 GMT

    … above $66 per barrel, while the West … Refinery and Petrochemicals Ltd. jumped over 5% while Chennai Petroleum Corp. and Hindustan Petroleum … vital global oil route.  On Sunday, the OPEC+ cartel … Organization of the Petroleum Exporting Countries and its …

  • India to buy oil from Venezuela rather than Russia amid new Trump tariff threats 02 Feb 2026 07:01 GMT

    … begin purchasing oil from Venezuela to replace some of the petrol it … would stop India from buying crude from Iran, Delhi had already … top buyer of Russian oil, reaping in crude at a discount as … whopping 85% of Russia’s oil exports, according to the Center for …

  • OPEC+ to Keep Oil Output Policy Unchanged for March 02 Feb 2026 09:40 GMT

    … Oman—reaffirmed their commitment to oil market stability, based on … of the 2.2 million barrels per day announced in … for next March 1. Crude prices hit six-month highs … recent months. OPEC+ includes the Organization of the Petroleum Exporting Countries, plus …

  • China’s Cheap Oil Strategy Is Becoming a Geopolitical Liability 02 Feb 2026 08:51 GMT

    … 11.1 million barrels of crude oil per day (b … smaller refineries, known as teapots, purchase crude oil at discount … petrochemical feedstock for fertilizers, textiles, plastics, and lubricants, and fuel oil … Iran could disrupt exports of crude oil to China and …

  • Record January fuel oil exports from Kuwait's al-Zour refinery weigh on Asian market 02 Feb 2026 08:09 GMT

    … 's al-Zour refinery ramped ‍up fuel oil exports in January to all … the 615,000-barrel-per-day al-Zour refinery. HIGHER OUTPUT The … on condition of anonymity. Kuwait Petroleum Corp ⁠and its subsidiary KIPIC …

  • Venezuela marks first LPG export shipment 02 Feb 2026 10:17 GMT

    … that the country has exported liquefied petroleum gas (LPG) abroad … proven crude oil reserves, according to the Organization of the Petroleum Exporting Countries (OPEC+), … with an estimated 303.8 billion barrels, …

  • Crude oil futures fall over 4% as Trump hints at US-Iran talks 02 Feb 2026 06:58 GMT

    … 4.63 per cent. February crude oil futures were trading at ₹ … tensions in crude oil market. Meanwhile, the OPEC+ (Organization of the Petroleum Exporting Countries … that the 1.65 million barrels per day may be … of the 2.2 million barrels per day announced in …

  • Nigeria’s ex-oil minister, Diezani, alleges unfair trial in UK 02 Feb 2026 10:29 GMT

    Former Minister of Petroleum Resources, Diezani Alison-Madueke, has … President of the Organisation of Petroleum Exporting Countries (OPEC), is standing trial alongside …

  • U.S. Oil Pressure Squeezes Cuba 02 Feb 2026 07:06 GMT

    … been halted, while Mexican exports are under review after … food, medicine, electricity and fuel, and rising emigration. … focus on countries supplying crude oil to Cuba, like Venezuela … and limited quantities of refined petroleum products. Cuban officials have …

  • UAE non-oil trade tops $1tn for first time in 2025, says Sheikh Mohammed 02 Feb 2026 07:31 GMT

    … year on year. Non-oil exports during the quarter totalled Dhs234 … non-oil exports. Key non-oil exports included gold and jewellery, aluminium, cigarettes, refined petroleum … petroleum oils, jewellery, diamonds and computers. During Q4 2025, non-oil exports …

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