Oil production in Brazil boosted by growth of international oil companies, says GlobalData

The Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (ANP), Brazil’s national agency for petroleum, plans to increase the diversity of upstream oil and gas operators present in Brazil as a result of three licensing rounds organized in fall 2019, continuing a strategy that is expected to...

https://www.hellenicshippingnews.com/oil-production-in-brazil-boosted-by-growth-of-international-oil-companies-says-globaldata/

Saudi Oil Shock Unites China With Asia Rivals Worried About War

If anything could distract Asia’s top powers from sparring over disputed territory and crimes committed during World War II, it’s the need for cheap oil. Asia accounts for more than 70 percent of Saudi Arabia’s crude exports, with the four biggest economies — China, Japan, India and South Korea —...

https://www.hellenicshippingnews.com/saudi-oil-shock-unites-china-with-asia-rivals-worried-about-war/

Saudi Arabia draws down oil stocks to maintain supply after attack: Kemp

Saudi Arabia will try to maintain oil supplies to its major customers by drawing down crude stored at tank farms in the kingdom and in its global network while repairing and replacing installations damaged in the recent attacks. Saudi Arabia reported domestic crude stocks of 180 million barrels at...

https://www.hellenicshippingnews.com/saudi-arabia-draws-down-oil-stocks-to-maintain-supply-after-attack-kemp/

Oil prices edge up after turbulent week as Saudi Arabia reassures on output

Oil prices edged higher in Asian trade on Thursday after days of turbulence, with markets soothed by Saudi Arabia’s pledge to restore full production by end-September at facilities knocked out in drone and missile attacks last weekend. Brent crude futures rose 24 cents to $63.84 a barrel by 0634...

https://www.hellenicshippingnews.com/oil-prices-edge-up-after-turbulent-week-as-saudi-arabia-reassures-on-output/

Saudi attacks to have ‘short-term’ impact, affect oil prices – Iran oil minister

Iran’s oil minister said on Wednesday attacks on Saudi oil installations at the weekend will have a “short-term” impact, but they will affect crude prices, the semi-official news agency ISNA reported. “The effects of this event will be short-term, but it will affect the price of oil in all...

https://www.hellenicshippingnews.com/saudi-attacks-to-have-short-term-impact-affect-oil-prices-iran-oil-minister/