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OPEC+ oil output rose in August

An S&P Global Platts survey released Wednesday shows that oil output from the Organization of the Petroleum Exporting Countries and its allies (OPEC+) rose by 1.71 million barrels a day to 34.63 million barrels a day in August from a month earlier.

China’s crude oil imports in August climbed 13%

August’s crude oil imports in China jumped 13% from a year earlier, supported by hefty orders placed earlier this year when global oil prices collapsed and as cargoes previously delayed by congestion at arrival ports finally cleared customs.

China ramps up US oil purchases

In the lead-up to a highly-anticipated review of the trade deal between the two economic powerhouses, the world’s biggest oil importer, China, has ramped up purchases of American crude.

Iran’s oil exports higher than US figures suggest

Data from TankerTrackers.com has revealed that Iran is exporting a lot more crude oil than U.S. figures suggest. NBC News reports that, according to the data, Iran is exporting as much as 600,000 barrels daily, using ship-to-ship transfers with transponders turned off to avoid detection, skirting U.S. sanctions.

Brazil boosts oil exports to Asia as rivals make record cuts

Brazil increased crude exports to Asia in the first half of the year, stealing a slice of a coveted developing market from global rivals who made record cuts to shipments to match the unprecedented fall in demand caused by the coronavirus pandemic.

Denmark permits Nord Stream 2 to restart pipeline work

Denmark on Monday gave Nord Stream 2 permission to use pipe-laying vessels with anchors to complete the final stretch of the gas pipeline in Danish waters, removing a key obstacle for the much-delayed project designed to bring more Russian natural gas to Europe.
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