Iranian Oil Minister Bijan Zanganeh announced that Ukraine has put in a request to purchase Iran’s crude oil. Zanganeh added “the Ukrainian side insists on becoming a transit hub for transferring Iranian oil and gas to Eastern Europe”. Source: Hellenic Shipping News
European shares opened deep in the red on Monday, adding to the worst weekly fall of the year last week after disappointing economic data in Europe and the United States stoked fears of recession. Source: Reuters
China’s oil giants aim to spend the most in five years in pursuit of higher energy output. But unlike global rivals investing in top-tier assets, the state-owned producers are trying to boost supply from fields that are either old and high-cost or new and challenging. Source: Bloomberg
Iran’s oil exports so far in March are down from January and February to average around 1 million bpd-1.1 million bpd ahead of the US decision to extend or deny new waivers, Reuters reported Thursday. Source: RT
