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
President Donald Trump said on Tuesday the United States is considering a request from Poland for a permanent U.S. military presence in the fellow NATO country, acknowledging that he shares Poland’s concerns about possible Russian aggression. Source: Reuters
The St Petersburg International Mercantile Exchange (SPIMEX) has launched crude oil trading with loadings on the peninsula of Crimea that Russia annexed from Ukraine in 2014, data published by the exchange showed on Tuesday. Source: Reuters
Saudi Arabia’s state oil firm Saudi Aramco plans to spend more than US$133.3 billion (500 billion Saudi riyals) on oil and gas drilling over the next decade, Saudi Aramco’s Senior Vice President for Upstream said at an event on Monday. Source: Oil Price
