A highly placed Gibraltarian government source denied on Tuesday an Iranian news agency report which said the Iranian oil tanker Grace 1 would be leaving the British overseas territory on Tuesday.
Azeri BTC crude oil exports from Turkey's Ceyhan port are set at 17.4 million barrels in March compared to 16.8 million barrels in February's plan, according to the schedule seen by Reuters on Monday.
Brent crude prices are approaching $60 a barrel, a one-year high, driven in large part by OPEC+ cuts that are set to keep the oil market in deficit this year.
By Reuters Staff
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FILE PHOTO: People sit on a boat driving through Balikpapan bay in East Kalimantan province, Indonesia, August 28, 2019. Picture taken August 28, 2019. REUTERS/Willy Kurniawan
Jakarta (Reuters) - Indonesia said on Sunday its coast guard had seized the Iranian-flagged MT Horse and the Panamanian-flagged MT Freya vessels over suspected illegal fuel transfers off the country’s waters.
A statement from coast guard spokesman Wisnu Pramandita said the tankers, seized in waters off Kalimantan province, will be escorted to Batam island in Riau Island Province for further investigation.
“The tankers, first detected at 5:30 a.m. local time (2130 GMT on Jan. 23) concealed their identity by not showing their national flags, turning of automatic identification systems and did not respond to a radio call,” the statement said.
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Jan 26 (Reuters) - Venezuelan state oil company PDVSA’s inventories of its main export crude grade dipped this week to their lowest levels since late November, internal company documents seen by Reuters showed.
Merey 16 stocks at the country’s main oil terminal, the Jose port, fell to 4.85 million barrels as of Jan. 25, down from 9 million barrels on Dec. 21. The drop came as exports by Petroleos de Venezuela (PDVSA) and its joint ventures rise despite U.S. sanctions on the company, as little-known firms have replaced traditional buyers.
High inventories at Jose have consistently been a constraint on PDVSA’s crude output since the sanctions were imposed in January 2019, often forcing the company to shut blending and upgrading activities at plants near the terminal as well as crude extraction further upstream.