Saudi Energy Says Global Oil Cuts to Exceed 19 mmbbl/d
Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, opines that global oil cuts will amount to 19.5 million barrels per day (mmbbl/d) with the OPEC+ cuts and G20 pledges.
News / International
Oman’s Oil Production to be Cut by 200,000 bbl/d
Oman has announced that it will cut oil production by 200,000 barrels per day (bpd) following the record OPEC cuts.
Saudi Aramco Cuts Local Fuel Prices
Saudi Aramco company has announced a reduction in fuel prices in the Kingdom.
US Senators Urge Saudi Arabia to Cut Crude Production
Republican US senators had spoken with the Saudi Energy Minister, Abdulaziz bin Salman; Deputy Defense Minister Khalid bin Salman; and the Saudi ambassador to the United States, Reema bint Bandar bin Sultan to urge crude production cut.
Libya’s Oil Revenues Decline to $1.3 B in Q1
The Central Bank of Libya announced that the total Libyan oil revenue recorded $1.3 billion in the first quarter of the year (Q1).
Fuel Stockpiles Jumps to Record High at Fujairah Port
Fuel stockpiles at the Fujairah Port recorded an increase of 7% on April 9, signaling a dwindling storage space for oil products in the region after the demand decline due to the coronavirus pandemic.
Qatargas Utilizes Boil-Off Gas to Operate LNG Vessels
Qatargas Operating Company Limited (Qatargas) has succeeded in utilizing boil-off gas to operate its liquified natural gas (LNG) vessels during unloading operations at Japanese LNG terminals.
Energean Excludes Algeria’s Assets From Edison Acquisition
Energean Oil and Gas PLC and Edison E&P excluded Edison’s Algeria assets from the scope of the acquisition.
KNPC Completes Al-Ahmadi Biofuel Refinery
Kuwait National Petroleum Company (KNPC) has completed its biofuel project at Al-Ahmadi refinery after successfully launching the final two production units.
SDX Increases Morocco’s YoY Production by 24% in 2019
SDX PLC has increased its year on year (YoY) production by 24% in 2019 in Morocco.
