Kuwait Increases Oil Prices by 0.44%
Kuwait increased crude oil prices by 0.44% to be $63.78 per barrel, compared to $63.5 per barrel on December 29th, 2017.
News / International
Fire Extinguished at Iran’s Rag-e-Sefid
After nearly two months, firefighters extinguished a fire at the Rag-e-Sefid oilfield in Iran.
Zhenhua Oil to Develop East Baghdad Oilfield
Zhenhua Oil will develop the southern part of the East Baghdad oilfield.
Exxon Mobil, Iraq Negotiating Production Project
Exxon Mobil and Iraq are still negotiating a proposed project to enhance production from some of Iraq’s southern oilfields.
China to Become World’s Second Largest LNG Importer
China is set to become the second biggest importer of liquefied natural gas (LNG) by volume this year.
Iraqi Oil Minister Expects Tighter Oil Markets
The Iraqi Oil Minister, Jabar El Luaibi, expressed confidence that oil markets will tighten next year.
Es Sider Pipeline Could Be Repaired in Week
It will take a week to repair the Es Sider pipeline.
Iranian Exports to Asian Customers Fall in November
Iranian exports to its major Asian customers were down 29% year-on-year in November.
Saudi Fiscal Plan Projects Higher Oil Revenues
In a six-year plan to balance the government’s budget, Saudi Arabia predicts that oil prices will rise to $75 per barrel by 2023.
Russia, Saudi Arabia, Iraq Top Crude Suppliers to China in November
Russia, Saudi Arabia, and Iraq were the top crude suppliers for China’s domestic market in November.
