Protests Cause Production Drop of 40,000 b/d in Libya
Protests have cut production by 40,000 barrels per day (b/d) from oilfields operated by Wintershall in Libya.
News / International
Russia, Iran Sign Energy Agreements Worth $30B
During a state visit by Russian President Vladimir Putin to Iran, the two countries announced preliminary energy agreements worth $30 billion.
Saudi Aramco, SABIC Explore Options for Petrochemical Production
Saudi Aramco and Saudi Basic Industries Corporation (SABIC) are conducting a feasibility study for a facility to convert crude oil directly into petrochemicals
Refiners Expect Saudi Arabia to Raise Asian Prices
Saudi Arabia is set to raise December crude oil prices for Asian buyers.
Oman to Award 4 Blocks in 2Q 2018
Oman is expected to announce the results of its tender for four oil and gas blocks next year.
Algeria Looks to Begin Production at Reggane
Sonatrach plans to bring online a $1 billion natural gas project at the Reggane natural gas field this year.
Iranian Exports to Asia Hit 6 Month High
Iranian exports to China, South Korea, India, and Japan climbed 20% in September, compared to August, to reach 1.9 million barrels per day (b/d).
OPEC Production Slips 80K b/d in October
Production disruptions in Iraq contributed to an overall decline in OPEC oil output during the month of October.
Iraq Asks for “Clarifications” on Rosneft-KRG Deals
Iraq wants “clarifications” from the Russian oil giant, Rosneft, on the oil and gas contracts it has signed with the Kurdistan Regional Government (KRG).
Some ME Oil Exporters Could Run Budget Surpluses
With rising oil prices, Iran, Iraq, Kuwait, and Qatar could run budget surpluses next year if prices remain stable.
