Tribes Clash Close to Basra’s Oil Fields
Tribal clashes in Iraq’s oil-rich Basra region are beginning to impact oil operations.
News / International
Saudi Arabia to Up Crude Exports to Asia in October
With refining operations disrupted in the US, Saudi Arabia will increase exports to Asian markets in October.
Iranian Crude Exports to China, Europe Rise
Iranian exports of crude and condensates rose in August to 2.42 million barrels per day (b/d) from 2.37 million b/d in July, a 2.1% increase
Saudi Arabia, UAE Signal Willingness to Extend Production Cuts
The oil ministers of Saudi Arabia and the UAE indicated that their countries were willing to consider an extension of the production-cut agreement between OPEC and major, non-OPEC oil producers.
Militants Close Pipeline in W Libya, Costing NOC $217M
Militants closed the Mellita complex pipeline for 30 hours last week.
Kuwait Raises Asian Crude Prices
Kuwait will raise the price of its crude exports to Asia by $0.35 for the month of October.
Algeria to Increase Gas Exports to Offset Low Crude Revenues
In order to offset low oil prices, Algeria is looking to increase natural gas exports.
ADNOC Ponders 10% Listing of Fuel Retail Business
Abu Dhabi National Oil Company (ADNOC) is considering a public listing of more than 10% of ADNOC Distribution.
Oil Minister: Iraq is in Compliance with Production-Cut Agreement
Iraq’s crude oil production fell to 4.32 million barrels per day (b/d) in August.
Production at Libyan Oil Fields Resumes
After a prolonged disruption, production at the Libyan oil fields of Sharara, El Feel, and Hamada has resumed.
