CME to Sell WTI-Dubai Futures
CME Group plans to begin selling WTI-Dubai future contracts as early as next month.
News / International
Waha Oil Company Producing 260K b/d
Waha Oil Company, a subsidiary of the National Oil Corporation (NOC), has increased production by over 100,000 barrels per day (b/d) since this summer.
ADNOC Looks to New Business Model, Oil Trading
The Abu Dhabi National Oil Company (ADNOC) plans to enter the oil trading business.
Saudi Aramco Closes Jeddah Refinery
Saudi Aramco has closed its refinery in Jeddah
Iranian Minister: OPEC Leaning toward Extension
Most OPEC members favor an extension of the production-cut agreement.
SOMO Awards Diesel-Import Contracts
The Iraqi oil-marketing firm, SOMO, awarded contracts for diesel importation to ZhenHua Oil, BB Energy, Litasco, and Lima.
ADNOC Announces Partial IPO of Retail Division
Abu Dhabi National Oil Company (ADNOC) officially announced the partial initial public offering (IPO) of its retail division.
Eni Wins EPSA for Omani Block 52
Oman awarded an exploration and production (E&P) contract to Eni.
Bahrain Indicates Support of Production-Cut Extension
Joining a growing list of counties expressing support for an extension of production cuts, the Bahraini Oil Minister, Sheikh Mohammed bin Khalifa El Khalifa, indicated that Bahrain had no reason to oppose an extension of the production-cut agreement
Duqm Refinery JV Seeks $6B in Financing
Duqm Refinery and Petrochemicals Industries Company is pursuing a $6 billion loan for its refinery project.
