Iraq Adds 900,000 b/d Export Capacity at Basra Port
Iraq increased the export capacity of its Basra port by 900,000 barrels per day (b/d) by adding a fifth terminal.
News / International
Iran Looks to Export LNG
Iran signed a contract for the conversion of natural gas into liquefied natural gas (LNG) for export.
Crown Prince: Saudi Arabia Prepared for Production-Cut Extension
Saudi Arabia is prepared to extend the production-cut arrangement.
Fire at Iranian Refinery in Tehran Kills 6
A fire at an Iranian refinery in Tehran killed six workers and injured two more.
Iraqi Crude Exports to US Outstrip Saudi Arabia’s
Iraqi oil exports to the US moved ahead of Saudi Arabia’s by approximately 2.9 million barrels in September.
Turkey Supports Reopening of Kirkuk-Ceyhan Pipeline
Turkish President Tayyip Erdogan voiced his support for the Iraqi government’s plan to reopen the Kirkuk-Ceyhan pipeline.
Fujairah Stocks Drop to 16.8M Barrels
The supply of refined products at Fujairah, an oil terminal in the UAE, fell to 16.8 million barrels, a 6.9% decrease
Crude Exports from KRG Inch Higher to 300K b/d
Oil exports from the Kurdish Regional Government (KRG) rose to 300,000 barrels per day (b/d) on Tuesday.
Russian Minister: To Soon to Decide on Production-Cut Extension
The Russian Energy Minister, Alexander Novak, said it was too early to make a decision on extending production cuts past next March.
OPEC Developing Post Production-Cuts Strategy
Even as OPEC appears to be on course to re-extend its production-cut agreement with other oil producers, the group has begun preparing for the eventual wind-down of the agreement.
