News / International
Saudi Arabia Drops Oil Prices for Asian Markets
Saudi Arabia reduces its Arab Light grade price for September-loading cargo to Asian markets by $1.30 a barrel, as Russia and Iraq gain momentum in the race to dominate oil exports to the Asian continent.
Oil Traders, Libya’s NOC Uncertain over Crude Export
Oil traders who specialize in purchasing cargoes from Mediterranean ports have low confidence in the imminent resumption of shipments from two key Libyan terminals, even after a deal was struck in July to reopen the facilities.
Nigeria’s Oil Production Drops
Nigerian oil production has dropped to 1.4mb/d due to attacks by armed militant groups, the Nigerian Oil Minister, Ibe Kachikwu, declared.
Kuwait Plans to Raise Gasoline Prices
Kuwait plans to raise the prices of gasoline to 73% by September in light of the oil price decline affecting the energy-rich Gulf state’s finances.
Iran Plans to Boost Gas Export to 200mcm/d
Iran plans to raise its gas exports to 200mcm/d through pipelines to nearby countries. In addition, the achievement of liquefied natural gas (LNG) projects are also prioritized.
Iran Records 60% Rise in Oil Export Volume
Iran records a 60% increase in oil export volumes by foreign supertankers docking at the country's southern Kharg oil terminal, in the Bushehr province, in the first four months of the Iranian calendar year, starting on March 20th, compared to the same period of 2015.
ISIS Attacks Northern Iraqi Energy Plants
Islamic State militants launched an assault on two energy facilities in Northern Iraq bringing a major oil pumping station to halt.
Nigerian Militants Blast Shell Oil Pipeline
Nigerian militants blew up a crude pipeline operated by Anglo-Dutch oil giant Shell in the south region of Odimodi community, in the Delta state.
