Adnoc Balancing Crude Prices for Asia and Local Supply

• Thursday, 7th May 2015
• by Egypt Oil & Gas

Abu Dhabi National Oil Company (Adnoc) raised the retroactive prices of crude sold to Asia in April, after robust demand pushed up spot premiums for its grades.

China Expands Coal Ban to Suburbs

• Wednesday, 6th May 2015
• by Egypt Oil & Gas

China will expand its bans on coal burning to include suburban areas as well as city centers in efforts to tackle air pollution, the top energy agency said on Tuesday.

Contaminated Crude Being Shipped from US to Asia

• Monday, 27th April 2015
• by Egypt Oil & Gas

One million barrels of oil. Enough to fill more than 60 Olympic-sized swimming pools. And there it sat in tanks outside San Francisco -- for three years -- despite crude prices that topped $100 a barrel.

Iraq Selling Crude to Asia Below Middle East Benchmark

• Monday, 9th March 2015
• by Egypt Oil & Gas

Iraq narrowed the discount for April crude deliveries to Asian buyers by the most since November 2011, joining other Middle East producers in raising official selling prices amid signs demand is improving.

Saudi Discounts Shower Asia Market

• Sunday, 8th February 2015
• by Egypt Oil & Gas

Saudi Arabia, the world’s largest crude exporter, has cut its March oil prices to Asia by 90 cents - the largest discount in at least 14 years. Experts suggest the move is part of the country’s fight for global marke ...

Iraq Increases Basrah Crude Prices to Asia, Reduces Them for U.S. and Europe

• Monday, 12th January 2015
• by Egypt Oil & Gas

Iraq, OPEC’s second-largest producer, raised the selling price for February shipments to Asia of its main Basrah Light crude by 30 cents a barrel, after Saudi Arabia boosted its pricing to the region.