Qatar’s onshore oil price in February marginally increased above its price in January to reach $55.11 per barrel - $10.11 above the $45-per-barrel rate previously approved in the state budget.

The oil tanker SCF Byrranga, which was renamed the United Kalavryta (also known as United Kalavrvta) in March 2014 and is currently off the coast of Texas with a cargo of Kurdish crude oil. US District Judge Gray Miller in Houston has rejected the Kurds’ claims of sovereign immunity and said the regional government’s plans to sell its crude in the US gave him authority to hear the lawsuit.