crude exports | Egypt Oil & Gas

Canada to Increase Oil Exports to US

Canada’s oil exports to the US are about to increase as pipeline capacity expansions increase by at least 420,000 barrels of oil per day (bbl/d) and production of heavy crude in the oil sands improves.

Iraq to Increase Southern Ports’ Crude Exports

Karim Hattab, Iraq’s Deputy Oil Minister for Distribution Affairs stated that the country will work on increasing crude oil export capacity from its southern ports.

Iraq Revises Price Mechanism for 2021 Shipments

Iraq’s Oil Marketing Company (SOMO) has introduced a new look pricing mechanism used to compensate buyers for fluctuations in the density of its crude exports, which will commence with shipments in 2021.

Saudi Crude Exports Rise MoM

Saudi Arabia’s crude exports and total products have risen over two consecutive months from its historical low in June by 1.49 million barrels per day (mmbbl/d) to 6.99 mmbbl/d in August.

Saudi Arabia Crude Oil Exports Falls to 7.2 mmbbl in February

Saudi Arabia’s crude oil exports in February slipped to 7.2 million barrels per day (mmbbl) from 7.29 mmbbl in January.

Saudi Arabia to Increase China’s Oil Exports

The Kingdom's crude exports to China is expected to increase, reaching 1.5 million b/d during Q1 2019, up from one million b/d at the same period a year before.

Egypt’s Trade Deficit Falls 10.1% YOY: CAPMAS

Egypt's trade deficit decreased by 10.1% year-on-year (YOY) in September 2018 to reach $3 billion, compared to $3.35 billion in September 2017.

Oman Production Reaches 30M barrels in August

Oman produced 30.21 million barrels of crude oil and condensate in August, averaging 974,500 barrels per day (b/d).

Iran Becomes India’s Second Highest Oil Supplier

Iran overtook Saudi Arabia to become the second biggest oil supplier to Indian state refineries between April and June 2018.

Saudi Crude Exports to Drop by 100,000 b/d in August

Saudi Arabian crude exports are expected to drop by roughly 100,000 barrels per day (b/d) in August as the country refrains from oversuppling the market, the kingdom's OPEC governor stated on July 19.

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