Saudi Aramco, Iraqi SOMO Halt Crude Supply to Indian Nayara Amid EU Sanctions

• Wednesday, 3rd September 2025
• by Doaa Ashraf

Saudi Aramco and Iraq’s State Organization for the Marketing of Oil (SOMO) have halted selling crude oil to India’s Nayara Energy, to align with the sanctions imposed by the European Union on the refinery....

UAE to Continue Oil Supply Cuts

• Sunday, 10th March 2019
• by Editorial Team

The United Arab Emirates (UAE) plans to continue crude oil supply cuts until the market becomes re-balanced again, according to Minister of Energy and Industry, Suhail al-Mazrouei, Gulf Business reported. The UAE’s su...

China’s Sinopec Signs Crude Supply Deal with Kuwait for 2019

• Thursday, 8th November 2018
• by Editorial Team

Chinese oil major Sinopec has signed a 2019 annual deal to purchase crude oil from the Kuwait Petroleum Corp (KPC) on October 8, Reuters reported. The volumes of the crude supply were not announced, but two Sinopec ex...

OPEC Cites Supply Disruptions in Market Report

• Wednesday, 15th June 2016
• by Egypt Oil & Gas

The Organization of Petroleum Exporting Countries (OPEC) released its Monthly Oil Market report in June 2016, highlighting the consecutive gains in oil prices over the last four months. The market was generally prepar...