Iraq Raises Oil Selling Price for Asia-Bound Crude
Iraq's State Oil Marketing Organization (SOMO) has raised its oil selling price for July exports of Basra Light and Basra Heavy crude grades to Asia.
crude oil | Egypt Oil & Gas - Part 10
Egyptian Petroleum Products Consumption Falls 16% YoY
Egypt’s consumption of petroleum products fell by 15.97% year-on-year (YoY) to reach 2.815 million tons in March 2018, compared to 3.35 million tons in March 2018.
Egyptian Petroleum Exports Value Rises by 5.7%
The value of Egyptian petroleum exports increased by 5.7% to reach $407 million during January and February 2018, up from $385 million in the first two months of 2017.
Egyptian Consumption of Petroleum Products Drops 14.45% Y.o.Y
Egypt’s consumption of petroleum products fell by 14.45% year-on-year (Y.o.Y) to reach 2.682 million tons in February 2018, compared to 3.135 million tons in February 2018.
Egypt’s Daily Crude Oil Production Increases by 4.3%
Egypt's daily crude oil production has increased by 4.3% so far in 2018, compared to 2017, said head of the Egyptian General Petroleum Corporation (EGPC) Abed Ezz El Regal.
South Korean Imports from Iran Fall in March
South Korean imports of Iranian crude oil dropped by 39.3% year-on-year (Y.o.Y) in March 2018, the county’s customs data showed.
Egyptian Fuel Exports Fall 0.2% Y.o.Y
The value of Egyptian fuel exports fell 0.2% year-on-year (Y.o.Y) to January 2018.
Egypt Crude Production Reaches 660,000 b/d
Egypt is currently producing around 660,000 barrels per day (b/d) of crude oil.
Iran not to Increase Crude Output in Coming FY
Iran has no plans to increase its annual crude oil output in the next fiscal year (FY) starting March 21.
Saudi Crude Exports to Remain Below 7 mb/d
The Saudi Arabian Ministry of Energy has announced that crude exports will remain below 7 million barrels per day (mb/d) and crude production will stay under 10 mb/d during April 2018.
