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.
crude oil | Egypt Oil & Gas - Part 11
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.
Saudi Aramco to Supply Egypt with Crude for 6 Month
Saudi Aramco agreed with Egypt to supply crude oil for six month for the Egyptian refiners, starting January 2018.
Egypt to Increase Oil Output by 1.5%
The Egyptian Ministry of Petroleum and Mineral Resources plans to increase crude oil production by around 1.5% to meet its production target.
Egypt to Receive 12 M barrels of Iraqi Crude in 2018
Egypt will receive 12 million barrels of Iraqi crude oil throughout 2018, starting this January.
Aramco Signs Chemical Technology Agreement
Saudi Aramco has signed an agreement with two US companies to use their technologies in order to turn crude oil to chemicals, which will help the kingdom boost its petrochemical business.
Iran’s Oil Exports to India Reach 550,000 b/d
Iran's oil exports to India reached 550,000 b/d in December 2017, corresponding to a 78% increase from November 2017 and the highest volume since last March.
Kuwait Increases Oil Prices by 0.44%
Kuwait increased crude oil prices by 0.44% to be $63.78 per barrel, compared to $63.5 per barrel on December 29th, 2017.
Petroleum Exports Rise to $1.8B in Q1
The value of petroleum exports rose 20% to reach $1.8 billion in the first quarter of fiscal year (FY) 2017/2018.
Iran Offers Deeper Discounts to Retain Market Position
In a bid to retain its market position, Iran is lowering its crude oil prices vis-à-vis Saudi Arabia
