Russia Beats Out OPEC Competitors in Chinese Market – Again
Russia maintained its position as the top crude oil exporter to China for the seventh month in a row
crude oil | Egypt Oil & Gas - Part 12
Egypt Receives Last Shipment of Iraqi Crude
Egypt expected to receive its last shipment of Iraqi crude oil—under April’s import agreement with Iraq—on October 17th.
KPC Aims to Increase Crude & Natural Gas Output
Kuwait Petroleum Company (KPC) plans to raise crude oil output to 4 million barrels a day by 2020 and natural gas output to 1 billion cubic feet per day (bcf/d) by 2023.
Egypt’s Fuel Imports Reach $819M in June
The Egyptian oil and gas sector imported fuel for $819 million in June 2017, making around 30.6% Year-over-Year (Y-o-Y) increase from $627 million worth fuel in June 2016.
Libyan Production Again on the Upswing
Libya’s crude production has risen to 950,000 barrels a day (b/d)
Kuwait Raises Asian Crude Prices
Kuwait will raise the price of its crude exports to Asia by $0.35 for the month of October.
Saudi Arabia to Reduce Crude Oil Cuts to 350,000 b/d for October
Saudi Arabia will cut its exports of crude oil by 350,000 barrels per day (b/d) during the month of October.
Egypt’s Consumption, Production of Hydrocarbons Falls
Consumption of crude oil, condensates, and butane fell to 3.02 million tons in June from 3.49 million tons in June 2016, a year-on-year (y-o-y) decline of 13.5%.
Egypt Cut Fuel Import Bills by 23%
Egypt's fuel imports for the first five months of 2017 fell to $497 million from $645 million during the same period last year, a year-on-year decrease of 23%.
