crude oil | Egypt Oil & Gas - Part 15
UAE Boosts OPEC Production Cut in March
UAE’s production cut has boosted OPEC’s compliance with its oil-output-cutting deal to a record high of 95%.
Southern Iraq Exports 3.163mb/d of Oil in March
Iraq’s March production has been reduced by more than its share of 210,000b/d from its southern fields, while northern production has been reduced by around 30,000-40,000b/d so far in March from February.
Dubai Sets Oil Delivery Prices for June
The official price of the Dubai crude oil barrel for delivery in June will be $0.20 less than the average daily settlement price of the Oman Crude Oil Financial Contract in Dubai Mercantile Exchange (DME Oman) contra ...
Iran Plans to Boost Oil Exports to Europe
Iran says it expects to increase exports of crude oil to Europe to as high as 800,000b/d by May. The country currently supplies Europe with 500,000b/d of crude oil.
Iran Starts Pumping 15,000b/d at Azar Oilfield
Iran began pumping 15,000b/d of crude oil from Azar oilfield, which it shares with Iraq. Azar development project is aimed at production of 65,000b/d of crude oil.
Oil Inventories Increase Despite OPEC Deal
Saudi Arabia, the biggest member of the cartel, showed a surprising output jump, increasing production in February by 263,000b/d to 10mb/d.
Nigerian Vitol Sells 4m Oil Barrel, Supply Glut Eases
Vitol Group BV is offering to sell Nigerian crude oil from a storage terminal in South Africa, in what may be a signal that the global supply glut is beginning to ease.
Kuwait Oil Exports to China Reached 253,000b/d
Kuwait's crude oil exports to China in January edged down 1.8% from January 2016 to 1.07m tons, equivalent to around 253,000b/d.
