crude | Egypt Oil & Gas
Saudi to Export Full June Volumes of Crude to Asian Refiners
Kingdom of Saudi Arabia intends to supply full volumes of crude oil to most Asian refineries in June, in a step followed the OPEC members decision to ease supply cuts to buyers in May Reuters reported, citing people ...
EGAC Grants NPC ISO/IEC 17025:2017
The Egyptian Accreditation Council (EGAC) has accredited Nasr Petroleum Company’s (NPC) General Administration for Chemical Research Labs with International Organization for Standardization (ISO) and the International... Saudi Arabia Cuts Oil Output after OPEC Low Demand Forecast
Saudi Arabia was forced to cut oil production by more than 200,000 barrels per day (b/d) last month after OPEC’s forecasted demand figures were lower than expected, raising concerns about oversupply, The Telegraph rep...
Japan Imported 16.45 M Barrels of UAE Crude in June
Japan’s crude imports from the UAE for June stood at 16.456 million barrels, 22.9% of the country’s total crude imports, TradeArabia reported. According to data released by the Agency of Energy and Natural resources i...
WTI Reaches $75 for First Time Since 2014
West Texas Intermediate (WTI) crude reached $75 a barrel on July 3, but quickly dropped to settle at just 0.3% higher, after the American Petroleum Institute (API) announced that US crude inventories fell by 4.51 mill...
Egypt Receives Third Cargo of Iraqi Crude in 2018
Egypt has received 2 million barrels of Iraqi crude, the third shipment of 2018, Iraqi commercial attaché to Egypt Hider Nori Gabr has said, according to Al Mal. The cargo is part of an agreement originally signed in ...
Aramco Raises Price of Crude Exports to Asia
Saudi Aramco has increased the price of crude exports to Asian buyers to their highest levels since 2014 amid rising demand for Saudi oil, Bloomberg reported. Aramco raised its price for July shipments of Arab Light c...
Iraqi Oil Exports See Slight Rise in March
Iraq exported 3.453 million barrels per day (mb/d) of crude oil from its southern ports in March, a slight increase from the numbers for February, which marked the third month in a downward trend, Reuters reported. Ex...
