crude | Egypt Oil & Gas - Part 5

Iraq’s Planned Export Push Depends on Basra Crude

According to Reuters Iraq is aiming to export a record volume of Basra crude from its southern terminals in October during the current price war being fought between Saudi Arabia, Kuwait, and Iran.

Investment Banking Giant Goldman Sach’s Says Oil Could Drop to $20

The investment bank Goldman Sach’s recently released a report saying that oil prices could drop to $20/barrel, at least in the short term, USAToday

Iran to Boost Production Beyond Expectations, Welcomes American High-Tech Investments

In exclusive statements made to CNN Iran's Oil Minister Bijan Zanganeh boasted that Iran would push its production by close to 1.5 million barrels by the end of 2016

South Africa to Transfer Critical Technology and Mediate Investors, if Iran Sanctions Lifted

According to Tansim News Agency, South Africa has formally announced its readiness to resume crude imports from Iran, once sanctions were fully lifted.

US Energy Report Says Turkey Uniquely Placed at Oil-Gas Crossroads

Turkey is an important transit point for oil and natural gas, says US Energy Information Administration

New S.African Crude Blending Terminal to Supply Asia in 2017

Using the world's first dedicated crude oil blending terminal, South Africa will by 2017 mix different grades of crude oil for export to refineries across Asia, enabling them to produce cleaner fuels more cheaply, an ...

Chinese Crude Imports Rebound

China’s crude imports rebounded last month to near a record as the world’s second-largest oil consumer began filling tanks at a new strategic petroleum reserve site.

Iran’s Tentitave Moves into the Shale Era

Iran has found possible oil shales in southeast Kerman and northern Semnan as the country is trying to figure out an estimate of its unconventional hydrocarbon reserves.

Saudi Varying Crude Prices Targeted to Asian Market

Top oil exporter Saudi Arabia is expected to cut monthly prices for medium and heavy grades it sells to Asia in August on weaker fuel oil cracks, while keeping the price for its flagship light crude little changed

Fall in Crude Prices Causes Sales to Drop in US

Share sales by US oil and gas companies have slowed sharply in recent months, in a sign of the tightening financial pressures on the industry following the fall in crude prices.

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