Iraq to Shift Price Benchmarks for Asia

• Monday, 21st August 2017
• by Editorial Team

Iraq will adopt a new crude-oil benchmark for its Asian exports, Reuters reports. Iraq’s Oil Marketing Company (SOMO) announced to its customers that it will cease using the average of Platts’ Oman-Dubai prices to set...

Oman to Pump 1mb/d in 2017

• Thursday, 2nd March 2017
• by Editorial Team

Non-OPEC producer Oman intends to pump an average of 1mb/d in 2017 despite the 45,000b/d production cut it had pledged with the OPEC-non-OPEC deal, a senior official at the Oil and Gas Ministry said, according to Oil ...