Aramco Cuts Arab Light Septrmber Prices for Asian Markets
Saudi Aramco announced that the price of the Arab Light crude to Asian customers has been decreased by $0.75 per barrel for September delivery.
Europe | Egypt Oil & Gas - Part 5
KPI Acquires 67 Stations in Spain
Kuwait Petroleum Spain (Q8), a subsidiary of the Kuwait International Petroleum Company (KPI), has purchased 67 fueling stations from Saras Energia.
Aramco to Boost Oil Supply to Europe
Saudi Aramco plans to expand its trading operations in Europe by increasing oil supply by 300,000 barrels per day (b/d) over the next two years.
Iran Increases Oil Exports to the West
Iran's oil exports to the West surged in May to their highest level since the lifting of sanctions in early 2016. 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 Ships 24m Barrels of Gas to Asia, Europe Last January
Following removal of international sanctions, exports volume of Iran’s crude oil and gas condensate has climbed from 1.2 to over 2.8mb/d.
Iran’s Oil Exports to Decline by 7.5%
Iran's crude oil exports are set to decline up to 7.5% in November to a four-month low, as the seasonal demand is low in Europe.
Aramco Increased Oil Prices to Asia
Saudi Arabia, raised pricing for December sales of all oil grades to Asia in order to take advantage of a brief increase in demand for Middle Eastern crude.
Iran to Expand LNG Facilities
Iran plans to establish a floating LNG units with 10mt in annual production capacity and building smaller LNG production units which has been put on the agenda within mini-LNG and FLNG projects.
