Iran | Egypt Oil & Gas - Part 20
Yanbu South Terminal Upgrade Boosts Saudi Oil Exports by 3M b/d
An upgrade to Saudi Aramco’s Yanbu South Terminal (YST) has added 3 million barrels per day (b/d) to the export capacity of the Red Sea facility, the company announced in a press release. The YST facility contains a t...
Iran, Russia Agree to Increase Output by 1M b/d
Iran and Russia have reached a deal to increase oil production by 1 million barrels per day (b/d) through joint efforts, IFPNews reported. The agreement came after Iranian petroleum minister Bijan Namdar Zanganeh spok...
OPEC’s 2019 Oil Demand Growth Forecast Falls Again
OPEC has cut its 2019 global oil demand growth forecasts for the third straight month, citing trade disputes and volatile emerging markets, particularly in key consuming countries, Reuters reported. The monthly report...
Saudi Arabia to Cover Iranian India Supply Losses in November
Saudi Arabia is preparing to export an additional 4 million barrels of crude to India in November, several sources familiar with the matter told Reuters on October 10. The additional supply indicates a Saudi willingne...
NIOC-Owned North Sea Field Given US Sanctions Waiver
The US Office of Foreign Assets Control (OFAC) has issued a waiver that will allow the bypassing of US sanctions placed on the Rhum gas field in the UK’s North Sea, which is 50% owned by the National Iranian Oil Compa...
Two Indian Companies Will Purchase Iranian Oil in November: Oil Minister
Two Indian companies have placed purchase orders for Iranian oil in November, oil minister Dharmendra Pradhan said on October 8th, adding to that India does not yet know if it will receive a waiver from the US excludi...
Traders Eye $100 WTI Ahead of Iran Sanctions
The number of oil traders betting on $100-per-barrel WTI by 2019 has surged in the past week, Reuters reported. Open positions on $100 December 2019 WTI call options have increased 30% in the past seven days to reach ...
Iran to Offer Oil for Export on the Stock Exchange
Iran will soon offer 1 million barrels of oil destined for export on the stock exchange, head of the state-run National Iranian Oil Company (NIOC) was quoted as saying by the Islamic Republic News Agency (IRNA). Ali K...
