Nigeria’s Duke Oil to Move to Dubai
Duke Oil, a subsidiary of Nigerian National Petroleum Corporation (NNPC), is reportedly shutting down operations in the UK and leaving London to set up a new office in Dubai.
Duke Oil, a subsidiary of Nigerian National Petroleum Corporation (NNPC), is reportedly shutting down operations in the UK and leaving London to set up a new office in Dubai.
The Organization of the Petroleum Exporting Countries (OPEC) has recorded its first monthly increase in oil output this year.
Saudi Arabia's petroleum export revenues declined by 3.96% Year-on-Year during H1 2019.
Oman’s crude oil and condensates production reached around 30.1 million barrels during July, with a daily average production rate of 970,682 barrels.
Iraq's crude oil production increased to 4.62 million per day (b/d) in July, recording its highest level since January 2017.
Saudi Arabia’s crude oil exports to China soared to 1.74 million barrels per day (b/d) in July, while shipments to the US tumbled to 161,000 b/d compared with 1.03 million b/d a year earlier.
The Saudi Minister of Energy, Khalid Al-Falih has discussed with his Russian counterpart the recent developments in global oil markets.
The Iraqi Ministry of Oil announced that oil exports rose from 3.52 million barrels per day (b/d) to 3.566 million b/d in July.
Saudi Arabia’s oil production fell to 9.6 million barrels per day (b/d) in July and is expected to stay below the 10 million b/d level in the coming months.
Saudi Arabia has compensated China for the shortage of crude oil supplies due to the US-imposed sanctions on Iran. After Chinese oil importer crude Iranian imports decreased to their lowest level since 2010.