Fujairah Oil Stocks Achieve High Record in Four Weeks

• Thursday, 4th February 2021
• by Fatma Ahmed

Fujairah oil products stocks achieved a high record in four weeks, showing gains for the first time in eight weeks, S&P Global Platts reported. The total inventory increased 7% during the week of February 1st comp...

Some Question Iraq’s Move to Change Oil Price Benchmark

• Sunday, 27th August 2017
• by Editorial Team

Some refiners are expressing unhappiness with Iraq’s move to change its pricing mechanism, Reuters reports. Last week Iraq’s Oil Marketing Company (SOMO) announced that it was looking to use DME Oman futures for as it...

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...

Platts Issued MENA LNG Price Index

• Monday, 16th January 2017
• by Egypt Oil & Gas

Commodity pricing agency S&P Global Platts will begin assessing prices for liquefied natural gas (LNG) delivered to the Middle East and Pakistan in the Platts Middle East Marker (MEM), reflecting growing imports i...

S&P Platts to Distribute FOIZ Storage Data

• Tuesday, 15th November 2016
• by Egypt Oil & Gas

The Fujairah Oil Industry Zone (FOIZ), has signed a memorandum of understanding (MoU) with the independent data agency, S&P Global Platts, to distribute weekly inventory storage data starting 2017,  reported Zawya...