Libyan Port Resumes Crude Shipments
An oil tanker on Thursday began loading crude from Libya’s Zueitina port, the first cargo about to be shipped from the terminal in 10 months, a spokesman for the country’s Continue Reading
Oil Price Recovery Likely to Continue, Say Company Executives
Oil prices, which earlier Thursday broke through a key psychological level of $50 a barrel, are likely to continue recovering into next year as supplies tighten, but that recovery is Continue Reading
Saudi Arabia Increases Crude Exports
Top oil exporter Saudi Arabia increased its crude exports in June as it pumped at near-record-high levels while burning less petroleum for electricity than the same month last year, official Continue Reading
Iraq Resumes Oil Exports From Kurdish Fields
The Iraqi government has resumed pumping oil from fields operated by the North Oil Company through a Kurdish pipeline that runs through Turkey, according to remarks from a spokesperson from Continue Reading
Oil Product Demand In This Middle-East Nation Just Hit An All-Time High
Despite low crude prices, Qatar’s non-oil economy is still strong – unlike the more sluggish growth of neighboring Gulf countries – and its demand for refined oil products has more Continue Reading
Worker strike briefly disrupts Taq Taq field
Workers protested against proposed cuts to staff and salaries with a two-day walkout, temporarily reducing crude supply to a local refinery. A flare burns at the Taq Taq oil field. Continue Reading
Israeli offshore exploration gearing up again after hiatus
Exploration off Israel’s Mediterranean coast is set to resume in the coming months after a hiatus of several years with a new foreign player, Energean Oil and Gas, expected to Continue Reading
Saudi Arabia Announces Record High Oil Exports In June
Saudi Tanker Saudi Arabian crude exports rose in June to near-record-high levels, even as the country used less petroleum to generate electricity than the same month in 2015, according to Continue Reading
Baghdad resumes exports into KRG pipeline
Iraq’s federal North Oil Company (NOC) is again pumping crude into the Kurdistan region’s export system, after five months of shut-ins because of disputes over oil policy.The export re-start signals Continue Reading
Nigerian oil output may stay low through 2017
Nigerian crude oil production will likely remain suppressed by militant activity at least through next year, a report from the U.S. government said. The most active of the many militant Continue Reading