Iranian Oil Exports Drop As Waiver Expiry Draws Near
Iranian oil exports have dropped this month as waivers are soon set to expire, Refinitiv Eikon and tanker tracking data showed, according to Reuters. The United States is set to Continue Reading
Floods in Iran force minor shut-in of production at West Karun oil fields
Heavy crude production in Iran’s flooded West Karun oil fields has dropped by about 10,000 b/d to 20,000 b/d, the state-run company in charge of the operations said Wednesday, according Continue Reading
Kuwait Could Add 400,000 Bpd Heavy Oil Output By January 2020
Kuwait will start this year the first phase of a heavy oil field production, aiming to boost heavy crude output to 430,000 bpd from 60,000 bpd by January, the official Continue Reading
New measures to curb Syria fuel shortages
Government blames problem on Western sanctions impacting import of petroleum products Addressing Syria’s fuel shortages is the aim of new measures adopted by Damascus on Sunday. President Bashar al-Assad’s government Continue Reading
Syria imposes new fuel rations as sanctions bite
The regime, backed by Iran and Russia, controls almost two-thirds of Syria after a series of victories against rebels and jihadists since 2015, but the country’s main oil and gas Continue Reading
Iran’s oil exports hit new 2019 low so far in April: sources
Iran’s crude oil exports have dropped in April to their lowest daily level this year, tanker data showed and industry sources said, suggesting buyers are curbing purchases before Washington clamps Continue Reading
Iran Shutters Oil Fields To Cope With Deadly Floods
Iran has shut down some oil fields in its southwest Khuzestan province bordering Iraq and the Persian Gulf, as the Islamic Republic is looking to control the damage from recent Continue Reading
Iran Peddling 1MM Barrels of Oil Again
An Iranian exchange has offered investors as much as 6 million barrels of oil so far this year. Only a single deal closed, for the minimum 35,000 barrels. Iran’s oil Continue Reading
Aramco in talks for 25 percent of Reliance’s refining, petrochemical units: report
Saudi Aramco, the world’s largest crude oil producer, is in “serious discussions” to acquire up to a 25 percent stake in Reliance Industries’ refining and petrochemicals businesses, the Times of Continue Reading
Iraq’s Solution To Stranded Kurdistan Crude
Iraq is set to build an oil refinery of 150,000 bpd processing capacity in the northern city of Kirkuk, according to Iraqi Oil Minister Thamer Ghadhban. The ministry said that Continue Reading