Qatar calls for increased investment in oil and gas markets
Qatar’s energy minister on Thursday called for oil-producing countries to boost investment in the oil and gas sector given a recovery in the price of oil, but said he did Continue Reading
Asia Braces For Much Tighter Oil Markets
Two months before the U.S. sanctions on Iranian oil exports go into effect, Asian refiners and traders are beginning to line up their purchases for cargo loadings for November. On Continue Reading
Iran Says Europe Looks To Open Bank Accounts To Deposit Iranian Oil Income
Europe is looking to open bank accounts in Europe for Iran to deposit oil revenues and secure Iranian oil exports, Iranian media quoted Deputy Foreign Minister Abbas Araqchi as saying. Continue Reading
UAE Ramping Up Oil Production To 3 Million Bpd
The United Arab Emirates (UAE) is ramping up production at a newly operational offshore field, aiming to boost its total output to around 3 million bpd, S&P Global Platts reported Continue Reading
Saudi Arabia aims to keep crude in $70 to $80 band: sources
Saudi Arabia wants oil to stay between $70 and $80 a barrel for now as the world’s biggest crude exporter strikes a balance between maximizing revenue and keeping a lid Continue Reading
Iraq Is Facing A Major Internal Crisis
Iraq continues to head towards a major showdown between the two main political rival blocks, led by Prime Minister Al Abadi and former PM Al Maliki. Both are currently in Continue Reading
India’s August imports of Iran oil down a third month-on-month: sources
India imported about 523,000 barrels per day (bpd) of oil from Iran in August, down 32 percent on a month earlier, preliminary tanker arrival data showed, as the United States Continue Reading
India Allows State Refiners To Import Iranian Oil In Iran-Owned Tankers
India has given permission to state-owned refiners to import oil from Iran with Iranian tankers and insurance, after the biggest Indian shipping company backed out of Iran voyages due to Continue Reading
Saudi Aramco Signs Deal With Baker Hughes To Boost Offshore Oil Production
Saudi Aramco awarded on Tuesday to Baker Hughes the first integrated services contract for capacity expansion of its large offshore Marjan oilfield, the Saudi firm’s biggest upstream development this year Continue Reading
Houthis Claim Successful Attack On Aramco Oil Facility
Yemen’s Houthi rebels have claimed a successful attack on an unidentified oil facility of Saudi Aramco in Jizan, according to a report in Iranian state news agency IRNA. The strike Continue Reading