Middle East
Iran's July crude exports set to fall from June-source
TOKYO (Reuters) — Iran's crude oil exports in July are set to fall 7% from this month's three-month high, mainly due to a decline in exports to Europe, a person with knowledge of the Middle Eastern country's tanker loading schedule said.
UAE energy minister says no talk about further OPEC supply cuts
PARIS (Reuters) — There is no talk of further oil output cuts by the Organization of the Petroleum Exporting Countries and its allies despite only a slow drawdown in inventories, the United Arab Emirates' energy minister said on Thursday.
Egypt raises fuel prices by up to 50% under IMF deal
CAIRO (Reuters) — Egypt on Thursday hiked fuel prices by up to 50% to help meet terms of a $12 B IMF loan deal, a sharper rise than expected by many struggling with soaring living costs and a further test of President Abdel Fattah al-Sisi's popularity.
OPEC in no rush on deeper oil output cut, to look at in July
LONDON (Reuters) — OPEC will not rush into making a further cut in oil output or end some countries' exemptions to output limits, OPEC delegates said, although a meeting in Russia next month is likely to consider further steps to support the market.
Iraq's oil exports in June near May level, oil minister says
BASRA, Iraq (Reuters) — Iraq's oil exports from fields owned by the central government in Baghdad are at around 3.27 MMbpd so far in June, about the same level as in May, Oil Minister Jabar al-Luaibi said on Thursday.
Oil headed for weakest first-half performance in two decades
LONDON (Reuters) — Oil was mostly flat on Wednesday, after paring earlier losses, but was set for its biggest price drop in the first half of the year since 1997, a sign that investors are discounting evidence that major producers are sticking to a deal to cut output.
Egypt sends fuel for Gaza's only power plant as Hamas links thaw
GAZA (Reuters) — Egypt sent fuel on Wednesday to the Gaza Strip's only power plant to help alleviate an energy crisis that has left the Palestinian enclave's two million residents with less than 3 hr of electricity per day.
Car bomber dies in failed attack near Libya's Es Sider oil port
BENGHAZI (Reuters) — A car bomber blew himself up overnight in a failed attack near a security checkpoint outside the Libyan oil port of Es Sider, a security source and a witness said on Tuesday.
ADNOC opens fueling facility at Abu Dhabi International Airport
ABU DHABI — Abu Dhabi National Oil Company (ADNOC), with its subsidiary company ADNOC Distribution, hosted an official opening ceremony for its new “North Depot” aviation fuel facility at Abu Dhabi International Airport.
Emerson, Aramco sign agreement to collaborate on digital transformation
RIYADH, Saudi Arabia – Emerson signed a Memorandum of Understanding (MoU) with Saudi Aramco during the recently held Saudi-US CEO Forum in Riyadh. The agreement signed by David N. Farr, Emerson’s chairman and chief executive officer and Amin H. Nasser, Saudi Aramco President and CEO, will help bring advanced digitization and automation technologies to one of the leading energy and chemicals companies.
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