Middle East
Asia, Mideast oil product tankers idle as slow trade cuts earnings
SINGAPORE (Reuters) -- Dozens of tankers used to carry refined oil products are sitting idle in Asia and the Middle East as slow trade and an oversupply of ships have cut daily earnings to as little as a fifth of last year's level, shipbrokers and traders said.
Dana Gas freezes Egypt investments over debts
DUBAI (Reuters) -- Dana Gas will not make new investments in Egypt because of delays in obtaining payments owed to it there, the chief executive of the United Arab Emirates company said.
Saudi to supply full March oil volumes to two Asian buyers
SINGAPORE (Reuters) -- Saudi Aramco will supply full contract volumes of crude oil to two Asian buyers in March, two industry sources with knowledge of the matter said on Wednesday.
Spike in maintenance expected to boost oil refining margins
ANTWERP (Reuters) -- Increased refinery maintenance in Asia and the Middle East is expected to boost profits for operators in other regions in the first half of this year, market watchers said on Wednesday.
OPEC achieves 82% of pledged oil output cut in January
LONDON/DUBAI (Reuters) -- OPEC's oil output is set to fall by more than 1 MMbpd this month, a Reuters survey found on Tuesday, pointing to a strong start by the exporter group in implementing its first supply cut deal in eight years.
Algeria to open bids for petrochemical plants for $6 B
ALGIERS (Reuters) -- Algeria's state energy firm Sonatrach on Monday launched invitations for international engineering firms to bid on four major petrochemical plants worth a total of up to $6 billion, a source at state energy firm Sonatrach told Reuters.
AL WAHA Petchem to use Honeywell’s IIoT technology to improve plant performance
DES PLAINES, Ill., -- Honeywell announced that it will provide its IIoT-based Connected Performance Services (CPS) offering to AL WAHA Petrochemicals Company to explore possibilities of maximizing propylene production.
Iran's oil exports to rise slightly in February
TOKYO (Reuters) -- Iran's monthly oil exports are set to climb slightly in February, as Indonesia takes its first shipment since sanctions on Tehran were lifted last year, a person with knowledge of Iran's tanker loading schedule said.
OPEC cuts will not impact Saudi oil supply to Japan -Saudi official
TOKYO (Reuters) -- Crude supplies to Japan from its biggest supplier Saudi Arabia will not be impacted by last year's agreement between OPEC and non-OPEC countries to cut output, a senior official of the kingdom said on Thursday.
India to fill Mangalore strategic reserve with UAE oil
NEW DELHI (Reuters) -- India signed a deal with the United Arab Emirates on Wednesday that allows the Gulf nation to fill half of an underground crude oil storage facility at Mangalore that is part of New Delhi's strategic reserve system.
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