Middle East
OPEC+ to boost crude output, but can it deliver and who will buy?
The seven core members of OPEC+, which groups together OPEC and allied producers such as Russia, agreed at a meeting on Sunday to lift quotas by 188,000 barrels per day from August, taking the total increase to almost 800,000 bpd since April.
Chinese independent refiners snap up discounted Mideast oil as supplies rise
Gulf oil exports are gushing into Asia as producers ramp up output and exports through the Strait of Hormuz following the interim peace deal between the U.S. and Iran, depressing oil prices globally.
U.S.-Iran war still trails the 1979 oil shock by total losses
Unlike previous crises, the Iran war has simultaneously disrupted crude oil, natural gas, refined fuels and fertilizer supplies, exposing vulnerabilities created by decades of rising energy demand, globalized trade and the Middle East’s growing role as a supplier of finished fuels.
Saudi Aramco ramps up exports from Ras Tanura, switches to spot sales
Saudi Aramco resumed loadings from Ras Tanura, the world's largest oil port, on Friday after a halt of nearly four months.
- Fluor signs long-term program management consultancy contract with Saudi Aramco 7/7
- ADNOC signs 15-yr SpA with with INPEX for Ruwais LNG project 7/7
- ADNOC, XRG and Mitsui sign SCA to explore growth opportunities across the energy value chain 7/7
- AMETEK Process Instruments introduces explosion proof 993X series of gas analyzers for Zone 1 applications 7/7
- Draeger launches all-in-one single-entry portal for digital applications, services and support 7/7
- Yokogawa awarded main automation contractor for $13-B Commonwealth LNG project (U.S.) 7/7
