Middle East
Oil supply disruptions boost prices
A series of oil supply disruptions across the globe has helped push Brent crude prices above $81 a barrel for the first time since April.
Saudi Arabia imports record Russian fuel oil in June as trade grows
Saudi Arabia imported record volumes of discounted Russian fuel oil in June, a near 10-fold annual increase to meet summer power generation demand and maintain crude exports despite OPEC+ production cuts, according to traders, analysts and Kpler data.
IEA trims 2023 oil demand forecast on economic headwinds
Oil demand is set to hit a record high this year but economic headwinds and interest rate hikes mean the increase will be slightly less than anticipated, the International Energy Agency said.
H.E. Minister Saad Sherida Al-Kaabi stated that QatarEnergy will supply 40% of new LNG by 2029 at the LNG 2023 "Leadership Dialogue"
His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said “40% of all the new LNG that will come to the market by 2029, when all our projects are up and running, is going to be from QatarEnergy.”
Iraq to trade crude oil for Iranian gas to resolve power debt
Iraq will begin trading crude oil for Iranian gas to end the recurring issue of payment delays to Tehran due to the need for U.S. approval, Iraqi Prime Minister Mohammed Shia Sudani said.
Saudis to supply full oil volumes to Asia in August, China requests less again
Saudi Aramco has informed some clients in North Asia they will receive full nominated volumes of crude oil in August, several sources with knowledge of the matter said, while top buyer China once again requested for less supply.
Indonesia seizes Iranian-flagged tanker suspected of illegal oil transfer
Indonesia's coast guard said it seized an Iranian-flagged supertanker suspected of involvement in the illegal transshipment of crude oil and vowed to toughen maritime patrols.
Fire at Bandar Abbas refinery has been extinguished
A fire that broke out in petroleum product reservoirs belonging to the Aftab Oil Refining company in an industrial zone in Iran's southern port city of Bandar Abbas has been extinguished, state media reported.
Digital Exclusive: Refineries’ pandemic turmoil—KNPC’s gasoline demand: Opportunities and challenges
In this exclusive digital article, KNPC provides a comprehensive analysis of the difficulties and challenges that the company experienced during the COVID-19 epidemic and how its refineries adapted during this challenging time.
Oil dips on Chinese and U.S. data, but OPEC+ cuts limit fall
Oil prices dipped after weak economic data from top consumers the United States and China, though expected crude supply cuts from Saudi Arabia and Russia limited losses.
- Haldia Petrochemicals awards ethylene plant digitalization contract to Lummus 5/2
- INEOS completes purchase of LyondellBasell's EO&D facility in Bayport, Texas (U.S.) 5/2
- HPLNG delays commissioning of Chhara LNG import terminal in India 5/2
- Shell records nearly $8-B Q1 profit on the back of refining, chemicals/products and LNG divisions 5/2
- Water treatment specialist SurfCleaner supplies Norwegian energy giant Equinor 5/2
- U.S. White House: Russia shipping fuel to North Korea above UN cap 5/2
