Saturday 31 January 2015
 
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Kuwait cuts spending plan as oil prices hit exports

Kuwait's finance ministry has slashed spending and projected a big deficit in a draft budget for the next fiscal year, as plunging oil prices hit its export revenues. The draft budget for the year starting in April envisages s

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Saudi crude oil exports rose to 7.3 mbpd in November

Top oil exporter Saudi Arabia exported 7.3 million barrels per day (mbpd) of crude oil in November, up from 6.9 mbpd in October, official data showed.   Production was slight

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Oil prices slip on record Iraq output

Brent crude oil prices fell below $50 a barrel on Monday after Iraq announced record oil production and the global economic outlook darkened. Iraqi Oil Minister Adel Abdel Mehdi said on Sunday Iraq pumped 4 million barrels per day

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Iran mulls natural gas exports to Europe

Iran, which has the largest natural gas reserves in the world, could potentially export 25 billion to 30 billion cu m (bcm) of natural gas to 12 European nations, a report said. “Iran is seeking a way to export gas to Europe

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Iraq plans to boost southern oil exports to a record high

Iraq plans to boost monthly crude oil exports from its southern ports to a record high level in February, trade sources said.   Iraq's State Oil Marketing Organization (S

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New Saudi-Sinopec oil refinery `Yasref' starts exports

A major new joint-venture refinery in Saudi Arabia shipped its first clean diesel cargo, the company Yanbu Aramco Sinopec Refining Co (Yasref) said.   The 400,000 barrels-per

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New Saudi-Sinopec oil refinery starts exports

A major new joint-venture refinery in Saudi Arabia on Thursday shipped its first clean diesel cargo, the company Yanbu Aramco Sinopec Refining Co (Yasref) said. The start-up of the refinery is expected to weigh on diesel prices as

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Saudi slashes oil prices to Europe, ups Asia

Saudi Arabia made deep cuts to its monthly oil prices for European buyers on Monday, a move some analysts said reflects the kingdom's deepening defence of market share, although it also hiked prices in Asia from record lows. S

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Turkey's 2014 exports hit record high at $157bn

Turkey’s annual export figures for 2014 rose 4 per cent to $157.62 billion, an all-time high, the Turkish Exporters' Assembly (TIM) said on Thursday. December exports rose 1.1 per cent year-on-year to $13.14 billion, TIM

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Iraq oil exports via pipeline through Turkey reach 32.2m barrels

Iraq exported a total of 32.2 million barrels of oil to world markets via a Kurdish-built pipeline going through Turkey since May, Turkish Energy Minister Taner Yildiz said.  

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