Saturday 28 February 2015
 
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Exports

China to hike oil product exports, add to glut

Beijing has raised the initial volume of oil products that Chinese refiners can export this year, potentially adding to a supply glut just as new processing capacity in the Middle East is expected to pressure fuel prices and depress margins.

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China to hike oil product exports, add to glut

Beijing has raised the initial volume of oil products that Chinese refiners can export this year, potentially adding to a supply glut just as new processing capacity in the Middle East is expected to pressure fuel prices and depress margins.

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Iraq's oil export deal with Kurdistan in trouble

A deal aimed at resolving a dispute between Baghdad and Kurdish regional authorities over crude oil exports looked fragile with the semi-autonomous region's Prime Minister threatening to withhold exports. Both sides reaffirmed their

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Kuwait halts all oil exports due to bad weather

Bad weather has disrupted oil exports from Kuwait forcing it to halt both its crude and oil products exports, a spokesman for state-run Kuwait National Petroleum Co (KNPC) told Reuters.    

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Iraq's oil exports drop to 2.535mbpd in January

Iraq's oil exports dropped to 2.535 million barrels per day (mbpd) in January from a high of 2.940 mbpd the previous month, an oil ministry statement said.   Two weeks of bad weather in the south affected Jan

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China's imports slump, exports too down

China's trade performance slumped in January, with exports falling 3.3 per cent from year-ago levels while imports tumbled 19.9 per cent, far worse than analysts had expected and highlighting deepening weakness in the Chinese economy.

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China's imports slump, exports too down

China's trade performance slumped in January, with exports falling 3.3 per cent from year-ago levels while imports tumbled 19.9 per cent, far worse than analysts had expected and highlighting deepening weakness in the Chinese economy.

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Iranian fuel oil exports trade skirts sanctions

Iran is sidestepping Western sanctions and managing to sell hundreds of thousands of tonnes of fuel oil every month through companies based in the United Arab Emirates, trading sources told Reuters. The US and EU sanctions that ca

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Iraq's south oil exports dip to 2.389 mbpd in January

Iraq's southern oil exports dipped in January to an average of 2.389 million barrels per day (mbpd) from a record high in December, officials from the state-run South Oil Co (SOC) said.   The previous month,

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New sugar refinery to start ops in Saudi by end-2017

A new sugar refinery is due to start operations in Jizan in southwest Saudi Arabia by the end of 2017, adding to a stream of projects that will significantly raise the Middle East's refining capacity. "At the moment the d

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