Thursday 23 October 2014
 
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Saudi August oil exports fall to lowest in three years

Saudi crude exports fell in August for the fourth month in a row to their lowest levels in three years, official data showed, as the top oil exporter fights for market share amid weak demand and ample supplies from rival producers.

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DNO increases Kurd oil exports to Turkey

Norwegian oil firm DNO International said it increased its crude oil exports from Iraq's Kurdistan region to Turkey and expects more export capacity in place by year-end even as key contractors quit.  

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Saudi logs big growth in non-oil, UAE slumps

Non-oil private business activity in Saudi Arabia grew at the fastest pace in over three years last month, buoyed by strong expansions in new orders and employment, while the UAE’s business activity growth in the non-oil segment  fell

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Iran boosts steel output in bid to buffer sanctions blow

Iran is increasing steel exports and courting foreign investors in an ambitious bid to quadruple steel output in a decade and replace at least a small part of the massive revenue it loses due to sanctions on its oil sales. A devel

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Iraq September oil exports averaged 2.542 mbpd

Iraq’s oil exports rose in September to an average of 2.542 million barrels per day (mbpd) from 2.375 mbpd in August, an oil ministry spokesman said.   Oil exports raised revenues of $7 billion,

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Iraqi Kurds ship 13.7m barrels of oil since May; earn $1.3bn

Iraqi Kurdistan has shipped a total of nineteen tankers carrying 13.7 million barrels of crude oil since May via a pipeline to Turkey's Mediterranean port of Ceyhan, a Turkish energy official told Reuters.  

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Saudi Q2 GDP growth down to 3.8pc on oil slowdown

Saudi Arabia's economic growth eased to an annual 3.8 per cent in the second quarter of 2014, the lowest rate in a year, because of a slowdown in the oil sector, official data showed on Wednesday. But the first-quarter growth

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Iraq exports more oil from southern terminals far from conflict

Iraq's oil exports from its southern terminals on the Gulf, far from the fighting in its north, have increased so far this month as bad weather and logistical delays subsided, approaching a record high reached in May.  

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Saudi July oil exports steady, power use offsets higher output

Saudi crude exports remained steady in July as oil use in the country's power sector surged to a near record high, offsetting higher output, official data showed.   The world's top oil exporter and Opec h

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Rise in Iran oil storage to help export flexibility

A substantial increase in Iranian oil storage capacity will give the sanctions-hit country more flexibility to export crude, the International Energy Agency (IEA) said on Thursday. The United States and the European Union have imp

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