Kuwait plans to raise its crude oil production by 150,000 barrels per day (bpd) in the third quarter and aims to sign new export deals with European customers soon, a senior Kuwaiti official was quoted as saying.
New contracts are
Saudi Arabia's crude oil exports rose by 430,000 barrels per day (bpd) in June, while oil used by the country's power sector surged to its highest in almost a year, official data showed on Wednesday.
Saudi Arabia ramped up
Saudi Arabia's crude oil exports in June rose to 7.365 million barrels per day from 6.935 million bpd in May, official data showed on Wednesday.
Monthly export figures are provided by Riyadh and other members of the Organizati
Iraq's oil minister said his country's oil exports should hit a record of about 3.1 million barrels per day in April as output from the country's southern fields stays strong and weather conditions improve.
Iran plans to establish oil terminals in four islands to diversify export outlets from the biggest oil terminal on Kharg Island which accounts for more than 90 per cent of crude exports, a report said.
The islands of Jask, Lavan,
Iraqi exports of medium sour Basra Light crude oil will rebound in April to 2.58 million barrels per day (bpd), trade sources said on Tuesday.
The OPEC producer is reclaiming its rank as the world's fastest-growing oil exporter afte
Iran's nuclear deal with the West will make it easier, cheaper and less stressful to trade its oil, thanks largely to a partial lifting of the European shipping insurance ban, a senior Iranian industry official said on Tuesday.
Iran's April crude exports will rebound to above 1 million barrels per day (bpd), industry sources said, after falling in March to the lowest level seen since the West imposed sanctions to reduce the oil flow in 2012.
US and E
Direct exports of crude oil from Kurdistan to Turkey may reach 20,000 barrels per day (bpd) in a few weeks, the chief executive of Genel Energy said, in a sign that a trade that officials in Baghdad see as illegal is set to grow.
Iran's crude exports are set to drop by about a quarter in December from the preceding month to the lowest since tough sanctions were applied this year, shipping sources said.
Oil shipments by Iran have more than halved in 201