Thursday 31 July 2014
 
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Oil Exports

ME crude cargoes see shift from Western markets to Asia

The ripple effects of the North American energy boom from major importer to soon-to-be exporter are being felt across the Middle East, Russia and China.  This trend will result in new sources of supply, increase competition, reshape the glo

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Yemen oil export income down 64pc in May, reserves sink

Yemen's income from oil exports tumbled by over 64 per cent to $73.4 million in May from a year ago, due to attacks on an export pipeline, and the central bank's foreign asset reserves shrank to their lowest since end-2011, data showed o

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Libya oil exports yet to restart from eastern ports

Libya has yet to resume exports from the eastern Ras Lanuf and Es Sider oil ports as the state oil firm waits for the government to notify it on the end of the blockade, a spokesman for the National Oil Corp (NOC) said on Sunday.

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Iraqi oil exports hit new record despite rebel attacks

Iraq's oil exports from its southern terminals are near record rates in June despite attacks by Sunni Islamist insurgents and their capture of swathes of territory in northwest and central Iraq, according to loading data and industry sources

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Iraq's top oil refinery ‘under govt control’

Iraq's biggest oil refinery at Baiji remained under government control on Thursday after Sunni rebels' offensive through northern Iraq, Iraqi Oil Minister Abdul Kareem Luaibi said. Luaibi said Iraq was not importing any ad

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Iran's oil exports fall second month in April

Iran's oil exports dropped for a second month in April, the International Energy Agency said, moving closer to levels allowed by November's interim deal on curbing Tehran's nuclear programme. Global imports of Iranian

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Iraqi oil exports top 2.5m bpd in April

Iraq's monthly oil exports reached 2.512 million barrels per day (bpd) in April, an oil ministry spokesman said on Sunday. Exports rose from 2.139 million bpd in March, ministry spokesman Asim Jihad said, adding that exports f

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Iran oil exports fall for first time in five months

Iran's crude oil exports fell for the first time in five months in March, and are slated to drop further in April, moving closer to the levels stipulated by November's temporary nuclear deal that eased some sanctions on Tehran.

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Kuwait trade surplus narrows to $86bn

Kuwait’s trade surplus edged down to KD24.3 billion ($86 billion) in 2013 from a record KD25.7 billion the year before due to lower oil export receipts during the year, said a report. Nevertheless, the surplus – estima

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Libyan rebels start oil exports, bypassing govt

Armed protesters controlling ports in eastern Libya said on Saturday they had started exporting oil, bypassing the Tripoli government in a major escalation of their blockade to demand a greater share of the nation's petroleum wealth.

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