Friday 1 July 2016
 
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Oil

Iraq June oil exports fall as domestic usage rises

Iraq's oil exports from the southern ports fell in June as domestic consumption rose due to demand for summer cooling, an official at the state-run South Oil Company said on Friday. Loadings from Iraq's southern oil termin

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Oil extends gains after biggest quarterly advance since 2009

Oil rose after the biggest quarterly gain since 2009 as falling US supply added to speculation the global surplus is easing, said a report. Futures gained 0.6 per cent in New York, taking its advance for the week to 2 per cent. US

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Iran's July oil exports to fall but 70pc higher than year ago

Iran's oil exports in July are set to fall from June levels as the country battles Saudi Arabia and Iraq for market share but are about 70 percent higher than a year ago, according to a source with knowledge of the country's crude lift

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Iraq's oil exports set to decline in June for second month

Iraq's oil exports are set to decline in June for a second month, according to loading data and an industry source, adding to signs that supply growth from Opec's second-largest producer is slowing this year.  

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Dubai ICD's profits slip on lower oil, gas revenues

Investment Corporation of Dubai (ICD), which holds stakes in some of the emirate's top companies, posted a 3.7 per cent drop in profit last year as revenue from oil and gas products and services fell. Profit attributable to eq

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Oil prices rebound in post-Brexit bargain hunting

Oil prices rose above $48 a barrel on Tuesday as investors took advantage of a two-day slide in crude following Britain's vote to leave the European Union to lock in lower prices.   The vote result sent globa

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Iraq's southern oil exports seen steady through 2016

Oil exports from Iraq's southern ports have averaged 3.162 million barrels per day (bpd) so far this month, down slightly from May due to maintenance work and rising demand for fuel oil used in power generation, a senior oil official said.

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Algeria ‘oil and gas output on the rise’

Algeria's oil and gas output is moving back to growth after years of stagnation, helped in part by increased production at the North African Opec member's existing fields, state energy company Sonatrach said on Sunday. Oil

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Brexit has limited impact on oil prices, says Kemp

Crude oil prices have so far shown only a modest impact from Britain's vote to leave the European Union on Thursday. Brent crude futures for the nearest contact to delivery were down by just over $2 per barrel or about 4 per c

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Oil's supply-demand balance improving: Al Falih

Oil markets are improving as supply and demand are almost balancing, Saudi Arabia's energy minister said in comments aired on Thursday.   "We see that the market has returned into balance. Supply and dem

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