Thursday 24 April 2014
 
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Saudi oil

Saudi refinery on track for 400,000 bpd in Q3

A major Red Sea oil refinery joint venture between Saudi Arabia and China is on schedule and expected to be operational in the third quarter of this year, state news agency SPA reported the kingdom's Oil Minister Ali al-Naimi as saying.

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Saudi lifts oil output to 10 million bpd

Saudi Arabia produced around 10.0 million barrels per day (bpd) of oil in July, up from 9.6 million bpd in June, an industry source said on Saturday.   The world's largest oil exporter supplied a total of 9.9

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Jordan trade deficit widens 34pc in Q1

Jordan's trade deficit widened 34.2 per cent to JD3.24 billion ($4.56 billion) in the first quarter of this year against the same period in 2011, due to a higher bill for imported Saudi oil and other petroleum products, official data showed on Wed

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India petchem firm buys extra Saudi oil

India-based Mangalore Refinery and Petrochemicals bought an extra cargo of Saudi Arabia's Arab Super Light for October, three sources familiar with the deal said on Monday. The 600,000-barrel cargo is on top of the company's total purchase

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Saudi oil supply seen steady

Saudi Arabia will this week tell regular customers how much oil they will receive next month, and the signs so far are supply will be little changed as the leading exporter resists market pressure to produce more. As oil has climbed to $10

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Jordan's H1 trade deficit widens to $3.9bn

Jordan's first-half trade deficit widened 18 per cent from the same period last year to JD2.792 billion ($3.9 billion), due to a higher bill for imported Saudi oil, official data showed on Monday. A chronic trade deficit and spiralling

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Climate talks 'major threat to Saudi oil demand'

United Nations climate talks are a bigger threat to top oil exporter Saudi Arabia than increased oil supplies from rival producers, its lead climate negotiator said on Sunday. Saudi Arabia's economy depends on oil exports so stands to

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12.5 mbpd oil capacity sustainable: Saudi

Top oil exporter Saudi Arabia will be able to pump at 12.5 million barrels per day for as long as the market needs when new capacity comes online next year, a Saudi oil official told Reuters on Tuesday. BusinessWeek magazine reported last

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Naimi says Saudi to pump 9.7mbpd in July

Saudi Oil Minister Ali Al-Naimi confirmed on Friday the kingdom will be pumping 9.7 million barrels per day of crude in July. United Nations chief Ban Ki-mon said on Sunday that Naimi had given him that figure, the kingdom's fastest produc

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India Reliance to buy extra Saudi oil

India's Reliance Industries will buy 30 percent of the additional crude oil pumped by Saudi Arabia in July after lifting the same proportion of extra supplies this month, a top company official said on Tuesday. "Yes about 30 percent of inc

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