Kuwait signed a deal to export 100,000 barrels of oil per day (bpd) with a major refiner, with a potential annual return of $2 billion, state news agency KUNA reported on Wednesday.
"The contract is one of the important strat
The US appears on the brink of ending a four-decade ban on most exports of crude oil, which would end a years-long fight brought about by a boom in domestic shale output that contributed to a supply glut and depressed prices.
Libya's Hariga oil export port is still closed due to a strike by security guards demanding salary payments, a port official said on Monday.
"There are talks with the guards to end the protest but the port is still closed
The United States must decide soon whether to overturn its nearly 40-year ban on oil exports or it risks inhibiting output from the domestic drilling boom, the executive director of the International Energy Agency said on Tuesday.
The leader of an autonomy movement in eastern Libya said on Sunday he will not order his militia troops to end the blockade of several oil-exporting ports.
"We will not reopen the ports," Ibrahim Jathran told reporters,
Iraq's oil exports from its southern ports have slowed so far in September and may fall further until mid-October due to maintenance, according to shipping data and industry sources, tightening supply from Opec's second-largest producer.
Bad weather cut oil exports from Iraq's Basra ports to 864,000 barrels per day (bpd) on Saturday from 2.23 million bpd a day earlier, a shipping source said.
"High winds in the Gulf are disrupting loading operations and p
Iran is investigating a suspected cyber attack on its main oil export terminal and on the Oil Ministry itself, Iranian industry sources said on Monday.
A virus was detected inside the control systems of Kharg Island, the country's lar
Iraq aims to boost oil exports by 200,000 barrels per day next month after it opens up a new Gulf outlet, a senior Iraqi oil official said, freeing Baghdad to export all the extra barrels foreign oil companies are extracting from its giant fields.
More than 3,000 customs officers in Kuwait went on strike today demanding better pay and working conditions, trade union officials said.
The indefinite strike could affect exports and imports, including oil exports, a report said.