Friday 25 July 2014
 
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oil export

US must decide on crude export ban: IEA chief

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.

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Libyan leader says will not reopen oil ports

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,

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Setback for Iraqi oil exports

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.

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Bad weather cuts Iraq South oil exports

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

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Cyber 'attack' hits Iran oil industry

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

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Iraq targets 200,000 bpd oil export jump

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.

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Customs staff begin strike in Kuwait

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.

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Iraq oil exports up at 2.27m bpd in June

Iraq exported an average of 2.274 million barrels of oil per day in June, oil minister Abdul-Karim Luaibi told Reuters on Sunday. The country had exported around 2.225 million bpd in May.-Reuters

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Saudi cash boost 'no quick fix for property woes'

Saudi King Abdullah's bumper cash pledge to build more homes shows the kingdom's intent to address vast undersupply in the world's biggest oil exporter, but there is no quick fix for its property woes.    In a r

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Iraq to boost oil export capacity

Iraq plans to raise the capacity of its southern oil export facilities in the Gulf to between 5 and 6 million barrels per day (bpd) by the end of 2013, deputy oil minister Ahmed al-Shamma said on Tuesday. The move comes as part of the

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