State-run Kuwait Petroleum Corporation (KPC) has renewed contracts worth $1 billion with BP to provide the British oil company with jet fuel and gasoil, state news agency Kuna said on Tuesday.
"The contracts that cover 2015 w
Emirates General Petroleum Corp (Emarat) has increased its 2015 spot and term volumes of jet fuel from last year because of an increase in demand from Dubai International Airport, industry sources said.
Qatar International Petroleum Marketing Company, or Tasweeq, has offered 480,000 tonnes of pearl gas-to-liquid (PGTL) jet fuel and aviation fuel for the first half of next year, tender documents showed.
Kuwait Petroleum Corp (KPC) has sealed its 2015 gasoil term deal with buyers at a premium of $1.25 a barrel to Middle East quotes on a free-on-board (FOB) basis, down 44 per cent versus its 2014 deal, industry so
Abu Dhabi National Oil Co (Adnoc) has finalised its 2015 jet fuel term contracts at slightly lower levels than the current year, industry sources said.
The refinery finalised its January to December 2015 jet fu
The European Union adopted a regulation on Monday making jet fuel imports duty-free starting next year, ending months of uncertainty that had worried airlines, refiners and traders.
EU ministers "today adopted a regulation re
Saudi Aramco has sold its first jet fuel cargo from a new joint-venture refinery in Jubail, with the shipment likely to head to Europe, industry sources said on Thursday.
The 40,000-tonne cargo, which will likely be loading in mid
Etihad Airways, the national airline of the UAE, has been named Corporate Risk Manager of the Year at the Energy Risk Awards Asia in recognition of its highly effective fuel hedging strategy.
The airline has built up its fuel hedg
Jet fuel imports from Gulf countries are exempt from paying a new 4.7 per cent duty, an EU official said on Wednesday, overriding a previous statement they would have faced the charge.
Last month, officials had said the European U
The European Union's jet fuel imports from the Middle East are likely to escape a tariff that would have raised prices from next year, thanks to a waiver, EU sources and traders said.
Leading Middle East oil producers are to l