Monday 21 April 2014
 
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Oil Exports

Iran oil exports fall for first time in five months

Iran's crude oil exports fell for the first time in five months in March, and are slated to drop further in April, moving closer to the levels stipulated by November's temporary nuclear deal that eased some sanctions on Tehran.

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Kuwait trade surplus narrows to $86bn

Kuwait’s trade surplus edged down to KD24.3 billion ($86 billion) in 2013 from a record KD25.7 billion the year before due to lower oil export receipts during the year, said a report. Nevertheless, the surplus – estima

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Libyan rebels start oil exports, bypassing govt

Armed protesters controlling ports in eastern Libya said on Saturday they had started exporting oil, bypassing the Tripoli government in a major escalation of their blockade to demand a greater share of the nation's petroleum wealth.

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Iraq oil exports hit record 2.8m bpd

Oil exports from Iraq rose to a record 2.8 million barrels per day (bpd) on average in February, Deputy Prime Minister for energy Hussain al-Shahristani told reporters on Saturday. The figure was up from 2.228 million bpd in Janua

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Iraq oil export plunges in Dec

Iraq's oil exports have fallen so far in December, capping what has been a disappointing year and highlighting challenges it faces in 2014 in achieving significant production growth. The drop in exports this month shows Iraq h

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Iran sees no big 2014 oil exports recovery

Iran's draft budget estimates oil exports at around 1.1 million barrels per day (bpd), oil ministry website Shana said on Tuesday, indicating Tehran sees no major recovery in sales next year despite improving relations with the West.

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Fast rebound of oil exports unlikely says Iran

Iran does not expect to raise its oil exports immediately after Sunday's nuclear deal, but is in talks with potential western investors in its energy industry, Iranian oil minister Bijan Zanganeh told the Financial Times newspaper.

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Iraq oil exports recover in Oct

Iraq's oil exports in October recovered from a 19-month low, but remained far below their peak due to ongoing maintenance and sabotage of pipelines, figures released yesterday showed. Iraq exported 69.8 million barrels of oil

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Libya resumes oil exports from Mellitah

Oil exports from Libya's western Mellitah port have resumed after protests ended, allowing a large oilfield to ramp up production and providing some respite from a crisis that has crippled its economy. Most of Libya's oil

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Iran oil exports set to plunge 30pc in Oct

Iran's oil sales in October will fall to their lowest in months, according to sources who track tanker loadings, indicating no early petrodollar dividend for Iran despite its apparent willingness to compromise on its disputed nuclear work.

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