Friday 6 May 2016
 
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Crude oil

Kuwait oil output up to 1.5mbpd despite strike

Kuwait's crude oil production was 1.5 million barrels per day (bpd) on average despite an open-ended strike by Kuwaiti oil workers, an oil spokesman told state news agency Kuna on Tuesday. Thousands of Kuwaiti oil and gas work

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Saudi Aramco, Sabic mull joint oil refinery

Saudi Aramco and Saudi Basic Industries Corp (Sabic) are considering a new joint refinery in Yanbu on the Red Sea coast of Saudi Arabia to produce chemical products from crude oil, a report said. “This move is long overdue g

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Saudi Aramco, Sabic mull joint oil refinery

Saudi Aramco and Saudi Basic Industries Corp (Sabic) are considering a new joint refinery in Yanbu on the Red Sea coast of Saudi Arabia to produce chemical products from crude oil, a report said. “This move is long overdue g

More…

Saudi Aramco, Sabic mull joint oil refinery

Saudi Aramco and Saudi Basic Industries Corp (Sabic) are considering a new joint refinery in Yanbu on the Red Sea coast of Saudi Arabia to produce chemical products from crude oil, a report said. “This move is long overdue g

More…

Indonesia eyes Iran LPG deal, but not crude

Indonesia's Opec governor said on Monday a deal was imminent for importing Iranian condensate and liquefied petroleum gas, but not for crude oil. A delegation of Indonesian oil officials will travel to Iran later this week to

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Asian stocks slip as crude heads south

Asian shares slipped on Thursday as a fragile recovery in volatile crude oil unravelled, reviving anxiety about the health of the global economy, and Chinese shares skidded. MSCI's broadest index of Asia-Pacific shares outside

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Iran's crude oil sales to Europe hits new high

Iranian Oil Minister Bijan Zanganeh said on Saturday that Iran's crude oil sales to Europe after the lifting of international sanctions on Tehran had already reached above 300,000 barrels, according to the ministry's news agency.

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Global stocks rebound, close week with strong gains

Global equities rebounded on Friday from an initial selloff to close the week with strong gains while US bond prices climbed after a weak employment report increased worry about slowing global growth. The economy created 142,000 j

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Iran, China, Indonesia in deal to build new refinery

Iran, China and Indonesia have launched a joint venture (JV) to build a refinery on East Java island to process 150,000 barrels per day (bpd) of heavy crude oil, a report said. According to the agreement reached between the three

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Iran, China, Indonesia in deal to build new refinery

Iran, China and Indonesia have launched a joint venture (JV) to build a refinery on East Java island to process 150,000 barrels per day (bpd) of heavy crude oil, a report said. According to the agreement reached between the three

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