Monday 15 February 2016
 
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oil production

Kuwait to raise crude output, sign export deals

Kuwait plans to raise its crude oil production by 150,000 barrels per day (bpd) in the third quarter and aims to sign new export deals with European customers soon, a senior Kuwaiti official was quoted as saying. New contracts are

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Russia ‘open to oil cooperation with other producers’

Russia is open to further cooperation in the oil market with Opec and non-Opec countries, Russian Foreign Minister Sergei Lavrov said on Tuesday at a news conference while on a visit to Abu Dhabi. Asked whether Russia was open to

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Spare oil capacity 'can complicate any Aramco listing'

Saudi Arabia's policy of keeping a vast amount of oil production capacity unused is a possible complication in any listing of the upstream part of state oil firm Aramco, industry sources said. Saudi Arabia holds the world'

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Spare oil capacity 'can complicate any Aramco listing'

Saudi Arabia's policy of keeping a vast amount of oil production capacity unused is a possible complication in any listing of the upstream part of state oil firm Aramco, industry sources said. Saudi Arabia holds the world'

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Iran’s Implementation Day arrives. What next?

The International Atomic Energy Agency (IAEA) confirmed on Saturday, that Iran had fulfilled its nuclear related obligations under the Joint Comprehensive Plan of Action (JCPOA) enabling “Implementation Day” to occur and the lifting

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Iraq eyes record oil production, exports in 2016

Iraq, the second-largest Opec producer, is hoping to raise oil output further next year and sell record volumes of oil to customers from its southern terminal, a senior Iraqi oil source said. Iraq has seen higher-than-expected pro

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Shell to invest $425m in BapetCo operations

Royal Dutch Shell will invest $415 million in areas of operations managed by Egypt-based Badr El Din Petroleum Company (BapetCo), a report said. The investments aim to develop fields, excavate and make new discoveries, as well as

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Oman boosts oil output to record high in June

Oman has ramped up its oil production to a record high in June, adding to a global supply glut that has hit oil prices, as the Gulf Arab country compensates for the drop in its oil revenue. June production reached 992,700 barrels

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Oil: Need to scale back production?

There's red ink everywhere this week as commodities crash to levels unseen in 13 years, spooked by fears of a US rate hike and a Chinese economic slowdown. Where could reverse the slide? For some individual commodities the answer is improved

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Iran ‘on track to see big investments’

Iran is on course to change significantly over the next decade, with or without a deal, the country is set to witness its greatest upside via opening up to investment, a report said. Iran will see the most bullish sentiment will b

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