OPEC says that crude prices are very unlikely to head north in 2016 due to the additional supply from Iran, which is beginning to boost
Category: Mena
OPEC Says Oil Output Highest in Three Years
OPEC increased its crude output more in November than in any month since late 2008 since it insisted on its policy to protect market share
Israel’s ICL Starts Fertilizer Exploration in Namibia
Israeli fertilizer producer ICL is looking into possibilities to start a major new project in Namibia, thus joining a crow of other manufacturers turning their
Canpotex as ‘OPEC’ and PotashCorp as ‘Saudi Arabia’ of the Potash Industry
Potash prices have gone down by US$15 per ton to US$282 per ton from US$297 since March this year. In the light of last week’s
Saudi Arabia to Set Up a Fertilizer Plant in Bangladesh
Saudi Arabia announced last week that it would be setting up a flagship fertilizer project in Bangladesh. Saudi Finance Minister Ibrahm Al-Assaf had accepted the
Saudi Arabia Seeks Non-OPEC Partners to Help Cut Oil Supply
Representatives of Saudi Arabia said on Monday (23 November) that the kingdom was ready to collaborate with OPEC and non-OPEC countries to attain market stability.
US Airstrikes Destroy ISIS’ Oil Infrastructure for the First Time
Yesterday (16 November), the United States A-10 warplanes and two AC-130 gunships for the first time hit trucks used by the Islamic State to smuggle
Gulf Refiners Put Off Maintenance in Anticipation of Weak Crude Prices in 2016
Gulf oil refiners are postponing some field maintenance until 2016 to keep output high and to decrease costs as analysts predict that the prices will
OPEC to Focus on Long-Term Mega Investment Projects
OPEC leaders privately admit that the US oil industry’s high-tech flexibility is a competitive advantage that will enable the country to respond quickly to the
Energy Firms Seizing the Opportunities Given by Crude Oversupply
Glencore Plc, a global integrated commodities producer and trader, has recently joined Vitol Group, the world’s largest independent oil trader, and hired tanks at the