Analysts expect that Brazil and Iraq will have to make major downward revisions to their oil production targets, which could in the end lead to
Category: Mena
Saudi Arabia Might Postpone the Closure of Jeddah Refinery
Saudi Arabia’s state-oil giant Aramco is pondering whether to close its oil refinery in Jeddah due to age and environmental issues. The refinery, which started
Libya Struggling to Increase Oil Output
Libya, home to Africa’s largest oil reserves, is struggling to increase its output from the current daily production of 432,000 barrels. Mustafa Sanallah, chairman of
Saudi Arabia Says Higher Oil Production Driven by Demand
Saudi Arabia announced yesterday (9 June) that its increasing production over the last three months has been the result of a rising global demand. The
Russia vs. OPEC: Battle for Market Share and Oil Production
In the wake of an OPEC meeting next week, a Russian think tank has revealed that the Russian government was warned not to cut its
Saudis Refuse China’s Requests for More Oil
Saudi Arabia and other OPEC members have begun to turn down Chinese requests for oil as they keep crude in their storage facilities and refineries
Saudi Arabia Looks to China as U.S. Imports Fall
Saudi Arabia’s crude exports to the United States have recently hit their lowest level since the beginning of the financial crisis due to increasing imports
Oil Prices Hit a 2015 High as Libyan Production Declines
On Tuesday (5 May), oil prices hit their highest level this year, which was possible due to the declining output in Libya and the disruptions
Libya Shuts down Its El Feel Oilfield Due to Strike over Salaries
Libya had to close down the western El Feel oilfield on Saturday (April 25), due to the strike of the country’s security guards over salary.
Saudi Arabia Curbs Oil Supply to Asian Customers
Saudi Arabia has decreased its oil exports to some of its Asian customers, mostly to South Korea and Japan since last month. The decision to