Middle East
Egypt gasoline consumption fell 4.2% in July–Sept
CAIRO (Reuters) — Gasoline consumption in Egypt fell by 4.2% and diesel consumption by 7.1% in the first quarter of the 2017–2018 fiscal year, which began in July, the oil minister said.
Oil flat, erases gains as US crude draw shy of API report
NEW YORK (Reuters) — Oil prices were steady in see-saw trade on Wednesday, hitting their highest since mid-2015 and then retreating after US government data showed that the latest weekly draw in domestic crude stocks was not as big as an industry trade group had reported.
Asian imports of Iranian oil hit highest in 6 mos
TOKYO (Reuters) — Imports of Iranian crude by major buyers in Asia rose in September for a third straight month to their highest since March, boosted by a surge in purchases in China and South Korea.
Jordan Petroleum Refinery Company selects KBR VCC technology
HOUSTON — KBR, Inc. announced it has entered into an Engineering agreement for the residue hydroprocessing unit at the Jordan Petroleum Refinery (JPRC) Expansion Project.
Crown Prince: Saudi Arabia ready to extend oil output cut deal
KHOBAR, Saudi Arabia (Reuters) — Crown Prince Mohammed bin Salman on Saturday reiterated Saudi Arabia's readiness to support the extension of a global oil production cut agreement.
Iraq boosts southern ports oil export capacity to 4.6 MMbpd
BAGHDAD (Reuters) — Iraq has increased oil export capacity from its southern ports by 900,000 bpd to 4.6 MMbpd after adding a new floating terminal in the Gulf, Oil Minister Jabar al-Luaibi said in a ministry statement.
Fire at Tehran oil refinery kills six
ANKARA (Reuters) — A fire at an Iranian oil refinery in Tehran's Shar-e Rey district killed six workers and injured two others on Friday but firefighters have brought it under control, state TV reported.
Saudi Aramco subsidiary to buy stake in Rotterdam terminal
RIYADH (Reuters) — Saudi Aramco Overseas Company (AOC), a subsidiary of Saudi Aramco, has entered into an arrangement to buy a stake in a Rotterdam terminal from commodities trader Gunvor, the company said on Thursday.
Oil eases but still near four-week highs after Saudi supply pledge
LONDON (Reuters) — Oil steadied on Wednesday near a four-week high after top exporter Saudi Arabia said it was determined to end a supply glut that has been weighing on the market for 3 yr.
Petronas, Aramco seeking $8 B for Malaysian project
KUALA LUMPUR (Reuters) — Malaysian state energy firm Petronas and Saudi Aramco are seeking to raise $8 B for a refinery and petrochemical complex via a bridge loan, Project Finance International (PFI) reported on Wednesday.
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- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
