Middle East
OPEC in no rush on deeper oil output cut, to look at in July
LONDON (Reuters) — OPEC will not rush into making a further cut in oil output or end some countries' exemptions to output limits, OPEC delegates said, although a meeting in Russia next month is likely to consider further steps to support the market.
Iraq's oil exports in June near May level, oil minister says
BASRA, Iraq (Reuters) — Iraq's oil exports from fields owned by the central government in Baghdad are at around 3.27 MMbpd so far in June, about the same level as in May, Oil Minister Jabar al-Luaibi said on Thursday.
Oil headed for weakest first-half performance in two decades
LONDON (Reuters) — Oil was mostly flat on Wednesday, after paring earlier losses, but was set for its biggest price drop in the first half of the year since 1997, a sign that investors are discounting evidence that major producers are sticking to a deal to cut output.
Egypt sends fuel for Gaza's only power plant as Hamas links thaw
GAZA (Reuters) — Egypt sent fuel on Wednesday to the Gaza Strip's only power plant to help alleviate an energy crisis that has left the Palestinian enclave's two million residents with less than 3 hr of electricity per day.
Car bomber dies in failed attack near Libya's Es Sider oil port
BENGHAZI (Reuters) — A car bomber blew himself up overnight in a failed attack near a security checkpoint outside the Libyan oil port of Es Sider, a security source and a witness said on Tuesday.
ADNOC opens fueling facility at Abu Dhabi International Airport
ABU DHABI — Abu Dhabi National Oil Company (ADNOC), with its subsidiary company ADNOC Distribution, hosted an official opening ceremony for its new “North Depot” aviation fuel facility at Abu Dhabi International Airport.
Emerson, Aramco sign agreement to collaborate on digital transformation
RIYADH, Saudi Arabia – Emerson signed a Memorandum of Understanding (MoU) with Saudi Aramco during the recently held Saudi-US CEO Forum in Riyadh. The agreement signed by David N. Farr, Emerson’s chairman and chief executive officer and Amin H. Nasser, Saudi Aramco President and CEO, will help bring advanced digitization and automation technologies to one of the leading energy and chemicals companies.
Strike ends at Israeli oil refinery Paz
TEL AVIV (Reuters) — Workers at Israel's Paz Oil on Monday ended their strike that had shut down the refinery in the city of Ashdod after labor and management agreed in principle to a new collective labor contract.
Crude oil, fuel shipping costs from Qatar set to rise on port ban
SINGAPORE (Reuters) — The costs to ship fuel and crude oil from Qatar are expected to rise after the United Arab Emirates banned vessels that previously called at Qatar from docking at UAE ports, multiple sources from the oil and shipping sectors said on Monday.
Oil comeback for cut-exempt producers threatens to swamp OPEC
LONDON (Reuters) — OPEC's battle against an oil glut is under threat as unsold crude from members Nigeria and Libya, which are exempt from a global production-cutting deal, is swamping the Atlantic Basin.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
