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Iraqi crude oil exports 3.6 million barrels per day in August 2019

Iraqi crude oil exports raised to 3.6 million barrels per day in August 2019, from 3.56 million bpd the July, the oil ministry said in a statement.   Exports from the southern Basra terminals...

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Iraqi Oil Minister: Restructuring the energy sector in general

Prime Minister for Energy Affairs and Iraqi Oil Minister (Thamer Ghadhban) stressed his country’s keenness to develop the energy sector in Iraq according to the latest scientific programs and...

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Saudi Arabia to separate industry and mineral wealth from the Ministry of Energy

Through recent royal orders aiming at dividing the tasks and focus on developing the Saudi economy, Saudi Arabia announced the independence of the energy sector in the ministry from the industry and...

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Following the attacks on Saudi oil installations, the IEA reassures oil markets about supplies

  The Director General of the International Energy Agency (IEA), Fatih Birol, welcomed the statement of Saudi Energy Minister Prince Abdulaziz bin Salman on the return of Saudi oil supplies to...

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UAE oil exports rebound to 3.01 million B/D

The UAE’s exports of crude oil and condensates increased in August 2019, with shipments reaching 3.01 million barrels per day compared with 2.71 million bpd in July, Bloomberg News...

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Oil prices are falling due to trade disputes between Washington and Beijing

According to Reuters, oil prices fell after the start of new tariffs imposed by the United States and China, raising fears that this will adversely affect the global growth and reduce the demand for...

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Iraqi crude oil exports 3.6 million barrels per day in August 2019

Iraqi crude oil exports raised to 3.6 million barrels per day in August 2019, from 3.56 million bpd the July, the oil ministry said in a statement. Exports from the southern Basra terminals reached...

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Gazprom reports a fall in non-CIS gas exports

Russian state gas producer Gazprom reported a 4.5% fall in January-August natural gas exports outside the former Soviet Union to 127.3 billion cubic metres (bcm). Gazprom output over the same period...

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Saudi Arabia appoints Yasser Al-Rumayyan as president of Aramco

Saudi Arabia has named Yasir al-Rumayyan, head of the kingdom’s sovereign wealth fund, known as the PIF, as chairman of Aramco, replacing Energy Minister Khalid al-Falih, as the state oil giant...

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The International Energy Agency cuts its estimates for global oil demand growth in 2019 and 2020

Amid growing signs of an economic slowdown that has reduced consumption growth to low levels; the International Energy Agency (IEA) lowered its estimate of global oil demand growth in 2019 by 100,000...

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