Saudi Arabia posts record production figures for July

Saudi Arabia increased its production levels from 10.55 million barrels per day in June to 10.67 million bpd in July, according to...

Yemen restarts production at key oilfield

Yemen previously averaged production of 127,000 barrels per day in 2014, but production levels have dwindled to just 44,000...

Kuwait cuts fuel subsidies

The price of premium grade 95 petrol will increase by 83 per cent, while lower octane 91 grade fuel will increase by 42 per cent...

OPEC president predicts higher oil demand in Q3/Q4

Al Sada stated that since February the oil price had experienced a steady improvement following a decline in crude oil production,...

Iran to strengthen collaboration with Azerbaijan on Caspian projects

President Rouhani is in Baku for a two day state visit to discuss energy projects between Iran and Azerbaijan.

Libya to boost export capacity at key port

Es Sider has been closed for a prolonged period as a series of strikes left the country’s biggest port idle. This was followed by...

GMS awarded contract by MENA NOC

The contract, scheduled to commence immediately, is for 12 months including options, with the vessel supporting a MENA-based...

Iran ratifies IPC terms

The IPC Regulation still needs to be approved by Iran's parliament, but the risk of a reversal at this stage is unlikely.

DNO to make $300m Gulf Keystone Petroleum bid

The terms of the DNO proposal, which would comprise cash and shares, reflects a 20 per cent premium to the share price of...

Kurdish oil production averaged 451,000 bpd in July

Total production for the month of July was in excess of 14 million barrels of oil, according to the KRG's Ministry of Oil and...