Middle East
Iraq to divert most Kirkuk oilfield output to Iraqi refineries, says official
BAGHDAD (Reuters) — Iraq is preparing to divert most future output from Kirkuk oilfield to local refineries as a conflict with Kurdish regional authorities over the use of an export pipeline to Turkey continues, an Iraqi official said on Monday.
Iran pushes to retain Asia oil buyers as possible US sanctions loom
SINGAPORE (Reuters) — Iran is pushing to retain customers for its oil in Asia, hoping that price reductions will boost the appeal of its crude compared with other Middle Eastern supply even as the potential threat of further US sanctions on the country looms.
US crude extends rally to $58, first time since 2015
LONDON (Reuters) — Oil extended gains on Wednesday, with US crude hitting $58/bbl for the first time since July 2015 as a major pipeline cut Canadian crude flows to the United States, where inventories are expected to have fallen further.
Iran has exported 4.26 MMbbl of oil from South Pars since March
BEIRUT (Reuters) — Iran has exported about 4.26 MMbbl of oil from South Pars to international destinations since the beginning of the Iranian calendar year, which began in late March, Fardin Asadi, the manager for development of oil layers at South Pars, said on Sunday, according to the Iranian Students’ News Agency (ISNA).
Oil climbs, but still set for first weekly fall in six
LONDON (Reuters) — Oil prices climbed on Friday but were still heading for their first week of losses in six, weighed down by Russian hesitation for extending a global pact to cut output and curb oversupply.
Middle East, US crude oil curbs Indian appetite for African supplies
NEW DELHI (Reuters) — India's imports of African crude oil in October plunged to their lowest in over four years, with the world's No.3 oil consumer increasingly turning to cheaper supplies from the United States and heavier Middle Eastern grades, ship tracking data showed.
Saudi energy minister: Market to remain oversupplied by March 2018
BONN, Germany (Reuters) — The world will still have a surplus of oil by end-March next year, Saudi Arabia's energy minister said on Thursday, signaling a willingness to extend output cuts when OPEC meets at the end of November on whether to extend caps well into 2018.
Turkish, Iraqi officials discuss resuming Kirkuk oil exports
BAGHDAD (Reuters) — A Turkish energy delegation has met with Iraqi top oil officials in Baghdad to discuss issues including the resumption of Kirkuk oil exports via the Turkish port of Ceyhan, Iraq's oil ministry said in a statement on Thursday.
ADIPEC ’17: Energy sector overtaking finance as cyber-crime target in Middle East
ABU DHABI, UAE — Energy is overtaking banking and finance as a target for cyber-criminals in the Middle East, yet companies in the sector are leaving themselves significantly more open to a successful attack, leading international experts have told the Security in Energy conference in Abu Dhabi.
S.Korea's Oct crude oil imports from Iran down 9.5% on-month
SEOUL (Reuters) — South Korea's imports of Iranian crude oil fell 9.5% in October from the previous month as the Middle Eastern country cut crude and condensate exports to Asia due to production setbacks.
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