Middle East
Saudi Aramco sees 'sound' oil outlook for H2 on China, India demand
Saudi Aramco believes market fundamentals remain "sound" for the second half as demand from emerging markets led by China and India will offset recession risk in developed markets, CEO Amin Nasser told an industry gathering.
Iran's oil exports hit 5-year highs as U.S. holds nuclear talks
Iran's crude exports and oil output have hit new highs in 2023 despite U.S. sanctions, according to consultants, shipping data and a source familiar with the matter, adding to global supply when other producers are limiting output.
Kuwait's KPC sees good oil demand from China in H2
Kuwait Petroleum Corporation sees continued good demand for oil from China in the second half of the year, its chief executive said, speaking to Reuters as part of a podcast series hosted by the Al Attiyah Foundation.
Iran, Venezuela eye trade increase, sign petrochemical deal
Iran and Venezuela want to increase bilateral trade to $20 B, up from $3 B, Iranian President Ebrahim Raisi said during a visit to Caracas.
China's Unipec boosts Oman crude sales, caps oil prices despite Saudi cuts
China's Unipec, the trading arm of top Asian refiner Sinopec, has emerged as a major seller of August-loading Oman crude, a move that has helped to cap benchmark prices despite Saudi Arabia's plans to cut output next month.
The sustainable aviation fuel entrepreneurs poised for takeoff
Sustainable aviation fuel had a bumper year in 2022, with production soaring to at least 300 million liters, up 200% on the previous year, according to the International Air Transport Association.
Airlines urge co-operation to help curb emissions
Airlines called for co-operation on a broad front to reach "very tough" emission targets and pledged at the end of a three-day summit to release interim climate targets next year.
Oil prices steady as economic fears offset Saudi output cut
Oil prices were little changed after erasing earlier losses as worries over sluggish global economic growth that could reduce energy demand offset Saudi Arabia's pledge to deepen output cuts.
Saudi Arabia's 'icing on the cake' oil cut could feed U.S. producers
Saudi Arabia has crafted a complex OPEC+ deal with a view to punishing investors that have bet on falling oil prices but could inadvertently lend long-term support to the rival U.S. energy industry, OPEC+ insiders and market watchers said.
Russia fully enforces its oil output cuts
Russian is fulfilling its oil output cut obligations, Russian Deputy Prime Minister Alexander Novak told Rossiya-24 TV channel following a meeting of the OPEC+ group of leading oil producers.
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