Middle East
Asia oil markets eye Kuwait Al Zour's exports as final CDU starts up
Oil markets in Asia are bracing for further growth in exports from Kuwait's newest Al Zour refinery as the complex started up its third and final crude distillation unit this week, with trade sources saying the full impact was likely to be felt later in the third quarter as it ramps up operation.
Iran seizes tanker with 900 tons of 'smuggled fuel'
Iran's Revolutionary Guards seized a tanker holding 900 metric tons of "smuggled fuel" and 12 crew members based on a court order, a report by the semi-official Fars news agency said.
Kuwait's KIPIC says al-Zour refinery distillation unit 21 online
Kuwait Integrated Petroleum Industries Company’s distillation unit 21 at the al-Zour refinery has come online.
Kuwait hopes to have higher oil production quota as country ramps up capacity
Kuwait's oil minister said that his country hopes to have a higher oil production quota when it ramps up capacity, and that Kuwait remains committed to OPEC decisions.
Power supply returning to Kazakhstan oil refinery, pipeline after outage
Power supply is returning in Kazakhstan after a significant outage affected an oil refinery, major oilfields and the CPC export pipeline, the Central Asian nation's energy ministry said.
Atyrau oil refinery in Kazakhstan halted due to power outage
The Atyrau oil refinery in western Kazakhstan was completely halted due to power outage.
Kuwait's KIPIC puts out fire at al-Zour refinery
Kuwait Integrated Petroleum Industries Company put out a fire at the al-Zour refinery without any reported injuries, a company spokesperson said.
Is oil market’s glass half full or half empty?
Global petroleum prices appear reasonable given the level of inventories – to the frustration of the producers who would like them to be significantly higher.
Oil heads for fourth straight quarterly decline
Oil prices rose above $75 a barrel but were on course for a fourth consecutive quarter of losses amid concerns over sluggish global economic activity and fuel demand.
Fashion industry driving demand for green shipping, Maersk says
Fashion brands are a key driver of demand for green shipping fuels, according to shipping group Maersk, as the sector faces pressure from consumers and regulators to reduce their climate footprint.
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