Middle East
Saudi Arabia hikes gasoline prices
DUBAI (Reuters) — Saudi Arabia was set to raise local gasoline prices on Monday, state news agency SPA reported.
Libya needs a week to repair blown-up oil pipeline
TRIPOLI/BENGHAZI, Libya (Reuters) — A Libyan crude oil pipeline blown up on Tuesday will take about a week to repair, the head of state oil firm NOC told Reuters on Wednesday.
Oil falls from 2015 highs as rally runs out of steam
CALGARY, Alberta (Reuters) — Oil prices dipped on Wednesday after hitting a near two-and-a-half year high in the previous session as a rally fueled by supply outages in Libya and the North Sea ran out of momentum.
Oil slips towards $65 as Forties pipeline moves closer to restart
LONDON (Reuters) — Oil edged lower towards $65/bbl on Tuesday, but remained within sight of its highest level since mid-2015, as the looming restart of a North Sea oil pipeline offset support from OPEC-led supply cuts.
Iraq invites bids to build new Kirkuk export pipeline
BAGHDAD (Reuters) — Iraq has given foreign energy companies a month to signal their interest in building a new export pipeline from the Kirkuk oilfields in the north of the country.
Oil dips from highs but OPEC cuts still support market
SINGAPORE/LONDON (Reuters) — Oil prices dipped on Friday but stayed near their highest levels since 2015 on pledges from OPEC leader Saudi Arabia and non-OPEC Russia that any exit from crude output cuts would be gradual.
OPEC starts working on oil supply cut exit strategy
LONDON/DUBAI (Reuters) — OPEC has started working on plans for an exit strategy from its deal to cut supplies with non-member producers, two OPEC sources said, a sign that an eventual winding down of the deal is coming onto producers' radar, at least in theory.
SABIC PP extrusion line now operational in The Netherlands
SABIC, a global leader in the chemical industry announced the start-up of its new Polypropylene (PP) extrusion facility in Geleen, The Netherlands.
Oil rises on UK pipeline outage but US supply caps gains
LONDON (Reuters) — Oil edged up towards $64/bbl on Tuesday, helped by a North Sea pipeline outage, OPEC-led supply cuts and jitters about threats to Middle East supplies after a missile was fired by a Yemeni group at the Saudi capital.
Iraq plans oil pipeline network to cover all its territory
BAGHDAD (Reuters) — Iraq plans to build a pipeline network to carry oil products across all its territory as an alternative to expensive and hazardous transport by tanker truck, Oil Minister Jabar al-Luaibi said on Saturday.
- Iran's Revolutionary Guards say they targeted petrochemical facilities in the Gulf 4/6
- Damietta Green Ammonia completes pre-FEED for $873-MM, 150,000-tpy green ammonia facility 4/6
- EIB and Eni sign €500-MM in financing for new biorefinery in Sannazzaro de’ Burgondi 4/6
- Petrobras delivers LPG sold at steep premiums despite Lula move to annul auction 4/3
- Plug Power to supply 275-MW GenEco electrolyzer system for Hy2gen’s Courant decarbonized ammonium nitrate project 4/3
- Vietnam refinery boosting jet fuel production 4/3
