Reuters cited Mr Abdul Kareem Luaibi oil minister of Iraq as saying that top oil trader Vitol has apologised to the Iraqi government for buying Kurdish oil that was exported via Turkey without Baghdad's permission. Baghdad is in dispute ...
Latest data from the Paris based International Energy Agency showed that the UAE, on average, produced 2.67 million barrels per day in October 0.74% lower than its output in September. IEA said that in the Q1 of 2013, increased ...
OPEC kingpin Saudi Arabia has told OPEC it pumped 9.492 million b/d of crude in November, a drop of 232,000 b/d from the 9.724 million b/d it gave as its October output and 181,000 b/d lower than the 9.673 million b/d estimate of Saudi ...
Tags: OPEC, Saudi Arabia, crude oil, energy
According to a Reuters survey, Iran posted increases in its oil output in November. Iranian supply has risen by 40,000 barrels per day to 2.71 million barrels per day. Sources in the survey said that a resumption in sales to South Korea ...
Tags: steel scrap price, iron ore price news, buy steel pipe, high carbon steel
(i)Policy and Administrative Rules Catalogue of Related Laws Foreign Trade Law of the People's Republic of China Customs Law of the People's Republic of China Law of the People's Republic of China on Import and Export Commodity ...
Tags: Hebei province, survey, economy, investment
IRNA reported that Mr Hashem Namvar MD of Bandar Abbas Refinery Company said that company's crude oil refining capacity has increased 30,000 barrels per day. Mr Namvar reiterated that "Earlier the production capacity of this refinery was ...
Tags: crude oil refining capacity, Bandar Abbas Refinery, gas oil, tar
Zouheir Tawil,director of Tawil Group,has responded to our questions and expressed his views on the current state of the scrap markets. Could you share with us your average business volumes in the markets in which you operate? With the ...
Tags: Zouheir Tawil, Tawil Group, SteelOrbis, scrap markets
MNA cited Mr Rostam Qasemi oil minister Iran as saying that Iran has the capacity to raise its oil production to over 5 million barrels per day by the early 2016. Mr Qasemi said that at present, 4 million barrels of oil and 600 million ...
Tags: steel scrap price, iron ore price news, buy steel pipe, high carbon steel
AFP reported that Sri Lanka will purchase oil from Iraq after the United States imposed new sanctions on Iran, the island's main supplier of crude oil. The US Senate unanimously approved new economic sanctions Friday aimed at further ...
Tags: crude oil, Sri Lanka, Iraq, new sanctions
Indian Times reported that Essar Oil, one of the key Indian clients of Iran, imported about 30% more oil from the nation in October compared with September and made rare purchases of Oriente grade from Ecuador. Essar has renewed its term ...
Tags: oil heating prices, crude oil futures, oil delivery, petroleum oil
New mega projects will boost the UAE's investment in the petrochemicals industry to nearly USD 12 billion by 2015 to maintain its position as a major global producer of the gas based substance. According to official data, the investments ...
Tags: Chemical Investment, petrochemicals industry, gas based substance
Petrofac has secured two contracts valued at USD 1.4 billion for the engineering, procurement and construction of a refinery and associated terminal in Saudi Arabia. The contracts were awarded by Saudi Aramco, a Saudi Arabia based oil and ...
Tags: engineering procurement, construction, oil
Arab News cited Mr Abdullah Al Badri secretary general of OPEC as saying that ahead of the oil exporting group's meeting in Vienna next week. The market is comfortable as I see it at this time. OPEC is expected to stick with an output ...
Tags: oil exporting, OPEC, global economy, energy demand
Turkey's crude oil imports from Iran fell more than 30% to 75,281 barrels per day in October from September as substitute oil from other suppliers including Iraq and Saudi Arabia rose more. Iraq was Turkey's biggest crude supplier in ...
Tags: crude oil futures, oil heating prices, oil gas industries, oil suppliers
Finnish retailer S Group has booked higher half-year profits on the back of improved sales. S Group today (16 August) reported a 2.9% increase in first-half profit to EUR80.6m (US$99.6m). Retail sales were up 5.8% to EUR5.84bn. The ...
Tags: S Group, half year profits, sales, food company