Middle East

OPEC Unruffled by Oil Price Slide, Sees Market Rebound

OPEC is not worried about a slide in oil prices towards $100 a barrel, delegates from the producer group said, with current levels seen as acceptable for producers

NOC to Load First Oil in a Year from Es Sider

Libya is due to start loading its first crude oil tanker in a year from top port Es Sider on Tuesday following a year-long blockade by eastern federalists, a Libyan

Vopak Asia Contracts Ramco for HR Systems

Ramco Systems has  announced that it has been awarded a five-year contract from the Asia division of Vopak, the world’s largest independent tank storage provider,

Brent Crude Hits New 14-month Low

Brent crude oil shed nearly $2 a barrel to reach its lowest price in over a year on Monday as investor concerns over conflict in Ukraine and Iraq eased, and as

MOL Bought 80,000mt of Crude Oil from Kurdistan

Hungarian oil group MOL has bought 80,000 metric tons of crude from the regional government of Kurdistan in Iraq "at a market price", MOL Managing Director Szabolcs I.

Drug Busting Darwin Returns from Middle East

  The crew responsible for intercepting and destroying billions of dollars worth of narcotics, including the largest seizure of heroin in the history of the Combined Maritime Forces,

Kemp: Producers Look Away from Middle East

Following four decades of war, sanctions, nationalisation and unrest, oil and gas producers are gradually adjusting to rely less on the Middle East. The countries

Total Cuts Staff in Iraqi Kurdistan

French oil major Total said on Thursday it had reduced its personnel working in the autonomous Kurdistan region of Iraq, although work on the two oil blocks it operates continued as scheduled.

Israel-Palestinian Sea Feud Harms Gaza Fishermen

After hours casting their nets close to the Gaza shore, Palestinian fishermen sift through their catch in the dim dawn light, managing to scrape together a few piles of puny fish.

US Refineries Cease Purchase of Kurdish Oil

U.S. refiners will refrain from buying Kurdish crude oil until a long-running dispute between Baghdad and Iraqi Kurdistan is settled, while Washington urges both

Oil Hits 9-month Low on Ample Supply Despite Conflicts

Brent crude oil fell below $104 a barrel on Tuesday, its lowest level in nine months as steady supplies dispelled concerns over potential disruptions in producers such as Iraq and Libya.

LR Energy Wins New Nuclear Deal in Middle East

  Lloyd’s Register Energy together with Lightbridge Corporation has won a contract to support the Federal Authority for Nuclear Regulation (FANR) internal inspection

Brent Oil Falls Below $105 after US Iraq Air Strike

Brent crude oil fell below $105 a barrel on Friday, following U.S. air strikes in Iraq that analysts said might lower the risk of oil supply disruptions from OPEC's second-largest producer.

Oryx Suspends Drilling, Evacuates Iraqi Oilfields

Oryx Petroleum Corporation Ltd suspended drilling operations and evacuated staff from oilfields in Iraq's Kurdish region on Friday, as the United States launched

EnerMech Set for Growth in Middle East and Caspian

Halliburton Veteran Takes Up Key Director Role. EnerMech’s focus on strengthening its Middle East and Caspian business has been underlined with the appointment

Oil Edges up as Traders Worry about Supply from Iraq

Crude oil climbed on Thursday, rebounding from the lowest prices in months as the security situation in northern Iraq deteriorated, reviving concerns about supply disruptions.

Militia Clashes Spread Towards Zawiya Oil Port

Clashes in Libya spread from Tripoli to the western town of Zawiya near Tunisia's border, where a large oil port is located, killing four people over the last two days,

Chevron Pulling Staff from Iraqi Kurdistan

Chevron Corp said on Thursday it was evacuating staff from the Iraqi Kurdistan region as Islamic State militants pushed into the area. The company said it has

Exxon Evacuates Iraqi Kurdistan as Islamic State Advances

Exxonmobil Corp is evacuating staff from Iraq's autonomous Kurdistan region as the radical militants of the Islamic State advance towards its capital, an industry source said on Thursday.

Oil Above $105 After Islamic State Advance in Iraq

Brent crude oil rose above $105 a barrel on Thursday as the security situation deteriorated in northern Iraq and Islamist militants made gains against Kurdish forces,

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