Tension in Iraq have re-introduced the “fear premium” into oil price
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KSA overtaken by US as largest oil producer
The US has overtaken Saudi Arabia as the world’s largest oil producer.
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Saudi Aramco takes $1.95bn stake in S Oil
Aramco will increase its stake in S-Oil to 63.4%
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Libyan rebels agree to open 2 remaining oil ports
Reopening the ports would free up 500,000bpd of export capacity
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NISOC to produce over 3 million bpd of oil
National Iranian South Oilfields Company will produce 3million bpd.
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Jordanian oil shale project gets thumbs up
Jordans Council of Ministers approved oil shale project agreements.
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China records first year-on-year oil demand fall
Oil demand in China reaches lowest point in nine months
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Lukoil hits 120,000bpd target at West Qurna 2
Lukoil averaged production in excess of 120,000 bpd over 90 days
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Four oil storage tanks set for completion in Iran
Iran’s Kharg oil terminal storage tanks are set for completion.
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Foreign oil workers return to In Ameans
Sonatrach employees return to Algerian gas facility