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W.Asia

W.Asia
2018, December, 10, 08:35:00
AUSTRALIA: THE BIGGEST LNG
REUTERS - Australia overtook Qatar as the world’s largest exporter of liquefied natural gas (LNG) for the first time in November, data from Refinitiv Eikon showed on Monday.
W.Asia
2018, December, 10, 08:15:00
ADNOC INCREASES VALUE
ADNOC - The Abu Dhabi National Oil Company (ADNOC) has announced its successful collaboration with IBM, piloting a Blockchain-based automated system to integrate oil and gas production across the full value chain.
W.Asia
2018, December, 7, 08:30:00
RUSSIA - SAUDIS PACT
WSJ - Russia and Saudi Arabia have agreed to extend OPEC’s efforts to stabilize oil markets, Russian President Vladimir Putin said over the weekend, as the broader coalition of producers inches closer to a deal this week.
W.Asia
2018, December, 7, 08:20:00
IRANIAN OIL PRICE: $60 - $70
SHANA - Asked about potential OPEC production cuts, Mr. Zangeneh said, “Different figures are proposed and we must wait and see what decision OPEC members will make.” He also said that $60 to $70 dollars per barrel would be reasonable for crude oil.
W.Asia
2018, December, 5, 09:50:00
IRAQI OIL EXPORTS DOWN TO 3.372 MBD
PLATTS - Federal Iraq's crude oil exports fell to 3.372 million b/d in November, the lowest since April this year, as loadings were affected by rough weather, according to a statement from the oil ministry released over the weekend.
W.Asia
2018, December, 3, 12:00:00
QATAR CANCELED IN OPEC
REUTERS - “Qatar has decided to withdraw its membership from OPEC effective January 2019 and this decision was communicated to OPEC this morning,” the minister said.
W.Asia
2018, November, 28, 12:10:00
SAUDI ARAMCO INVESTMENT $150 BLN
REUTERS - Saudi Aramco’s gas expansion strategy needs $150 billion worth of investments over the next decade as the company plans to increase output and become an exporter, its chief executive said on Tuesday.
W.Asia
2018, November, 26, 13:35:00
SAUDIS OIL UP TO 11 MBD
REUTERS - Saudi Arabia’s crude oil production has hit an all-time high in November of about 11.1-11.3 million barrels per day (bpd), an industry source familiar with the matter told Reuters on Monday.
W.Asia
2018, November, 26, 13:20:00
IRANIAN CHANGES: TOTAL - CNPC: $4 BLN
IRNA - Iranian Petroleum Minister Bijan Zangeneh referred to Total withdrawal from South Pars phase 11 saying Chinese company CNPC replaced the French company.
W.Asia
2018, November, 22, 11:20:00
SAUDIS OIL RECORD: 10.9 MBD
BLOOMBERG - Saudi Arabian oil production surged to a record near 11 million barrels a day this month after the kingdom received stronger-than-usual demand from clients preparing for a disruption in Iranian supplies, according to industry executives who track Saudi output.
W.Asia
2018, November, 19, 11:35:00
IRAN, RUSSIA OPPORTUNITIES
NGW - Although US secondary sanctions against Iran’s petroleum sector resumed on November 5, Russia will most likely defy them by continuing to invest in Iran’s natural gas sector. Russia may also seek to influence the flow of Iran’s natural gas into the European market, where it could undermine Russia’s political-economic interests if not coordinated with Moscow.
W.Asia
2018, November, 19, 11:05:00
SAUDIS, PAKISTAN INVESTMENT: $6 BLN
ARAB NEWS - Saudi Arabia has shown investment interest in Pakistan’s largest coastal refinery, a multibillion-dollar project being set up at Khalifa Point, near Hub, Balochistan, officials have confirmed.
W.Asia
2018, November, 16, 09:30:00
SAUDIS ARE ANGRY
REUTERS - “The Saudis are very angry at Trump. They don’t trust him any more and feel very strongly about a cut. They had no heads-up about the waivers,” said one senior source briefed on Saudi energy policies.
W.Asia
2018, November, 16, 09:25:00
RUSSIA, OPEC COOPERATION
PLATTS - "It is obvious that we need to cooperate with Saudi Arabia, and we are going to cooperate with Saudi Arabia. OPEC plus has been very positive, and we see that in the market situation," Putin told reporters in Singapore during a briefing broadcast on Russia 24.
W.Asia
2018, November, 14, 12:15:00
OIL MARKET UNCERTAINTY
CNBC - Saudi Arabia, OPEC's biggest producer and the world's top crude exporter, intends to cut shipments by 500,000 barrels a day in December, Khalid al Falih, the country's energy minister said on Sunday. Russian Energy Minister Alexander Novak said on Sunday he wasn't convinced the oil market would be oversupplied in 2019. Russia is the world's second biggest oil producer after the United States and, along with Saudi Arabia, plays an influential role in the oil alliance.