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W.Asia

W.Asia
2018, October, 3, 08:40:00
IAEA - IRAN AGREEMENT
IAEA - The Agency’s verification activities in Iran are being carried out based on the Comprehensive Safeguards Agreement (CSA) concluded with Iran and the Additional Protocol, that Iran is provisionally implementing. In addition, the Agency is also carrying out verification and monitoring of Iran’s nuclear-related commitments under the Joint Comprehensive Plan of Action (JCPOA).
W.Asia
2018, October, 3, 08:35:00
UAE ECONOMY'S GROWTH
IMF - The UAE economy has been adapting well to a prolonged decline in oil prices since 2014. A gradual recovery in non-oil activity is under way. With oil production and government spending set to rise, overall growth is projected to strengthen to 2.9 percent this year and 3.7 percent next year. Inflation is projected at 3.5 percent this year owing to the introduction of the value-added tax and should ease afterwards. The fiscal deficit is expected to remain stable at about 1.6 percent of GDP this year and turn to a surplus next year. The current account surplus will exceed 7 percent of GDP this year.
W.Asia
2018, October, 1, 11:30:00
IRANIAN OIL FOR JAPAN UP 65%
PLATTS - Japan's crude oil imports from Iran jumped 65% year on year in August, marking the fourth consecutive month of increase, according to government trade data released Thursday.
W.Asia
2018, October, 1, 11:25:00
IRAN'S OIL FOR CHINA DOWN
REUTERS - China’s Sinopec Corp is halving loadings of crude oil from Iran this month, as the state refiner comes under intense pressure from Washington to comply with a U.S. ban on Iranian oil from November, said people with knowledge of the matter.
W.Asia
2018, October, 1, 11:20:00
IRANIAN OIL MONEY UP
SHANA - The National Iranian Oil Company (NIOC) CEO explicitly said his company, the sole producer of hydrocarbons in Iran, had no plans to reduce its output.
W.Asia
2018, September, 28, 09:55:00
QATAR EXPANDS LNG
TOGY - Qatar is seeking to expand its LNG capacity via the addition of four trains, targeting 110 million tonnes per year (tpy) by 2023.
W.Asia
2018, September, 26, 09:30:00
GAZPROM FOR AUSTRIA: +34.5%
GAZPROM - The parties discussed strategic cooperation, focusing on Russian gas exports. It was noted that, according to estimates, in the period from January 1 through September 23, 2018, Gazprom had delivered 7.8 billion cubic meters of gas to Austria, an increase of 34.5 per cent from the same period of last year.
W.Asia
2018, September, 26, 09:15:00
IRANIAN OIL EXPORTS DOWN
REUTERS - Exports of crude oil and condensates have declined by 0.8 million barrels a day (mbd) from April to September 2018, the IIF, which represents major banks and financial institutions from around the world, said.
W.Asia
2018, September, 26, 09:10:00
THREATS FOR IRANIAN OIL
SHANA - Iran’s OPEC governor Hossein Kazempour Ardebily said regarding the current market conditions and the production level of the producing countries in or outside of the Organization of the Petroleum Exporting Countries (OPEC), threats to bring Iran’s oil exports are not practical.
W.Asia
2018, September, 24, 15:30:00
BALANCED OIL MARKET
OPEC - The JMMC noted that, despite growing uncertainties surrounding market fundamentals, including the economy, demand and supply, the participating producing countries of the DoC continue to seek a balanced and sustainably stable global oil market, serving the interests of consumers, producers, the industry and the global economy at large. The Committee also expressed its satisfaction regarding the current oil market outlook, with an overall healthy balance between supply and demand.
W.Asia
2018, September, 24, 15:05:00
SAUDI ARAMCO WANTS +50%
ARAB NEWS - Saudi's Aramco Trading Company (ATC) expects to increase its oil trading volume to 6 million barrels per day (bpd) in 2020, 50 percent higher than current levels, the company's top official said on Monday.
W.Asia
2018, September, 21, 10:45:00
UNEXPECTED OIL PRICES
SHANA - What is common in oil market is that no price levels could be forecast for the future there. Only its unpredictability is predictable. Rarely may you find an expert to say with full certainty in which direction oil prices are headed.
W.Asia
2018, September, 21, 10:40:00
OIL MARKET UNCERTAINTY
PLATTS - 1.4 million b/d of Iranian oil supplies to leave the market by November, when the US sanctions go into force. Venezuela, which pumped 1.22 million b/d in August could see output fall to 1 million b/d in 2019. Politically unstable Libya also presents a supply risk.
W.Asia
2018, September, 21, 10:35:00
OPEC-NON-OPEC DECISIONS
SHANA - Iran’s Minister of Petroleum Bijan Zangeneh said the Joint OPEC/Non-OPEC Ministerial Monitoring Committee (JMMC) is not legally competent to make decisions about adjustment of production quotas.
W.Asia
2018, September, 21, 10:20:00
WORLD OIL DEMAND: 100.23 MBD
OPEC - Total oil demand for 2018 is now estimated at 98.82 mb/d. In 2019, world oil demand growth is forecast to rise by 1.41 mb/d. Total world oil demand in 2019 is now projected to surpass 100 mb/d for the first time and reach 100.23 mb/d.