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W.Asia

W.Asia
2018, May, 10, 13:10:00
OIL MARKET STABILITY
PLATTS - Saudi Arabia's energy minister Khalid al-Falih said Wednesday that the country would work closely with OPEC as well as non-OPEC producers to mitigate the impact of any shortages that might arise following the US' decision to withdraw from the Iran nuclear deal.
W.Asia
2018, May, 8, 10:45:00
SAUDIS DEFICIT $9.15 BLN
REUTERS - Saudi Arabia’s first quarter budget deficit stood at 34.3 billion Saudi riyals ($9.15 billion), around 18 percent of the total gap forecast for 2018, the finance ministry said
W.Asia
2018, May, 8, 10:40:00
BP - IRAQ AGREEMENT
REUTERS - Iraq’s state-run North Oil Company signed an agreement with BP on Monday to triple output from the Kirkuk fields in the north of the country, Oil Minister Jabar al-Luaibi said.
W.Asia
2018, May, 7, 08:35:00
IRAN NEEDS REASONABLE PRICE
SHANA - Iranian Minister of Petroleum Bijan Zangeneh said Tehran preferred "reasonable" price for crude oil in a bid to avoid market instability.
W.Asia
2018, May, 7, 08:30:00
IRAN'S OIL EXPORTS 2.17 MBD
SHANA - The CEO of the National Iranian Oil Company (NIOC) said the country’s crude oil export stood at average 2.170 million barrels per day (mb/d) over the course of the previous Iranian calendar year of 1396 which ended on March 20.
W.Asia
2018, May, 7, 08:20:00
ROSNEFT - QATAR DEAL
REUTERS - Qatar is taking a nearly 19 percent stake in Rosneft (ROSN.MM), rescuing the Russian oil major from its stalled deal to sell a major stake to China’s CEFC.
W.Asia
2018, May, 4, 15:30:00
SAUDIS NEED $88
BLOOMBERG - The IMF bolstered its estimate for the oil price the kingdom needs to balance the national budget this year to $88 a barrel, 26 percent more than an assessment made in October.
W.Asia
2018, May, 2, 13:30:00
SAUDIS NEED $85
REUTERS - Saudi Arabia has projected a budget deficit of 195 billion riyals ($52 billion) in 2018, or 7.3 percent of GDP, down from 230 billion riyals last year. It plans to balance the budget by 2023.
W.Asia
2018, May, 2, 13:20:00
SAUDIS OIL FOR JAPAN UP 3.4%
PLATTS - Japanese imports of crude oil from Saudi Arabia in March rose 3.4% month on month to an average of 1.29 million b/d, preliminary data from the Ministry of Economy, Trade and Industry released Friday showed.
W.Asia
2018, April, 27, 10:45:00
BAHRAIN'S NEW OIL
AOG - Bahrain, recently announced that it had unearthed around 80 billion barrels of unconventional oil and up to 20 trillion cubic feet of tight gas off its west coast. The discovery could potentially transform the island state’s reserves which currently total well under 200 million barrels.
W.Asia
2018, April, 25, 10:05:00
IRAN'S OIL EXPORTS: 2.5 MBD
SHANA - Iranian Minister of Petroleum Bijan Zangeneh says Iran is currently exporting upwards of 2.5 million barrels per day of crude oil and gas condensate (ultra-light form of crude).
W.Asia
2018, April, 25, 10:00:00
IRAN'S GAS PRODUCTION: 250 BCM
SHANA - A senior Iranian gas official said the country’s natural gas exports will cross 60 million cubic meter per day by the end of the current Iranian calendar to March 20 2019.
W.Asia
2018, April, 25, 09:55:00
ASIA'S LNG DEMAND
REUTERS - global liquefied natural gas (LNG) imports have risen 40 percent since 2015, to almost 40 billion cubic meters (bcm) a month. Growth accelerated in 2017, with imports up by a fifth, largely because of rising demand in China, but also in South Korea and Japan.
W.Asia
2018, April, 20, 09:00:00
IRAN NEED NEW MARKETS
SHANA - The CEO of the Iranian Gas Commercial Company (IGCC) said his company, as the sole exporter of gas products in Iran, is currently seeking new markets for exporting liquefied petroleum gas (LPG).
W.Asia
2018, April, 18, 13:12:00
RUSSIA - OPEC DIMENSION
PLATTS - Russia is committed to its OPEC pact with Saudi Arabia and will continue supplying Europe energy despite tensions with the West after US-led strikes on Bashar al-Assad's Syrian regime, said Vladimir Putin's spokesman.