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Oman crude oil averages $72.64/b in August
(Oman Daily Observer - 18/09/2018)

The average price for Oman Crude Oil Future Contracts at the Dubai Mercantile Exchange (DME) witnessed a price drop by 0.7 per cent in August, compared with corresponding figures for July, according the monthly report of the Ministry of Oil and Gas

Upside risk for Brent to rise above $85 due to Iran sanctions
(Gulf News - 17/09/2018)

Brent, the international benchmark for crude oil, could to rise above $85 (Dh312) per barrel in the coming months due to a combination of US sanctions on Iran and a potential Opec supply crunch, analysts say.<br/><br/> West Texas Intermediate (WTI), the

Qatar begins regular LNG shipments to Bangladesh
(The Peninsula - 11/09/2018)

Qatar has begun regular shipments of liquefied natural gas (LNG) to Bangladesh. An LNG cargo loaded over the weekend from Qatar’s RasGas production facility and will be the first of about three 140,000 cubic-metre cargoes to arrive each month at

Saudi Arabia raises Oct crude prices to Europe, cuts Asia
(Arab News - 06/09/2018)

Saudi Aramco has raised the European price for its Arab Light crude grade for October, the state oil producer said on Wednesday, as Russian Urals prices rally and European refiners seek to replace Iranian oil supplies ahead of the November US sanctions

Brent nears $80 as Gulf of Mexico rigs evacuated
(Gulf News - 05/09/2018)

Brent crude prices jumped to near $80 per barrel on Tuesday after the evacuation of two Gulf of Mexico oil platforms in preparation for a hurricane. US light crude rose $1.31 a barrel from Friday’s close to a peak of $71.11 (Dh261), its highest since

PDO seeks nod to boost crude output to 680,000 bpd
(Oman Daily Observer - 05/09/2018)

Petroleum Development Oman (PDO) says it plans to ramp up crude production in the coming years to 680,000 barrels per day (bpd), up from the current level of just over 600,000 bpd. The company’s Managing Director, Raoul Restucci (pictured), said the new

Oil to remain in $70 – 80/b range this year: Rumhy
(Oman Daily Observer - 04/09/2018)

Dr Mohammed bin Hamad al Rumhy, Minister of Oil & Gas, has said he is optimistic that international oil prices will remain within the $70-$80 per barrel range over the rest of the year, notwithstanding concerns stemming from geo-political tensions,

Saudi oil revenues set to hit $161bn: report
(Trade Arabia - 03/09/2018)

Saudi Arabia's oil revenue is expected to reach SR605 billion ($161.36 billion) against budgeted SR492 billion this year as the kingdom witnesses a continuous improvement in the economy, an Al-Rajhi Capital research report said. <br/><br/> With budgeted

OPEC August oil output tops 2018 high: Poll
(Saudi Gazette - 02/09/2018)

OPEC oil output has risen this month to a 2018 high as Libyan production recovered and Iraq's southern exports hit a record, a Reuters survey found, although a cut in Iranian shipments due to US sanctions limited the increase.<br/><br/> The 15-member

Heavy oil key to Oman’s long-term output: MOG
(Oman Daily Observer - 02/09/2018)

With Oman setting much store by its heavy oil reserves to sustain crude production over the long term, this week’s World Heavy Oil Congress & Exhibition promises to provide strong new impetus to ongoing efforts by various stakeholders to harness this

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