MEOG - Middle East Oil & Gas

5 December 2024

OPEC+ to cut crude prices for Asia

4 December 2024

Saudi Arabia is set to cut crude prices for Asian buyers in January to their lowest level in years, with prices likely to decline by 70 to 90 cents per barrel from December, according to Asian refinery sources who took part in a Reuters survey.

Iran to host meeting of key gas suppliers

4 December 2024

Iran is set to host a meeting of the Gas Exporting Countries Forum (GECF) in Tehran this weekend.

US slaps new sanctions on Iranian oil sales

3 December 2024

The United States blacklisted 35 more entities and oil tankers involved in carrying Iranian crude oil, ratcheting up sanctions on the Islamic Republic, the Treasury Department said.

ExxonMobil undecided on role in Upper Zakum expansion

3 December 2024

ExxonMobil has yet to finalise its participation in the next phase of the UAE's Upper Zakum field expansion

QatarEnergy signs long-term contract with Shell for delivery of LNG to China

2 December 2024

QatarEnergy along with Shell have come to a long-term sales and purchase agreement for the delivery 3mn tonnes per year of LNG to China.

Turkey seeks US sanctions waiver to pay for Russian gas

2 December 2024

Turkey is negotiating with the United States to secure a waiver from sanctions that Washington introduced last week against Russia’s Gazprombank, an affiliate of Gazprom, Moscow’s gas monopoly.

Saudi Arabia gains Asian oil market share as Russian exports decline

2 December 2024

Saudi Arabia strengthened its position in Asia's oil market in November, while Russian exports to the region fell to their lowest level since January, according to LSEG Oil Research data, signalling a potential shift in regional market dynamics.

Iran working to expand Azadegan output

1 December 2024

Iran's AOGC has announced progress towards raising production capacity at the South Azadegan oilfield

Tethys begins flow testing at Block 58 well in Oman

1 December 2024

Tethys Oil has commenced flow testing at a well in Oman's Block 58

Gas usage at record high as cold snap sweeps Iran

1 December 2024

The National Iranian Gas Co. (NIGC) sounded the alarm as the country’s gas consumption jumped in the domestic sector, with the mercury plummeting in many parts of the nation, particularly the north.

bp to return to Kirkuk as authorities discuss oil management

1 December 2024

The IOC is closing in on a return to the giant northern Iraqi oilfield while Baghdad and Erbil continue to seek a breakthrough

Caspian oil export terminal ready to boost crude sales, Iranian officials say

28 November 2024

The managing director of the Iranian Oil Terminal Co. (IOTC) said Iran’s Caspian Sea export terminal had boosted its capacity to 200,000 barrels per day to keep oil and condensate exports on track.

Indian Oil renews annual crude oil import agreement with Iraq for 2025

27 November 2024

Indian Oil Corporation (IOC), India’s largest government-owned oil and gas refining company, has renewed its annual crude oil import agreement with Iraq for 2025, maintaining the agreed volume at 21mn tonnes.

US to talk to China over Iranian oil trade, Trump's security adviser choice says

27 November 2024

The incoming US administration will press China to put the brakes on its purchases of Iranian oil, said Mike Waltz, President-elect Donald Trump’s choice for national security adviser.

Kurdistan PM blasts Baghdad for $20bn in lost oil revenues

27 November 2024

The Prime Minister of the Kurdistan Regional Government (KRG), Masrour Barzani, has criticised the Iraqi government’s oil policy, claiming that the Kurdish region of Iraq is losing revenues.