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Fujairah’s heavy distillates stocks decline for first time in three weeks

Fujairah’s stockpiles of heavy distillates and residues fell down for the first time in three weeks on signs of additional demand amid higher prices...
oil field

Rex International set to oil its success by monetising its Block 50 asset soon

Rex International Holding Limited, the Singapore-based Oilfields firm, is looking to monetise its Oman asset by achieving its first oil production by the end...
saudi aramco; pipeline expansion plans

Saudi Aramco asks banks to bid in what could be world’s largest IPO

In what could be the world’s biggest IPO, Saudi Aramco has formally asked major banks to bid for potential roles in its planned initial...

Fujairah’s refined oil product stocks see eight-week high

Fujairah’s refined oil product stockpiles saw an eight-week high with a 10% jump to 21.253 million barrels in the week to Aug 12, Fujairah...
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China CNPC extends Oman oil production contract for 15 years

China CNPC has extended its contract for developing an aged oilfield in Oman for another 15 years, Reuters quotes Chinese state oil and group...
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Saudi Arabia, Kuwait Make Breakthrough in Neutral Zone Talks

(Bloomberg) -- Saudi Arabia and Kuwait are the closest in years to restoring oil output from the neutral zone shared by the neighboring nations after making a...
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Tanker Attacks Off Gulf of Oman on 13 June 2019

Refinitiv Oil Research received reports of a suspected attack on two oil tankers in the Gulf of Oman, about 56 NM East of Fujairah....
oil refinery

Oil Becomes a Curse for Middle East Economic Change

(Bloomberg) -- Drip by drip, the oil producing countries of the Middle East are watching their share of the global crude market drain away. U.S....

Petronas buys 10% stake in Oman’s Al Khazzan field

Malaysia’s Petroliam Nasional Berhad (Petronas) said its subsidiary would buy a 10% stake in Oman’s Al Khazzan gas field, following a bidding exercise held...