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ADNOC and Kuwait Petroleum Corp have increased naphtha shipments to Asia in recent months via ship-to-ship transfers outside the Strait of Hormuz. Trade data and traders said the flows are helping Asian petrochemical producers lift output.
ADNOC and Kuwait Petroleum Corp increased naphtha shipments in August and September via ship-to-ship transfers outside the Strait of Hormuz, helping Asian petrochemical producers raise output. Trade data showed combined Gulf exports rose to about 5 million tons in the two months.
Iraq boosts West Qurna 1 and Rumaila oil output to full capacity
() -- Abu Dhabi National Oil Co., d/b/a Adnoc, increased crude production to more than 3.8 million barrels per day in June after the country exited the Organization of the Petroleum Exporting Countries, or OPEC, and OPEC+ on May 1 to move away from production limits, Reuters reported Monday, citing two sources familiar
() -- Kuwait's crude oil production surged to 1.65 million barrels per day in June, up from 580,000 b/d the previous month, as the OPEC member ramps up exports following a US-Iran peace deal, Reuters reported Thursday, citing industry sources. The increase indicates that oil flows through the Gulf are rebounding after
Iraq's oil minister says return to normal operations will be gradual until previous output levels are reached
Iraq raises southern oilfield production by 250K bpd to around 1.75M bpd
Iraq raises southern oilfield production by 250K bpd to around 1.75M bpd