Crude Oil News

Iraq to Develop 40,000 B/D Kifl Oil Field in South
Iraq >> 10/9/2006 - Iraqi Oil Minister Hussein al-Shahristani has said his ministry plans to develop the Kifl oil field in southern Iraq with a capacity of 40,000 barrels a day. Al-Shahristani said that crude oil from th...
Shell Restarts 18,000 B/D Eastern Niger Delta Oil Output
Nigeria >> 10/9/2006 - Royal Dutch Shell PLC's Nigeria unit has restarted an 18,000 barrel-a-day crude oil flow station in the Niger Delta, a company spokeswoman said Monday. "The 18,000 b/d from the Cawthorne Channel in th...
OPEC Steps Back From Explaining Oil Output Cuts
Austria >> 10/3/2006 - The Organization of Petroleum Exporting Countries Monday stepped back from attempting to explain production cuts by some of its members, amid market skepticism about just how serious producers within ...
Cavaney updates Congress on nation's oil, gas picture
United States >> 9/29/2006 - Over the past few weeks, we have witnessed sharp declines in the price of gasoline and crude oil. Since I last wrote to you on July 28, retail gasoline prices have plummeted more than 18 percent and g...
BP: Plans to Reach 400,000 B/D Prudhoe Target by Saturday
United States >> 9/26/2006 - BP PLC brought back 100,000 barrels a day of crude production out of east Prudhoe Bay over the weekend, the first output from that part of the field since early August, a company spokesman said Monday...
NISOC produces 3.2m bpd of crude
Iran >> 9/25/2006 - The National Iranian South Oil Companyhas produced an average of about 3.2 million barrels crude oil per day during the first half of the current Iranian calendar year (started March 21, 2006), PIN re...
FW-Led JV Wins Saudi Aramco Khurais EPC Contract
Saudi Arabia >> 9/20/2006 - Foster Wheeler Ltd. announced that a joint venture led by Foster Wheeler Energy Limited with Korea's Hyundai Engineering and Construction Co., Ltd., has been awarded a lump-sum turnkey engineering, pr...
SVP Charts Refining Future
Saudi Arabia >> 9/19/2006 - Abdulaziz F. Al-Khayyal, Saudi Aramco's senior vice president of Refining, Marketing and International, examined the global refining industry's response to the current refining boom and charted a cour...
Crude Oil Price Movements - Sep 06
Austria >> 9/15/2006 - OPEC Reference Basket
The market emerged in August on a bullish note due to a supply disruption from Russian’s Druzhba pipeline amid escalating tensions in the Middle East geopolitics. D...
Oil Trade - Sep 06
Austria >> 9/15/2006 - OECD
Preliminary data shows that OECD crude oil imports increased for the fifth consecutive month t hit a 10-month high of 32.0 mb/d in August. This increase — corresponding to around 10...
API Monthly Statistical Report for August 2006
United States >> 9/13/2006 - U.S. oil demand slipped in August compared to year-earlier levels as lower deliveries of jet fuel and residual fuel oil offset rising gasoline and distillate deliveries, data compiled by the American ...
Algerian Oil Min Sees OPEC Keeping Ceiling Unch At Mtg
Algeria >> 9/6/2006 - Algerian Oil Minister Chakib Khelil said Wednesday he expects the Organization of Petroleum Exporting Countries to keep its output ceiling unchanged when it meets next week in Vienna. "We have no choi...
Iraq Resumes Oil Exports to Ceyhan Terminal
Iraq >> 8/30/2006 - Iraq on Tuesday resumed pumping crude oil from its Kirkuk oil fields to the Turkish port of Ceyhan after a seven-week suspension, an Iraqi oil official said. He said the flow was resumed Tuesday after...
Lotos To Buy 1Mln Bbl Of Oil From Kuwait Petroleum Corp.
Kuwait >> 8/29/2006 - Polish refiner Grupa Lotos signed a deal to buy 1 million barrels of oil from Kuwait Petroleum Corp. Oil will be delivered to Gdansk refinery in mid-October, Lotos said. The agreement is the first ste...
Technip Awarded Contract for the New Jubail Refinery Project in Saudi Arabia
Saudi Arabia >> 8/29/2006 - Technip has been awarded a program management services (PMS) contract by Saudi Aramco and its partner Total, for the development of a large grass-roots refinery in Jubail on the east coast of the King...
Iran Producing Oil Below OPEC Quota - Oil Min
Iran >> 8/28/2006 - Iran's crude oil production is currently below the quota assigned by the Organization of the Petroleum Exporting Countries, but the country will soon compensate for the shortfall, Iranian Oil Minister...
ONGC,Shell In Talks To Up Kalol Field Output
India >> 8/25/2006 - Oil and Natural Gas Corp. is in talks with Royal Dutch Shell PLC on obtaining technological assistance to increase production at its Kalol field off India's western coast, the Hindu Business Line repo...
Mideast Oil Going West Seen Up In 4Wks To Sep 9
Saudi Arabia >> 8/24/2006 - Westbound seaborne crude oil exports from the Middle East are expected to jump by 420,000 barrels a day to 3.3 million b/d in the four weeks to Sept. 9, mostly led by Saudi Arabia, U.K.-based tanker t...
UAE Adnoc Seeks 4M B/D Oil Production Peak By '10
United Arab Emirates >> 8/23/2006 - The Abu Dhabi National Oil Company, or Adnoc, has completed projects to expand its crude oil production capacity to nearly 2.8 million barrels per day. It has plans to reach four million b/d by 2010, ...
API Monthly Statistical Report for July 2006
United States >> 8/21/2006 - Total petroleum deliveries slipped 0.2 percent in July compared with one year earlier, with increases for gasoline and distillate fuel oil failing to offset declines for jet fuel, resid, and other pro...

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