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Kuwait raises October crude OSP to Asia by $0.15 a barrel

Kuwait raised its official selling price (OSP) for crude to Asian buyers for October by $0.15 a barrel from the previous month, a trade source said on Tuesday.

September 11, 2012 9:54

Iran raises October Iranian heavy OSP to Asia

Iran has raised its official selling prices (OSPs) for October-loading Iranian Heavy crude to Asia by 9 cents a barrel from September to Oman/Dubai minus 30 cents, an industry source with direct knowledge of the matter said on Monday.

September 10, 2012 10:00

Saudi to supply full October crude to one Asia buyer

Saudi Arabia, the world's top crude exporter, will supply full contracted volumes of crude oil to at least one Asian term buyer in October, unchanged from September, an industry source familiar with the matter said on Monday.

September 10, 2012 9:51

Kuwait oil output was 3 million barrels per day in August

Kuwait produced around 3 million barrels a day (bpd) of crude oil in August, up around 600,000 bpd from July, a Kuwaiti industry source said on Sunday.

September 9, 2012 5:17

UAE oil output at 2.7 million barrels per day in August

The United Arab Emirates produced 2.7 million barrels per day (bpd) of oil in August, down around 100,000 bpd from the previous month, an industry source familiar with the matter told Reuters on Thursday.

September 6, 2012 5:41

UAE to boost oil production capacity to 3 million barrels per day in 2012

The United Arab Emirates (UAE) is on track to expand its crude oil production capacity to 3 million barrels per day (bpd) by the end of the year, two industry sources said on Tuesday.

August 28, 2012 6:41

South Korea to resume buying Iranian crude in September

Will ask Iran to deliver the crude, cover insurance risk; Chinese, Indian buyers have also asked Iran to deliver; Korean deal almost reached, government source says; First cargo could arrive end September or early October; Asia's big-four buyers take over half of Iran's exports

August 8, 2012 4:22

Taiwan CPC will not import Iranian crude in July

Taiwanese state-owned refiner CPC Corp will not import any Iranian crude in July after the latest round of U.S. sanctions that target Iran's main tanker firm, an industry source familiar with the matter said on Wednesday.

July 18, 2012 5:26

Brent crude ends up 4th day as August contract expires

Brent crude futures rose a fourth straight session on Monday, lifted by hopes for economic stimulus measures, especially in China, and by tensions with Iran and news a U.S. Navy vessel off the United Arab Emirates fired on an approaching fishing boat that failed to heed warnings.

July 17, 2012 11:30

Brent crude steady above $100 as fed holds off stimulus

Oil rallied more than 2 pct on Wed as N.Sea supply tightens; Fed holds off stimulus until economy worsens; Coming Up: U.S. weekly jobless claims

July 12, 2012 11:01

Kuwait raises August crude OSP to Asia by 85 cents per barrel

Kuwait's crude price formula is loosely linked to that of Saudi Arabia's Arab Medium grade.

July 11, 2012 12:00

Sinopec to lift less Saudi crude in August

Sinopec's August cuts will be less than that of July; Tianjin to shut crude processing facility; Saudi to supply contracted volume despite higher OSP; Buyers of Iranian crude have choice to seek Saudi supplies

July 9, 2012 5:01

Saudi to supply full August crude to 1 Asia buyer

Saudi Arabia, the world's top crude exporter, will supply full contracted volumes of crude oil to at least one Asian term buyer in August, unchanged from July, an industry source familiar with the matter said on Monday.

July 9, 2012 10:31

Dubai June crude average drops to $94.44 a barrel

Dubai crude oil quoted by price-reporting agency Platts averaged $94.44 a barrel for June, down $12.87 from May, traders said on Monday.

July 2, 2012 10:11

Abu Dhabi keeps August term crude sales steady to Asia

Abu Dhabi National Oil Co (ADNOC), the main exporter for OPEC member the United Arab Emirates, will supply full contractual crude oil volumes to Asia in August, steady with July, industry sources said on Monday.

July 2, 2012 10:10