Middle East

OPEC, non-OPEC to look at extending oil-output cut by six months

KUWAIT (Reuters) -- A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a statement on Sunday.

Tel Aviv's trash is being turned into fuel

TEL AVIV (Reuters) -- Residents of Tel Aviv can start feeling a little less guilty about the amount of garbage they throw away.

Thai Oil buys first crude cargoes from Oman, US amid OPEC cuts

SINGAPORE (Reuters) -- Thailand's largest oil refiner Thai Oil has bought its first ever cargoes of US Eagle Ford crude and Oman crude as its diversifies purchases amid OPEC production cuts, two sources with knowledge of the matter said on Friday.

Saudi exports to US to fall by 300,000 bpd in March

DUBAI (Reuters) -- Saudi Arabia's crude exports to the United States in March will fall by around 300,000 bpd from February, in line with OPEC's agreement to reduce supply, a Saudi energy ministry official said on Thursday.

Saudi king's Asia tour trumpets Aramco's moves downstream

SINGAPORE (Reuters) -- Saudi King Salman's lavish tour of Asia, arriving in each country on a golden escalator with 400 t of luggage, had a hardnosed marketing mission -- to cement the kingdom's place as leading oil supplier to the world's biggest consumer region.

Saudi Aramco to resume oil product shipments to Egypt soon

CAIRO (Reuters) -- Saudi Arabian state oil company Aramco will resume oil product shipments to Egypt some six months after halting them suddenly, the Egyptian Petroleum Ministry said on Wednesday, signaling a potential thaw in relations after months of tension.

China, Saudi Arabia eye $65 B in deals as king visits

BEIJING (Reuters) -- Saudi Arabia's King Salman oversaw the signing of deals worth potentially $65 billion on the first day of a visit to Beijing on Thursday, as the world's largest oil exporter looks to cement ties with the world's second-largest economy.

S.Korea's February crude imports from Iran jump 54% on year

SEOUL (Reuters) -- South Korea's crude imports from Iran jumped nearly 54% in February from a year ago as Tehran continues to ramp up output after sanctions over its disputed nuclear program were removed early in 2016.

OPEC says oil stocks still increasing, Saudis raise output

LONDON (Reuters) -- OPEC said on Tuesday oil inventories have risen despite a global deal to cut supply and raised its forecast of production in 2017 from outside the group, suggesting complications in an effort to clear a glut and support prices.

Iran leapfrogs Iraq as India's No. 2 oil supplier in February

NEW DELHI (Reuters) -- India's oil imports from Iran rose nearly 17% in February from a month earlier as refiners received less crude from key OPEC producers Saudi Arabia and Iraq after an OPEC deal to cut output, shipping data showed on Monday.