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OPEC+ Keeps December Oil Output Targets Unchanged, With Saudi Arabia’s Required Production at 10.478 Million bpd

Seven OPEC+ producers including Saudi Arabia, Iraq, Kuwait and Oman agreed on Sunday to keep December production at September's required levels.
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Qatar’s Nakilat Says LNG Carrier Al Mayeda Was Hit by Unidentified Objects in the Gulf, No Injuries Reported

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Aramco Completes Purchase of 49% Stake in PIF’s AI Company Humain, Contributing About SR9.9 Billion in Cash

Aramco has closed its acquisition of a 49% stake in HUMAIN, with the Public Investment Fund keeping 51% of the Saudi AI company.
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Iraq’s Oil Exports Through Kurdistan Pipeline to Turkey Double to 500,000 Barrels a Day, KAR Group Chairman Says

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OPEC+ Keeps December Oil Output Targets Unchanged, With Saudi Arabia’s Required Production at 10.478 Million bpd

Seven OPEC+ producers including Saudi Arabia, Iraq, Kuwait and Oman agreed on Sunday to keep December production at September's required levels.

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OPEC+ Keeps December Oil Output Targets Unchanged, With Saudi Arabia’s Required Production at 10.478 Million bpd

Seven OPEC+ producers including Saudi Arabia, Iraq, Kuwait and Oman agreed on Sunday to keep December production at September's required levels.

Qatar’s Nakilat Says LNG Carrier Al Mayeda Was Hit by Unidentified Objects in the Gulf, No Injuries Reported

Qatar Gas Transport Co. (Nakilat) said its LNG carrier Al Mayeda was hit by unidentified objects while sailing in the Gulf on Oct. 30, with no crew injuries.

Aramco Completes Purchase of 49% Stake in PIF’s AI Company Humain, Contributing About SR9.9 Billion in Cash

Aramco has closed its acquisition of a 49% stake in HUMAIN, with the Public Investment Fund keeping 51% of the Saudi AI company.

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US Says It Has Helped Gulf Partners Export More Than 1.5 Billion Barrels of Crude Through Hormuz Since Summer

US Central Command said its forces have helped Gulf partners export more than 1.5 billion barrels of crude through the Strait of Hormuz since the summer, with more than 3,000 vessels transiting with US support.

Kuwait Approves KWD5.38 Million of Emergency Contracts for Damaged KOTC Tankers

Kuwait Petroleum Corporation's top procurement committee approved three emergency contracts worth about 5.38 million dinars for Kuwait Oil Tanker Company.

ADNOC Lines Up Offshore Sour Gas, Export Pipeline and Enhanced Oil Recovery Tenders for 2027

ADNOC plans to tender an offshore sour gas development, an export gas pipeline and enhanced oil recovery projects in 2027, a senior executive told suppliers on Sunday.

ADNOC Offers More Than AED60 Billion of Local Manufacturing Opportunities Through 2030, Overhauls Supplier Rules

Abu Dhabi National Oil Co. is offering more than AED60 billion ($16.3 billion) of local manufacturing opportunities through 2030, covering more than 200 products and critical spare parts.

SLB Says Middle East Revenue Rose 13% to $1.9 Billion in Third Quarter, Wins Five-Year Contracts From PDO and Kuwait Oil Company

SLB said its Middle East revenue rose 13% from the previous quarter to about $1.9 billion in the third quarter as activity recovered, and disclosed new contracts from Petroleum Development Oman and Kuwait Oil Company.

QatarEnergy in Talks to Buy Up to 3 Million Tons a Year of LNG From Woodside’s Louisiana Plant, Reuters Reports

QatarEnergy is in talks with Woodside Energy to buy up to 3 million metric tons a year of LNG from its Louisiana LNG plant under construction, three people with knowledge of the negotiations told Reuters.

Brent Settles at $116.72, Highest Since April, as Houthi Attacks on Saudi Arabia Fuel Supply Concerns

Brent crude settled at $116.72 a barrel on Friday, its highest close since April 29, as Houthi attacks on Saudi Arabia raised concern about Gulf supply disruption.

NMDC Energy Wins AED2.8 Billion of Offshore Work From Saudi Aramco

Abu Dhabi-listed NMDC Energy has been awarded new offshore engineering, procurement and construction projects worth AED2.8 billion ($763 million) by Saudi Aramco.

QatarEnergy in Advanced Talks to Buy at Least 3 Million Tons a Year of LNG From Venture Global, Reuters Reports

QatarEnergy is in advanced talks with US exporter Venture Global on a long-term deal to buy at least 3 million metric tons of liquefied natural gas a year, Reuters reported.

Brent Settles 4% Higher at $113.17, Its Highest Close Since May, as Iran Says Seven Vessels Hit Near Hormuz

Brent crude settled 4% higher at $113.17 a barrel on Thursday, its highest close since May, after Iran's Revolutionary Guards said seven vessels were hit or damaged near the Strait of Hormuz.

Kuwait Petroleum CEO Says Crude Exports Are Back at Prewar Levels but Fuel Shipments Remain Constrained

Kuwait Petroleum Corporation is exporting crude at about prewar levels but is restraining some refining because too few product tankers can safely leave the Gulf, its chief executive said.

QatarEnergy Agrees to Buy Up to 4 Million Tons a Year of US LNG From Cheniere Through 2054

QatarEnergy has signed two long-term agreements to buy up to 4 million tons per annum of liquefied natural gas from Cheniere Energy's plants on the US Gulf Coast.
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