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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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Saudi Arabia Accounts for 54% of Arab Energy Fund’s Investment Assets, CIO Says

Saudi Arabia accounts for around 54% of the assets under management in The Arab Energy Fund's investments and partnerships business, Maheur Mourali, the fund's...

Kuwait Approves KD37 Million in Road Maintenance Tenders for Kuwait Oil Company Fields

Kuwait's Central Agency for Public Tenders (CAPT) approved two road maintenance tenders for Kuwait Oil Company (KOC) with a combined value of KD37.016 million,...

Iran Says Hormuz Could Reopen Within Seven Days Under Plan Sent to US Through Qatar

Iran has sent the United States a seven-day plan through Qatar under which the Strait of Hormuz could be reopened, Foreign Minister Abbas Araghchi said in Baghdad on Saturday.

US Says It Helped Gulf Partners Ship 100 Million Barrels of Crude Through Hormuz in a Week

US forces helped Gulf partners ship more than 100 million barrels of crude through the Strait of Hormuz in a week, CENTCOM commander Admiral Brad Cooper said, as Iran's Revolutionary Guards claimed two tankers hit mines.

Second Tanker Attacked Off Saudi Arabia’s Jubail as Iran’s Guards Say Supertanker Hit Mine in Hormuz

A tanker was attacked with a rocket-propelled grenade from a small boat 78 nautical miles northeast of Saudi Arabia's Al Jubail on October 16, UKMTO said, the second tanker attack reported in the area that day.

China’s Hudong-Zhonghua Delivers LNG Carrier Al Fanar for QatarEnergy’s North Field Expansion

China's Hudong-Zhonghua Shipbuilding delivered the 174,000 cubic meter LNG carrier Al Fanar for QatarEnergy on October 16, the yard's 11th LNG carrier built for the Qatari company.

Tanker Hit by Projectile Off Saudi Arabia’s Jubail as Hormuz Traffic Stays 70% Below Prewar Levels

A tanker was struck by an unknown projectile about 68 nautical miles northeast of Al Jubail on Saudi Arabia's Gulf coast on Friday, October...

Brent Settles at $109.86, Highest Since May, as Attacks Near Hormuz and on Saudi Arabia Mount

Brent crude rose 3.7% to settle at $109.86 a barrel on Friday, October 16, its highest close since May 19, as attacks on shipping near the Strait of Hormuz and on Saudi Arabia kept Gulf supply risks in focus.

Saudi Arabia and Iraq Drive 1.78 Million bpd Jump in OPEC September Output, Reuters Survey Finds

OPEC crude output rose by 1.78 million barrels per day in September to 21.49 million bpd, led by gains in Saudi Arabia and Iraq, a Reuters survey published on October 16 found.

ADNOC Says Backup Projects Built a Decade Ago Kept Oil Flowing Through Disruption

Abu Dhabi National Oil Company prepared for major supply disruption 10 to 15 years ago, and that spending kept production going this year, ADNOC board director Abdulmunim Al Kindy said.

Kuwait Studies Oil Export Pipelines to Fujairah and Red Sea to Bypass Hormuz

Kuwait is studying two crude export pipelines that would bypass the Strait of Hormuz, one running through the UAE to Fujairah and one through...

Aramco Offers Europe Extra Crude Cargoes as Saudi Exports Recover After Pipeline Attacks

Saudi Aramco is offering European customers additional crude oil cargoes for delivery in late October and into mid-November, three trade sources told Reuters. The volumes...
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