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Kuwait’s Crude Oil Exports to China Jump 49.8%
Kuwait's crude oil exports to China jumped 49.8 percent in February from a year earlier to 962,000 tons, equivalent…
Yen Weakens, USD Rebounds
Yen weakened against the dollar and most of its major counterparts ending its recent rise as Japanese importers…
Euro Hikes against Dollar amid German Ifo Business Confidence Rise
The euro rose against the dollar while German Bund futures pared gains on Monday as a survey showed German business…
Officials Confirm ExxonMobil Operations in Kurdistan
Government officials in the Kurdistan Region say that American oil giant Exxon Mobil continues to work in the…
USD Exchange Rate Drops against Kuwaiti Dinar
Exchange rate of the US dollar against the Kuwaiti dinar dropped to KD 0.277 ($ 1), whereas the euro stabalised at…
25 Bln Barrels of Heavy Oil in Kuwait & Saudi Wafra Oilfield
International oil expert, Dr. A. Hamid Majid, affirmed that huge reserves of heavy oil exist in the Wafra oilfield…
Belgium Sends 31 Thousand Tons Fuel Aid To Egypt
On Saturday, a Belgium tanker (Marel) loaded with 31.200 thousand tons of diesel has reached Alexandria harbor so…
EU Allows Iran Oil Insurance For Now
The European Union agreed on Friday to exempt until July 1 some insurance on Iranian oil shipments headed for…
Oil Price May Arouse Global Recession: IEA
High oil prices are the biggest risk to the global economy and may cause a recession, the Financial Times quoted…
16.4 Mln Barrels of Crude Oil Produced in 2011: Turkey
Turkish Energy & Natural Resources Minister Taner Yildiz said that the production met 7-9 percent of total…