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Why An Oil Deal Between Kurdistan And Baghdad Is Unlikely

The oil-for-budget deal between the semi-autonomous KRG and Baghdad never properly worked, and new agreement between isn’t likely to change the situation ....

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Iraq expects southern oil exports around 2.8 mil b/d in July | Hellenic Shipping News Worldwide

Iraq expects southern oil exports around 2.8 mil b/d in July | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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Two oil wells hit by blast at Iraq's northern Bai Hassan field: ministry

Dubai
Iraq s Bai Hassan oil field in the northern Kirkuk region was attacked by explosives on May 5 causing two wells to catch fire and leaving casualties, the oil ministry said, as OPEC s second largest producer continues to grapple with security incidents against its energy infrastructure.
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A fire at one well was extinguished, while the ministry is working to put out the fire at the other well, it said in a statement May 5.
The ministry didn t disclose whether production was affected nor did it specify the number of casualties. The ministry s spokesperson couldn t be reached for comment. ....

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Dubai crude price structure under pressure as Indian refiners mull run cuts

Singapore
Indian refiners are unlikely to pick up much spot Middle Eastern crude cargoes over the June and July trading cycle as several state-run refineries mull cutting down their operation rates and reduce middle distillates production amid faltering domestic fuel demand, putting a downward pressure on the Dubai crude market structure.
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Many Asian refineries have been consistently receiving crude term allocation cuts from Saudi Aramco and other major Middle Eastern suppliers over the past few quarters due to the producers strong commitment to production curbs, but with full contractual volumes expected from May onwards, Indian refiners may not need to seek many top-up barrels from the spot market, said trading managers and officials at two state-run Indian refiners. ....

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Asia crude: Key market indicators this week | S&P Global Platts

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ICE June Brent crude futures was pegged at $63.05/b at 0309 GMT April 12, 34 cents/b higher from the 0830 GMT Asian close April 9.
Middle East crude
The week ahead will focus on buy and sell tenders for Middle East crude, including Qatar Petroleum s Al-Shaheen tender, post issuance of official selling prices by the region s producers.
In the week ended April 10, Saudi Aramco, Abu Dhabi National Oil Co and Qatar Petroleum issued OSPs for their respective crude grades. While Aramco raised prices for Asia-bound crude by 20-50 cents/b, ADNOC raised prices by 35 cents/b and Qatar by 5-15 cents/b. OSPs from Iraq s State Oil Marketing Organization and Iran s NIOC are now awaited. ....

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