Industry

Middle East will become the major source of oil by 2020 as the USA’s tight oil output and non-OPEC supply will decline worldwide, said International Energy Agency (IEA)

Iraq and the semi-autonomous region of Kurdistan Region of Iraq (KRI) have reached a deal that will ease tensions over the regional oil exports and civil service payments from Baghdad, according to Iraq’s finance minister

Kuwait has plans to raise its crude oil exports to Egypt to up to 100,000 bpd from the current 65,000 bpd

Qatar International Petroleum Marketing Company (Tasweeq) plans to renew its contract to supply condensate to the UAE for 2015, according to company officials