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Enoc Group in partnership with Rotary Arabia, one of the premier EPC contractors in Saudi Arabia, completed the building of vital pipeline and tank infrastructure to transport and store petrochemicals in the Kingdom’s Western Province.
Dana Gas has announced that year-to-date Pearl Petroleum Company Limited has received $151 million (Dhs553 million) from the sale of gas, condensate and LPG, in the Kurdistan Region of Iraq (KRI).
Brent crude futures were up 36 cents, or 0.7%, at $55.40 a barrel while US West Texas Intermediate (WTI) gained 24 cents, or 0.5%, to $52.44. Both benchmarks gained nearly 8% in January.
US West Texas Intermediate (WTI) was up 67 cents, or 1.3%, at $53.88 a barrel while Brent crude was up 79 cents, or 1.4%, at $57.37.
US West Texas Intermediate (WTI) crude futures fell 33 cents, or 0.62%, to $52.52 a barrel while Brent crude futures fell 36 cents, or 0.65%, to $55.45 a barrel, after losing 10 cents on Wednesday.
Brent crude was up 51 cents, or 0.9%, at $56.86 a barrel while US oil gained 53 cents, or 1%, to $54.08 a barrel.
Oil prices rose more than 2% on Tuesday, hitting near 12-month highs after major crude producers showed they were reining in output roughly in line with their commitments.
Brent crude for June delivery was up by 31 cents, or 0.5%, at $63.05 a barrel by 01:59 GMT while US oil was up 38 cents, or 0.6%, at $59.54 a barrel, having dropped 2.3% on Wednesday.
Adnoc Logistics & Services (Adnoc L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (Adnoc), on Tuesday announced the acquisition of two additional Very Large Crude Carriers (VLCC),
Opec on Tuesday raised its forecast for growth in world oil demand this year on expectations the pandemic will subside, providing help for the group and its allies in their efforts to support the market.
