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Oil prices reach $117

World oil prices extended gains on Thursday following a bigger-than-expected drop in inventories of US motor fuel. AFP - 21Aug 11:40GMT
'Panel finds no violation on tenders law in Kuwait's 4th refinery'

The Petitions and Complaints Committee in the Kuwaiti Parliament discussed the questions raised on the legality of procedures taken for the implementation of the fourth refinery project while the National Assembly is in recess for the summer. Arab Times - 21Aug 06:26GMT
Liquefied Natural Gas tanker fleet to triple by 2030

Increasing global demand for liquefied natural gas (LNG) will lead to a threefold rise in the number of tankers carrying the fuel by 2030, says a new Oxford Business Group report. Emirates Business 24/7 - 21Aug 05:55GMT
Qatar Petroleum awards contract for Dukhan seismic survey

Qatar Petroleum (QP) has awarded CGG Veritas of France a contract worth approximately $140m to undertake a very high-density 3D seismic survey across the Dukhan oil and gas field. The Peninsula - 21Aug 05:53GMT
Oil prices rise after petrol stocks fall

Oil prices rose Thursday after a larger-than-expected decline in US petrol stocks but gains were likely to be limited, analysts said. AFP - 21Aug 04:49GMT
Saudi Nama rights issue was covered 116.5%

(Arabic) Nama Chemicals has decided to allocate 17 shares for each 25 shares from subscribersâ€™ stake. Al-Arabiya - 20Aug 13:49GMT
KEC signs Somali state oil firm deal

Kuwait Energy Company (KEC) has signed a partnership agreement with the Somali government and Indonesia's PT Medco Energi Internasional 'Tbk' to set up a state oil firm in Somalia, KEC's chief executive said. Saudi Press Agency - 20Aug 10:47GMT
Oil prices rise above $115

Oil prices extended recent gains Wednesday, with New York crude climbing above $115 a barrel, on prospects of a possible cut to OPEC production, traders said. AFP - 20Aug 09:59GMT
Iraqi premier discusses with Seniora supplying Lebanon with crude oil

Lebanese Prime Minister Fouad al-Siniora, who arrived in Baghdad, discussed with his Iraqi counterpart Nouri al-Maliki supplying Lebanon with Iraqi crude oil and means to boost bilateral ties, the media adviser of al-Maliki said. Aswat Aliraq - 20Aug 07:56GMT
Oil prices rise after Venezuela moots output cut

World oil prices rose in Asian trade Wednesday on fresh supply concerns after key producer Venezuela indicated it could ask OPEC to cut output, dealers said. AFP - 20Aug 05:50GMT

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ICE Brent $/bbl	114.75
NYMEX WTI $/bbl	115.93
OPEC Basket $/bbl	108.26
Nat. Gas $/MMBtu	8.11
Products

ICE Brent (Futures)

Pct Change	+ 3.69%
Net Change	+ 4.22
YTD Change	+ 26.12%
» Charting		14:25 GMT 21Aug

NYMEX WTI (Futures)

Pct Change	+ 3.63%
Net Change	+ 4.20
YTD Change	+ 24.75%
» Charting		14:25 GMT 21Aug

OPEC Reference Basket

Pct Change	- 0.39%
Net Change	- 0.42
YTD Change	+ 19.20%
» Charting		07:13 GMT 19Aug

NYMEX Nat. Gas (Futures)

Pct Change	+ 0.54%
Net Change	+ 0.04
YTD Change	+ 8.65%
» Charting		14:25 GMT 21Aug

NYMEX (¢/gal)

Heating Oil	317.00	21Aug14:25
Unleaded	291.03	21Aug14:25
Propane	158.00	21Aug14:25



ICE ($/MT)

Gas Oil	1,034.25	21Aug14:25
All times expressed in GMT

Iraq
Political Rifts
Political gridlock has overtaken security risk as the primary hurdle facing the rehabilitation of Iraq's oil industry, according to oil executives and analysts.

Iraq
Oil's Curse
Iraq is awash with oil money but lacks a proper plan, with foreign firms still wary of investing amid political uncertainty.

Roll out the Barrel
Abu Dhabi has confirmed its commitment to a massive capital injection in the nation's oil sector.

Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Market Capital ($mil)
1	Saudi Basic Industries Corporation	Saudi Arabia	100,134
2	Industries Qatar	Qatar	27,126
3	Saudi Arabian Fertilizer Company	Saudi Arabia	14,219
4	Rabigh Refining and Petrochemical Company	Saudi Arabia	12,748
5	Saudi Kayan Petrochemical Company	Saudi Arabia	9,112
» View Full List

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