FUJAIRAH / WAM Fujairah’s stockpiles of heavy distillates and residues declined for the first time in three weeks on signs of additional demand amid higher prices at competing ports, according to data from the Fujairah Oil Industry Zone. Heavy distillate and residue stocks fell 13 percent week on week to 9.333 million barrels as of August 19, the lowest since ...

ABU DHABI / WAM Abu Dhabi National Energy Company PJSC (Taqa) announced that its subsidiary, Taqa Atrush BV (Taqa Iraq), has set a new production record from the Atrush oil field in the Kurdistan Region of Iraq. For the first time since the field commenced production operations in July 2017, the total monthly production volume exceeded 1 million barrels of ...

NEW YORK / WAM The United Arab Emirates has expressed its regret and categorical rejection of allegations it is facing in light of ongoing developments in Aden, affirming its firm stance as a Coalition partner and determination to continue exerting all efforts to de-escalate the current situation in Yemen. This statement followed comments by Saud Al Shamsi, Deputy Permanent Representative ...