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Oil
Oil earns Kuwait $24.5 bil April-June
OPEC member Kuwait earned Dinars 6.5 billion in oil revenues April-June this year, over 100% more than projected for the period by the government's budget, the independent al-Shall Economic Consultancy...More...
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Swaps sellers aim to sustain tanker earnings amid rising fuel costs
Freight forward agreements (FFAs) on crude tankers for the coming year have gained upward momentum as swaps sellers aim to sustain tanker earnings amid rising costs for bunker fuel Forward Curve Freight Rates and players extrapolate the unprecedented strength of spot freight rates into the future, industry sources said. Read more...

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Oilgram News Iraq cuts interim contract term to one year
Iraqi oil minister Hussein Shahristani has told the oil ministry's licensing directorate to reduce the duration of the short-term technical service agreements being negotiated with international oil firms to one year from two, an informed source said July 1.
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