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Links to previous press releases are below.

News X

MidEast Gulf Producers Delaying Maintenance

Oil

MidEast Gulf producers are delaying some field maintenance until next year to keep production high and reduce costs as they expect lower prices in 2016 once Iranian volumes return to the market following the lifting of sanctions, reports Reuters. Saudi Arabia, UAE and Qatar are all reported to be rescheduling non-essential maintenance at oil fields originally planned for the 4q15 into 2016.