Kuwait Oil Company (KOC) said on Tuesday it was dealing with an oil leak in a well in Al Ahmadi governorate in the south of the country.

An attack on a Saudi tanker by Yemen’s Houthi would not hit oil supplies, Saudi energy minister said on Wednesday, after the Iran-allied group said it had targeted a warship in response to an air strike that killed civilians.

Iraq exported 3.453 million barrels per day (bpd) of crude oil from its southern ports in March, slightly above the February average, the oil ministry said on Sunday.

Bahrain said on Sunday it had discovered the country’s largest oilfield in decades, located off the west coast of the kingdom, according to state news agency BNA.

The High Committee for Natural Resources and Economic Security in Bahrain announced the discovery of the largest oilfield in the Kingdom.

General Assembly of the Workers' Union of Bahrain Petroleum Company (BAPCO) formed an Election Supervisory Committee to oversee the Union’s Board of Directors elections of the upcoming (sixth) session.

Iraq’s oil ministry on Thursday called on companies to invest in a project to build a 70,000 barrel-per-day oil refinery in the western province of Anbar.

Official statistics said that total value of Bahrain’s non-oil exports during the first eight months of 2017 amounted to about $4.8 billion; i.e. $100 thousand increase compared to the same period of 2016.

Iran severely condemned the claim raised by Bahrain’s Interior Ministry on Iran’s role in an oil pipeline blast last year, calling on Manama to stop raising worn-out claims, bringing up old and ineffective scenarios and to establish dialogue with people.

A source informed on the oil sector in the country said that the Bahrain Petroleum Company (BAPCO) has lost 40% of its production capacity since the fire that broke out on November 26, 2016.

Al-Wefaq National Islamic Society said that the increase of petrol prices for the second time within a month reflects the extent of exploitation of citizens’ money amid failing economic policies surrounded by corruption.

Bahrain has increased petrol prices unexpectedly in phone calls made by the National Oil and Gas Authority officials to the country's refueling stations.

The National Audit Office report for the years 2016-2017 revealed that the Oil and Gas Holding Company did not pay 56.4 billion BD of due state returns in 2016.

The Shura Council approved in its session held recently a bill that provides for the deduction two dollars from every barrel of crude oil whose price exceeds $80.

Bahraini authorities had brought under control a fire at an oil pipeline caused by an explosion, the civil defence said in a statement on Saturday.

French energy firm Total’s Chief Financial Officer Patrick de La Chevardiere said on Friday that the company continues to operate in Iran despite the foggy situation after US President Donald Trump decided not to ratify the Iranian nuclear deal.

Iraqi forces are deploying tanks and artillery near a Kurdish-held area of northern Iraq where a section of a Kurdish oil export pipeline is located, as well as land crossings to Turkey and Syria, security sources said on Monday.

Iraqi forces Wednesday appeared poised to take full control of the oil fields in the disputed northern province of Kirkuk, dashing Kurdish hopes of creating a viable independent state.

Goldman Sachs said that while oil output from the Kurdistan region was potentially at risk due to a standoff with Iraq, tensions between the United States and Iran remained a larger and longer term threat to global supply.

Bahrain plans to export less shipments of BANOCO Arab Medium crude oil in December due to pre-planned maintenance of an oil field, trade sources said.