Saudi Aramco included outlooks regarding long-term oil demand in its initial public offering prospectus released on November 9. According to the document, the company believes that "demand growth for crude oil, condensate and NGLs is expected to continue, with a levelling off around the year 2035."
News ID: 7472 Publish Date : 2019/11/15
The Organization of Petroleum Exporting Countries and its allies face stiffening competition in 2020, the International Energy Agency said Friday, adding urgency to the oil producer group’s policy meeting next month.
News ID: 7471 Publish Date : 2019/11/15
Oil prices gained on Friday after OPEC’s forecast for oil demand next year fueled hopes that the producer group and allies will maintain supply cuts when they meet to discuss policy on output next month.
News ID: 7470 Publish Date : 2019/11/15
Opec has kept its non-Opec supply projections little-changed for this year and next, just a day after the group's secretary-general Mohammed Barkindo spoke about the likelihood of "sharp revisions of non-Opec supply going into 2020".
News ID: 7459 Publish Date : 2019/11/14
Los Angeles 0.5pc sulphur marine fuel prices have been mostly cheaper compared with Balboa, Panama, bunker fuel prices since mid-August, Argus assessments showed.
News ID: 7454 Publish Date : 2019/11/14
Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century, the International Energy Agency predicts.
News ID: 7449 Publish Date : 2019/11/13
The National Iranian Oil Company (NIOC) is preparing for three big trades involving six million barrels of oil and condensates in a local bourse next week.
News ID: 7448 Publish Date : 2019/11/14
The National Iranian Oil Company (NIOC) plans to offer 6 million barrels of crude oil and condensates on the Iran Energy Exchange (IRENEX) on November 18.
News ID: 7446 Publish Date : 2019/11/14
Despite a marginal decline in overall crude oil exports, Iraq has boosted the sales of its crude to top Asian importers China and India since late September, as the confusion over the return of full Saudi capacity after the attacks made other Middle Eastern producers more popular in Asia.
News ID: 7437 Publish Date : 2019/11/12
US shale production is likely to stay "higher for longer", reducing the share of Opec members and Russia in the global oil supply, the IEA said in this year's World Energy Outlook (WEO).
News ID: 7431 Publish Date : 2019/11/13
Spot charter day rates for tri-fuel diesel-electric (TFDE) LNG carriers eased on Monday in the Atlantic basin amid increased vessel availability in the region.
News ID: 7386 Publish Date : 2019/11/11
Spot supplies of high-sulphur fuel oil (HSFO) and low-sulphur fuel oil (LSFO) are drying up in Singapore as more buyers turn to term contracts ahead of the global implementation of the IMO 2020 sulphur cap.
News ID: 7382 Publish Date : 2019/11/12
Asia-Pacific styrene monomer (SM) producers are starting to reduce their operating rates after integrated producers endured a month of production losses for the first time since 2014.
News ID: 7380 Publish Date : 2019/11/12
An Iranian company is planning to mass-produce multiphase pumps, in a bid to further increase the country’s self-sufficiency, frugality, and environmental-friendliness in the field of transporting oil and gas.
News ID: 7371 Publish Date : 2019/11/11
Iranian Oil Minister Bijan Namdar Zanganeh said the oil reserve recently discovered in the southwestern province of Khuzestan is the second largest in the country.
News ID: 7365 Publish Date : 2019/11/11
The National Iranian Oil Company Exploration Directorate (NIOCEXP) has discovered a huge oil reserve with more than 50 billion barrels of crude, said President Hassan Rouhani on Sunday.
News ID: 7347 Publish Date : 2019/11/10
Ahandful of protesters on the ground floor of the cavernous Cape Town International Convention Centre spread fake oil on the ground and chanted, demanding an end to fossil fuels.
News ID: 7345 Publish Date : 2019/11/09
The managing director of Iran’s Jey Oil Refining Company said the company, the biggest exporter of bitumen in Iran and the Middle East, is exporting the product to 19 countries.
News ID: 7330 Publish Date : 2019/11/09
Crude oil futures fell on Friday amid lingering uncertainty on whether, and when, the United States and China will agree a long-awaited deal to end their bitter trade dispute, the gloom compounded by rising crude inventories in the United States.
News ID: 7329 Publish Date : 2019/11/09
South Korean paraxylene (PX) producer S-Oil has changed the pricing basis for its 2020 term contract to include Argus cfr Taiwan and China assessments.
News ID: 7322 Publish Date : 2019/11/08
