Saudi Arabia lost its position as the largest crude oil supplier to Japan in August as relatively expensive heavy-end crude grades prompted refiners to seek lighter Abu Dhabi crudes during the trading cycle.
News ID: 6550 Publish Date : 2019/10/01
Ecuador said Tuesday it will leave the Organization of Petroleum Exporting Countries in January.
News ID: 6549 Publish Date : 2019/10/02
Crude oil futures edged higher during mid-morning trade in Asia Friday amid bargain hunting after prices sank to near two-month low the day before, and were currently moving in a tight range awaiting fresh cues to provide direction, analysts said.
News ID: 6548 Publish Date : 2019/10/04
The secretaries general of the Organization of the Petroleum Exporting Countries and the Gas Exporting Countries Forum (GECF) signed a Memorandum of Understanding to strengthen cooperation in research and sharing of best practices.
News ID: 6547 Publish Date : 2019/10/04
Today this technology has made giant steps foreward, and the major international players still focus on these bearings, which the experts refer to “the heart of the rolling stands”.
News ID: 6525 Publish Date : 2019/10/05
The national budget law for the current Iranian calendar year (started on March 21) obliges the Oil Ministry to offer at least two million barrels of light crude oil, two million barrels of heavy crude oil and two million barrels of gas condensate at the international ring of Iran Energy Exchange (IRENEX) every month.
News ID: 6520 Publish Date : 2019/10/05
Iran is going to allocate all revenues from oil sales to the development projects following structural reforms in the next Iranian calendar year’s (March 2020-March 2021) budget bill, IRIB reported on Monday, quoting the head of Planning and Budget Organization (PBO) as saying.
News ID: 6511 Publish Date : 2019/10/03
Iran has indigenized the technology for reducing the sulfur content of the fuel oil, which is used by the vessels, to less than 0.5 percent, IRIB reported.
News ID: 6507 Publish Date : 2019/10/03
Iranian Oil Minister Bijan Namdar Zanganeh said the global energy sector should be depoliticized and politically-motivated interferences should be substituted by economic logic, multilateralism, partnership and cooperation, Shana reported.
News ID: 6489 Publish Date : 2019/10/02
Iran’s Petroleum Engineering and Development Company (PEDEC) said the oil production capacity of South Azadegan oil field in southwestern Iran has increased by 400 percent in the past five years, Shana reported.
News ID: 6404 Publish Date : 2019/09/30
The U.S.-China trade war, which has been going on for more than a year, entered a new phase last week as China not only imposed new tariffs on U.S. goods in retaliation against Trump's actions, but took the matter a step forward by putting "crude oil" on its tariff list.
News ID: 6320 Publish Date : 2019/09/02
To avoid future dependency on China for lithium batteries, Indian Oil Corporation Limited (IOCL) will reportedly make an alumina-based battery, which will be used for running electric vehicles.
News ID: 6280 Publish Date : 2019/08/29
Iranian Oil Minister Bijan Namdar Zanganeh reassured that the country’s oil output can increase to pre-sanctions’ volume 3 days after limitations are removed.
News ID: 6276 Publish Date : 2019/08/29
Iranian Oil Minister Bijan Namdar Zanganeh said that his country stands atop members of the Organization of the Petroleum Exporting Countries (OPEC) in production of gasoline, stressing plans to increase exports.
News ID: 6273 Publish Date : 2019/08/29
The state-owned Qatar Petroleum and France's Total have signed exploration and production agreements for two offshore blocks in Namibia, QP announced Tuesday.
News ID: 6269 Publish Date : 2019/08/29
K enya's President Uhuru Kenyatta flagged off the country's first export shipment of oil Monday, more than 200,000 barrels of crude.
News ID: 6268 Publish Date : 2019/08/29
Ahandful of oil tankers carrying US crude to China are racing to beat the September 1 deadline when Beijing's 5% tariff on US crude imports will kick in, but not all will cross the finishing line on time.
News ID: 6267 Publish Date : 2019/08/29
China's crude oil imports from Iran rose 4.7% month on month to 926,119 bpd in July, data made available by China's General Administration of Customs showed.
News ID: 6258 Publish Date : 2019/08/29
Iran’s Oil Minister Bijan Namdar Zanganeh has denied the idea of U.S. sanctions’ long-term impact on the country’s oil production and exports capacity, saying output could be back to normal very quickly once the sanctions are removed.
News ID: 6254 Publish Date : 2019/08/29
Nearly 10 days after the release of Iranian super tanker Grace 1 by the Gibraltar court, despite all the U.S. warnings that anyone dealing with the Iranian oil tanker would face sanctions, Iran announced that the supertanker’s 2 million-barrel cargo has been sold and the vessel is heading to a destination determined by the buyer.
News ID: 6251 Publish Date : 2019/08/27
