Compliance with the production cuts deal is at a record high, but a crude price crash is undermining efforts to steady the market
News ID: 5878 Publish Date : 2019/08/12
Indian Ambassador to the U.S. Harsh Vardhan Shringla said the U.S. decision on ending waivers for the purchase of Iranian oil is hurting India's economy, Sputnik reported.
News ID: 5842 Publish Date : 2019/08/08
India’s ambassador to the US stated that Washington sanctions on Tehran are hurting his country which is finding it hard to replace Iranian oil imports.
News ID: 5835 Publish Date : 2019/08/07
The latest round of US tariffs on China could push Beijing to buy Iranian oil as a retaliationf, Bank Of America Merill Lynch announced.
News ID: 5787 Publish Date : 2019/08/06
Petroleum Development Oman, the largest oil and condensate producer in the sultanate, is on track to increase its output capacity by more than 10% to top 670,000 bpd in five years as it ramps up exploration activity and pumps more out of existing fields, a company official told S&P Global Platts.
News ID: 5777 Publish Date : 2019/08/06
Despite constant extraction and consumption over the past four decades, the present amount of Iran’s in situ oil reserves is equal to that of the country in 1978, while its gas reserves have grown eightfold over the 40-year period, to 2018.
News ID: 5758 Publish Date : 2019/08/05
The director of National Iranian Oil Company (NIOC)'s Exploration Department said plans are underway for beginning new exploration operations in northeast of the country, Shana reported on Monday.
News ID: 5753 Publish Date : 2019/08/05
In a bid to boost revenue from the country’s mining industry, President Ali Bongo has launched a new code that seeks to attract investors, Mining Minister Tony Ondo Mba told economic operators in the capital Libreville.
News ID: 5746 Publish Date : 2019/08/05
For the first time in the history of Iran’s oil industry since 1901, 3,000 tons of Euro-5 gasoline was sold via the international ring of Iran Energy Exchange, also known as IRENEX.
News ID: 5718 Publish Date : 2019/08/05
National Iranian Oil Company (NIOC)’s Exploration Directorate, on Sunday, signed four agreements with Iranian universities and knowledge-based companies for research in various fields of geophysics, geochemistry, unconventional hydrocarbon resources and drilling.
News ID: 5714 Publish Date : 2019/08/05
Recently some reports have been published by ship tracking companies and industry sources regarding Iranian oil exports in July which have put the county’s shipments at near 100,000 barrels per day (bpd) in the mentioned month.
News ID: 5713 Publish Date : 2019/08/05
A first day of trade for hydrocarbons in Iran’s Energy Exchange (IRENEX) has closed with record earnings for refineries as products like gasoline are offered to foreign buyers for a first time in the country’s history.
News ID: 5705 Publish Date : 2019/08/04
Iranian Oil Minister Bijan Namdar Zanganeh said on Tuesday that the country’s daily gasoline production is 15 million liters more than the consumption, IRNA reported.
News ID: 5682 Publish Date : 2019/08/02
The first de-mercaptanization unit of South Pars Phase 2 and 3 Refinery has so far gained 78 percent progress and will come on stream by the end of the current Iranian calendar year to March 2020.
News ID: 5669 Publish Date : 2019/08/01
The National Iranian Drilling Company has drilled and repaired 51 onshore and offshore oil and gas wells since the beginning of the current fiscal in March, the company’s deputy managing director for drilling affairs said.
News ID: 5659 Publish Date : 2019/08/01
India imported in June the highest volume of Venezuelan crude in 21 months, more than double the amount from May and more than 50% higher than in June 2018, Reuters reported on Monday, citing data provided by industry and shipping sources.
News ID: 5656 Publish Date : 2019/08/01
Asharp recovery in oil product margins over July may lead Saudi Aramco and Iraq's SOMO to tone down the extent of price cuts on crude oil headed to Asia in September, a survey of market participants by S&P Global Platts showed this week.
News ID: 5655 Publish Date : 2019/08/01
National Iranian Oil Products Distribution Company (NIOPDC) will offer 10,000 tons of gasoline produced in Iran’s Persian Gulf Star Refinery (PGSR) at the international ring of Iran Energy Exchange (IRENEX) on Wednesday, IRIB reported.
News ID: 5621 Publish Date : 2019/07/31
National Iranian Drilling Company (NIDC) dug and completed digging operation of 41 oil and gas wells during the first four months of the current Iranian calendar year (March 21-July 22), ISNA reported.
News ID: 5615 Publish Date : 2019/07/31
The National Iranian Drilling Company (NIDC) has successfully spudded 41 oil and gas wells since March.
News ID: 5601 Publish Date : 2019/07/30
