Oil slumped over 3% on Friday and posted its biggest monthly drop in six months, after US President Donald Trump stoked global trade tensions by threatening tariffs on Mexico, a key US trade partner and major supplier of crude oil.
News ID: 4726 Publish Date : 2019/06/02
Top oil exporter Saudi Arabia has raised production in May, a Reuters survey found, but not by enough to compensate for lower Iranian exports which collapsed after the United States tightened the screw on Tehran.
News ID: 4713 Publish Date : 2019/06/01
China, the top buyer of Iranian oil, dismissed Washington’s warning to Hong Kong that it could face penalties if it provides services to a vessel carrying Iranian oil headed for the autonomous territory, saying “normal energy dealings” with Tehran are in accordance with law and should be respected.
News ID: 4681 Publish Date : 2019/05/30
The oil market is expected to be in balance toward the end of 2019, as global inventories fall and demand remains strong, but OPEC’s job is not done yet, Kuwait’s oil minister told Reuters.
News ID: 4675 Publish Date : 2019/05/30
Russia will carefully consider extending its oil output reduction agreement with the Organization of the Petroleum Exporting Countries and other producers, Russian First Deputy Prime Minister Anton Siluanov told Reuters on Wednesday.
News ID: 4674 Publish Date : 2019/05/30
India has officially ended all oil imports from Iran, India’s Ambassador to the United States Harsh Vardhan Shringla said on Wednesday, after Prime Minister Narendra Modi managed to emerge victorious from India’s elections.
News ID: 4659 Publish Date : 2019/05/28
France’s Total is seeking to sell part of its stake in Kazakhstan’s giant Kashagan oilfield to raise up to $4 billion, four banking sources said.
News ID: 4658 Publish Date : 2019/05/28
Isfahan Refinery is to build a unit to process its mazut output, managing director of the National Iranian Oil Refining and Distribution Company said.
News ID: 4657 Publish Date : 2019/05/28
Aglobal shortage of heavy crude will create hurdles for America’s key refining belts just as they ramp up gasoline production for the summer.
News ID: 4655 Publish Date : 2019/05/28
A spokesman of the Afghan ministry of oil and gas rejected media reports claiming that the country has stopped crude imports from Iran.
News ID: 4631 Publish Date : 2019/05/23
Turkey has closed its ports to Iranian oil, fully complying with US sanctions against its main supplier, despite Ankara publicly criticizing the United States’ move to end import waivers and warning of a struggle to tap alternative producers.
News ID: 4630 Publish Date : 2019/05/23
The United States is increasing its oil imports from Russia, according to a Bloomberg source, as US refineries clamor for more oil now that refineries oil supplies have dried up.
News ID: 4629 Publish Date : 2019/05/23
Oil prices rose on Tuesday on escalating US-Iran tensions and amid expectations that producer club OPEC will continue to withhold supply this year.
News ID: 4615 Publish Date : 2019/05/22
From easing the limits to ending the extreme throttling-back that has seen some countries exceed original cutback targets, Russia sees a range of options that would allow OPEC+ to continue output cooperation until the yearend.
News ID: 4614 Publish Date : 2019/05/22
Oil-to-metals conglomerate Vedanta Ltd said on Tuesday it had been declared the preferred bidder for two copper blocks in the India's western state of Maharashtra.
News ID: 4605 Publish Date : 2019/05/21
Amonth before OPEC and allies are set to discuss the future of their production cut deal, the leader of the non-OPEC group, Russia, appears to have finally fallen in line with its share of the cuts, producing below its OPEC+ quota for the month of May.
News ID: 4589 Publish Date : 2019/05/20
France’s Total has halted some of the units at its 230,000-barrel-per-day Leuna refinery in Germany to conduct technical checks after contaminated Russian crude oil was found to have flown via an oil pipeline from Russia to European customers.
News ID: 4586 Publish Date : 2019/05/20
South Korea’s Iranian oil imports rose 17% in April from a year earlier, customs data showed on Wednesday.
News ID: 4571 Publish Date : 2019/05/18
Oil prices rose again Friday and were on track for the first weekly gains this month, as rising tensions in the Middle East stoked fears of supply disruptions.
News ID: 4566 Publish Date : 2019/05/18
In summer electricity generation reaches its peak in all power plants across the country. However, after the hot season is over, hardly 30% of the power stations operate, the managing director of Mapna Group said.
News ID: 4565 Publish Date : 2019/05/18
