Oil hit a two-month high above $63 a barrel on Monday as OPEC-led supply cuts and US sanctions against Venezuela’s petroleum industry offset forecasts of weaker demand and an economic slowdown.
News ID: 3554 Publish Date : 2019/02/05
Royal Dutch Shell plc, through its subsidiary Shell Brasil Petroleo Ltda. and consortium partners have announced the start of production at the Lula North deepwater project in the Brazilian Santos Basin.
News ID: 3541 Publish Date : 2019/02/04
Exxon and Qatar Petroleum will proceed with a $10 billion expansion of their Golden Pass liquefied natural gas import terminal in Texas to turn it into an export facility as well, Reuters reports, citing source familiar with the matter.
News ID: 3540 Publish Date : 2019/02/04
US crude exports to Asia are set to swell over March and April as a drop in freight rates makes US cargoes more competitive against barrels from Asia or the Middle East, according to market participants and shipping fixtures Friday.
News ID: 3539 Publish Date : 2019/02/04
The National Iranian Oil Refining and Distribution Company (NIORDC) will open 20 projects worth $1819.82 million in the current month, to commemorate the 40th anniversary of the Islamic Revolution of 1979.
News ID: 3538 Publish Date : 2019/02/03
A member of the Iranian parliament said the development of Iran's oil industry could not be stopped.
News ID: 3537 Publish Date : 2019/02/03
The CEO of Karoon Oil & Gas Production Co. (KOGPC) said his company had processed 32,000 barrels of crude oil by mobile oil treater (MOT) devices over the course of the past 10 months.
News ID: 3536 Publish Date : 2019/02/03
OPEC crude output fell the most in two years last month as the group implemented almost 80% of its new production cuts deal.
News ID: 3532 Publish Date : 2019/02/03
European buyers of the heavy crude produced by Venezuela’s PDVSA have put their purchases on hold in anticipation of sanctions against the government in Caracas to be announced by the European Union.
News ID: 3531 Publish Date : 2019/02/03
Russian oil output declined to 11.38 million barrels per day in January, or by around 35,000 bpd from the October 2018 level, the baseline for the global oil accord, missing the deal’s target, Energy Ministry data showed on Saturday.
News ID: 3530 Publish Date : 2019/02/03
Iranian Parliament Speaker Ali Larijani said that his country has been able to decrease dependence on oil revenues, stressing the US inability to reduce Iran's crude sales.
News ID: 3527 Publish Date : 2019/02/02
India is in talks with the US to extend a waiver permitting it to continue importing Iranian oil after March, an Indian Oil Ministry official said Thursday.
News ID: 3519 Publish Date : 2019/02/02
PetroChina is looking to drop Venezuela’s state-owned oil firm PDVSA as an equity partner in a planned and long-delayed $10-billion oil refinery and petrochemical complex in southern China, Reuters reported on Thursday, quoting executives and an official with the Chinese company and its parent CNPC.
News ID: 3518 Publish Date : 2019/02/02
Iran will hold the 4th session of direct sales of oil to domestic and international buyers through its energy bourse on February 4th.
News ID: 3498 Publish Date : 2019/01/30
Iranian Ambassador to Beijing Mohammad Keshavarzzadeh underlined his country's vital role in secured energy supplies to China.
News ID: 3495 Publish Date : 2019/01/30
Refiners in India are examining their feedstock options after the US announced yesterday that it will impose sweeping sanctions on Venezuela´s state-owned oil company PdV.
News ID: 3486 Publish Date : 2019/01/29
Oil prices fell on Monday after US energy firms added rigs for the first time this year in a sign that crude production there may rise further, and as China, the world’s second-largest oil user, reported additional signs of an economic slowdown.
News ID: 3460 Publish Date : 2019/01/29
The Iranian foreign ministry announced on Monday that the financial channel launched by Switzerland to further develop relations with Tehran is not related to the Special Purpose Vehicle (SPV) which was due to facilitate trade between Iran and the EU.
News ID: 3456 Publish Date : 2019/01/28
Iran started construction of a large petrochemical refinery complex in Bandar Jask port on the coast of the Gulf of Oman, cutting the distance between the high seas and its petrochemical terminals by around 600 kilometers.
News ID: 3449 Publish Date : 2019/01/28
Russia remained China's top crude oil supplier in 2018 by boosting shipments 20% year on year to 1.44 million bpd, while the US ended the year with a robust 60% growth in shipments to Asia's biggest oil consumer, despite trade tensions squeezing volumes towards the later part of the year.
News ID: 3447 Publish Date : 2019/01/28
