The OPEC 175th ministerial meeting was held in Vienna at a time some member states were unhappy with unilateral decisions adopted by some fellow members without having won OPEC consensus.
News ID: 3179 Publish Date : 2019/01/06
A member of the Iranian parliament said the amount of petrodollars projected to be generated in the national budget bill would be sufficient to run the country.
News ID: 3178 Publish Date : 2019/01/06
The CEO of the National Petrochemical Company (NPC) said the sanctions and the current economic pressure on Iran could not throw a wrench in the productivity of petrochemical plants in the country.
News ID: 3177 Publish Date : 2019/01/06
OPEC crude cargoes leaving for the United States in December dropped to the lowest level in at least five years, data from Refinitiv Eikon and market intelligence firm Kpler show.
News ID: 3171 Publish Date : 2019/01/06
Turkey's crude oil import profile is set for major changes this year following the re-imposition of US sanctions against its main crude supplier, Iran, coupled with the commissioning of Socar's new 214,000 bpd STAR refinery.
News ID: 3170 Publish Date : 2019/01/06
Economy Minister Farhad Dejpasand asserted that Iran’s economic cooperation with other countries is growing, reassuring that US plots against the country’s economy will not get realized.
News ID: 3168 Publish Date : 2019/01/05
Iranian Deputy Oil Minister for international affairs and commerce Amir-Hossein Zamani-Nia said the number of potential buyers of Iran’s oil has increased despite US threats of sanctions.
News ID: 3165 Publish Date : 2019/01/05
Oil rose towards $57 a barrel on Friday after China said it would hold talks with the United States to look for solutions to a trade dispute, while signs of lower crude supply also supported prices.
News ID: 3153 Publish Date : 2019/01/04
Chinese state-owned oil major Sinopec sank as much as 5% in stock markets last week following reports of massive losses from petroleum contracts and the suspension of two executives.
News ID: 3139 Publish Date : 2019/01/02
India's Finance Ministry exempted rupee payments made to the National Iranian Oil Company (NIOC) for crude imports from hefty taxes.
News ID: 3127 Publish Date : 2019/01/01
US crude exports to Europe fell to an 11-month low this month as a shrinking discount and rising shipping costs squeezed demand for US barrels, according to Refinitiv Eikon data and analysts.
News ID: 3119 Publish Date : 2018/12/31
Kuwait's new oil minister, Khaled Al-Fadhel, has pledged an ongoing commitment to OPEC's production cuts in his first statement to the Kuwait News Agency after being appointed last week.
News ID: 3112 Publish Date : 2018/12/30
Iran’s foreign debt will drop to $9.3 billion by the end of the current Iranian year (March 20, 2019) as the country’s oil exports will stand at one million barrels per day (bpd) next year, the World Bank predicted.
News ID: 3111 Publish Date : 2018/12/29
Asia-Pacific light-grade base oil prices held in a narrow range in 2018 as steady demand absorbed growing supplies. Heavy-grade prices were in a much wider range, with values surging in the first quarter of the year before sliding steadily throughout the rest of the year.
News ID: 3104 Publish Date : 2018/12/28
Base oil prices in the Baltic and Black Sea markets held in a relatively narrow range throughout 2018.
News ID: 3103 Publish Date : 2018/12/28
Exports of Russian ESPO Blend crude to China will continue to rise in 2019 as other Asia-Pacific refiners turn to alternative light crudes.
News ID: 3100 Publish Date : 2018/12/28
The European diesel market will remain well supplied in the first half of 2019, although pockets of tightness could emerge in regional markets as sustained gasoil backwardation cuts into stock levels.
News ID: 3091 Publish Date : 2018/12/27
Russian Energy Minister Alexander Novak said on Wednesday that oil prices, which fell by more than a third this quarter, would become more stable in the first half of 2019.
News ID: 3085 Publish Date : 2018/12/27
Asian biodiesel exports should receive a boost if the EU carries through plans to impose anti-subsidy duties (ASDs) on Argentinian biodiesel imports – but higher biodiesel blend mandates in Malaysia and Indonesia may limit export quantities available in 2019.
News ID: 3084 Publish Date : 2018/12/26
New Commander of Khatam al-Anbiya Construction Headquarters Saeed Mohammad announced that the third phase of Iran's Persian Gulf Star Refinery (PGSR) will be accomplished before the yearend and the fourth phase will be constructed with 100% home-made parts.
News ID: 3081 Publish Date : 2018/12/26
