Oil eased on Wednesday but was still near a four-week high after top exporter Saudi Arabia said it was determined to end a supply glut that has been weighing on the market for three years.
News ID: 1475 Publish Date : 2017/10/26
The global oil market is not controlled by the Organization of Petroleum Exporting Countries, a group of 14 nations that produce around 40% of the world's crude, OPEC's secretary-general said.
News ID: 1465 Publish Date : 2017/10/24
Oil demand will grow at a healthy pace over the next five years, as renewables show the fastest expansion of any type of energy, the head of the Organization of Petroleum Exporting Countries said.
News ID: 1437 Publish Date : 2017/10/17
Khazar Exploration and Production Company (KEPCO) signed a memorandum of understanding with the National Iranian Oil Company on Saturday to expand scientific, technical and exploratory collaboration in the oil- and gas-rich region.
News ID: 1433 Publish Date : 2017/10/16
A top official at Iran's state oil company on Saturday sought to ensure that the country's key petroleum industry will not be rattled by US President Donald Trump's decision to decertify Tehran's compliance with the 2015 nuclear deal, a move that experts say can have major ramifications for its economy and energy sector.
News ID: 1426 Publish Date : 2017/10/15
India wants to attract foreign investments for $300 billion of energy projects planned for the next decade, its oil minister said, as the world’s third biggest oil consumer aims to cut imports.
News ID: 1418 Publish Date : 2017/10/12
Iran continues to remain a top performer in a global deal to cut oil supplies as data by OPEC showed the country pump around 3.82 million barrels per day for a second consecutive month in September.
News ID: 1416 Publish Date : 2017/10/12
Iran aims to finalize and implement about $5 billion worth of projects to raise production from its crude oil and natural gas fields, Oil Minister Bijan Namdar Zanganeh said on Tuesday.
News ID: 1407 Publish Date : 2017/10/11
Denmark's major offshore explorer Maersk Oil is in a strong position to win a contract to produce ultra-light crude from Iran's South Pars gas field and its recent acquisition by France's Total will not adversely affect the potential deal, an official at the National Iranian Oil Co. said.
News ID: 1388 Publish Date : 2017/10/07
Russian President Vladimir Putin said Moscow is open to extending a deal with OPEC to curb oil supplies to the end of 2018, though he will wait to make a decision near the expiry of the current pact in March.
News ID: 1383 Publish Date : 2017/10/06
Lukoil signed two preliminary agreements with the National Iranian Oil Company on Tuesday to study the Caspian Sea's oil and gas potentials, paving the way for Russia's second-largest oil producer to further cement its position in Iran's petroleum market.
News ID: 1378 Publish Date : 2017/10/06
Metso is expanding the coverage of its flow control solutions with a distribution agreement with the Croatia-based company Eco Consult d.o.o. The agreement was signed in 2017, and orders have already been placed for refinery and geothermal projects.
News ID: 1374 Publish Date : 2017/10/03
Iran set yet another timeline on Monday for signing a deal to develop its coveted Azadegan Oilfield which has been in the media spotlight in the past two years as the first of a string of upstream projects to be developed in collaboration with multinationals.
News ID: 1369 Publish Date : 2017/10/03
Crude oil production from the giant South Azadegan field near the Iraqi border has increased by 22,000 barrels per day.
News ID: 1361 Publish Date : 2017/09/27
OPEC’s commitment to cutting production to clear a global glut is working, but the group needs to address rising output from Libya and Nigeria, Iran’s Oil Minister Bijan Namdar Zanganeh said.
News ID: 1351 Publish Date : 2017/09/26
Lukoil plans to keep pumping 100 million tons of oil per year between 2018 and 2027 with projects outside Russia, including potential investments in Iranian oilfields, to keep annual investment at $8-8.5 billion, the chief executive said on Saturday.
News ID: 1345 Publish Date : 2017/09/25
Iran's light crude extended its rally to $54 per barrel in the week to September 15 along with a global upturn in oil market.
News ID: 1338 Publish Date : 2017/09/24
Operations to swap crude oil consignments shipped from Turkmenistan to the port of Neka in northern Iran with deliveries in the Persian Gulf
News ID: 1323 Publish Date : 2017/09/20
An unnamed Iranian company will build the first jacket platform for South Pars Gas Field's Phase 11 in the Persian Gulf, the head of the Society of Iranian Petroleum Industry Equipment Manufacturers said on Tuesday.
News ID: 1322 Publish Date : 2017/09/20
Iran has increasingly expanded its footprint in the European oil market since last year's lifting of sanctions, with ports and terminals in Europe taking in nearly 35% of Iranian crude exports.
News ID: 1313 Publish Date : 2017/09/17
