Ecuador will restart crude loadings next week after the OCP repaired its heavy crude pipeline.
News ID: 9369 Publish Date : 2020/05/07
India's extension of its nationwide lockdown has further dented the near-term prospects of recovery for thermal coal and petroleum coke imports, with several consuming industries reluctant to ramp up operations amid weak demand.
News ID: 9303 Publish Date : 2020/05/04
Covid-19 is threatening Australia's mining and petroleum services industry, potentially limiting the ability of the resources and energy sectors to quickly rebound by creating skills shortages and reducing the availability of key equipment and services.
News ID: 9268 Publish Date : 2020/04/29
SK Innovation, South Korea's largest refiner, will likely need to further reduce the operating rate of its 840,000 b/d Ulsan complex because the impact of the Covid-19 pandemic on oil products exports will be felt more fully this summer.
News ID: 9240 Publish Date : 2020/04/27
China maintained strong crude imports from Russia and Saudi Arabia in March, but again took no US cargoes despite reducing import tariffs a month earlier.
News ID: 9234 Publish Date : 2020/04/27
Qatari state-owned energy firm Qatar Petroleum (QP) has announced the integration of petrochemical firm SEEF into its operations, with QP Operations (Refining) to manage SEEF's facilities.
News ID: 9202 Publish Date : 2020/04/20
North Atlantic will idle its 115,000 b/d refinery in Come-by-Chance, Newfoundland, on concerns that continued operations would be unsafe, the company said.
News ID: 9005 Publish Date : 2020/04/01
A nationwide lockdown in India is prompting cement producers to seek deferments on the loading of cargoes of petroleum coke, which they use as a fuel for production. These high-sulphur coke cargoes were due for loading from refineries in the US and Saudi Arabia.
News ID: 8855 Publish Date : 2020/03/25
Oil futures surged in aftermarket trading after Donald Trump said the US government will take advantage of low oil prices and buy "large quantities" of crude to fill the Strategic Petroleum Reserve.
News ID: 8716 Publish Date : 2020/03/14
First quarter global petroleum and liquid fuels consumption will fall by nearly 1pc in 2020 and demand growth will slow as worldwide travel stalls in response to a rapidly spreading coronavirus, according to the Energy Information Administration (EIA).
News ID: 8681 Publish Date : 2020/03/11
Iran’s former ambassador to the Organization of the Petroleum Exporting Countries (OPEC) said the global oil prices will probably continue to decline, which would be to the detriment of Saudi Arabia.
News ID: 8665 Publish Date : 2020/03/09
Iranian Oil Minister Bijan Namdar Zangeneh said that the joint ministerial meeting of the 14-state Organization of Petroleum Exporting Countries (OPEC) plus 10 more friendly oil producers such as Russia (which together make up OPEC+) on Friday in Vienna did not bear any fruit as the participants failed to reach a unanimous decision.
News ID: 8598 Publish Date : 2020/03/07
Oil prices slumped to their lowest in more than a year on Friday and were set for their steepest weekly fall in more than four years as the spread of the coronavirus stokes fears of slowing global demand.
News ID: 8529 Publish Date : 2020/02/28
Pakistan’s Special Assistant to Prime Minister on Petroleum Affairs Nadeem Babar said that his country is committed to broaden cooperation with Iran in the energy sector.
News ID: 8341 Publish Date : 2020/01/25
Venezuela's opposition-run parallel administration is close to an agreement with Aruba to suspend a lease on oil assets managed by Citgo Petroleum , the US refining subsidiary of Venezuelan state-owned PdV.
News ID: 8319 Publish Date : 2020/01/23
The Organization of the Petroleum Exporting Counters and its allies, known as OPEC+, may consider wrapping up their oil output reduction in 2020, Russian Energy Minister Alexander Novak said on Friday.
News ID: 8127 Publish Date : 2019/12/27
Venezuela's state-owned PdV is shipping petroleum coke to Cuba to reduce stockpiles of the oil byproduct at the 940,000 b/d CRP refining complex in Falcon state, according to multiple company officials.
News ID: 7588 Publish Date : 2019/11/27
The Organization of Petroleum Exporting Countries and its allies face stiffening competition in 2020, the International Energy Agency said Friday, adding urgency to the oil producer group’s policy meeting next month.
News ID: 7471 Publish Date : 2019/11/15
Oil prices gained on Friday after OPEC’s forecast for oil demand next year fueled hopes that the producer group and allies will maintain supply cuts when they meet to discuss policy on output next month.
News ID: 7470 Publish Date : 2019/11/15
Oil Minister Bijan Namdar Zanganeh was quoted as saying Monday that he expects further production cuts to be announced at the next meeting of the Organization of the Petroleum Exporting Countries in December.
News ID: 7236 Publish Date : 2019/11/04