Oil prices rose more than 1% on Tuesday after the main US energy forecasting agency predicted shale output in the world’s biggest crude producer would fall by the most on record in April, adding to cuts from other major producers.
News ID: 9163 Publish Date : 2020/04/14
Republican US senators from oil states who recently introduced legislation to remove American troops from Saudi Arabia said on Saturday they had spoken with three officials from the kingdom and urged them to take concrete action to cut crude output.
News ID: 9128 Publish Date : 2020/04/12
The South Korean jet fuel differential has fallen to the lowest levels since at least 2008 amid weak domestic demand caused by the impact of Covid-19 and higher exports.
News ID: 9075 Publish Date : 2020/04/08
State-controlled Qatar Fuel's subsidiary Woqod has issued its third tender this year to import 12,000-15,000t of bitumen for delivery from 25 April to 5 May.
News ID: 9072 Publish Date : 2020/04/08
Lower refined products demand as a result of stay-at-home orders around the globe is reducing anode-grade green petroleum coke production and affecting some calcined coke supply.
News ID: 9070 Publish Date : 2020/04/08
Foundries in particular have immense potential to benefit from the diverse “IoT” opportunities of the future. In our industry, fast processes, strict monitoring of product development and avoidance of work hazards when dealing with hot material are important.
News ID: 9049 Publish Date : 2020/04/06
Mexico's government cut its estimate for the worth of a portfolio of long-awaited energy investment plans amid the lowest crude prices in years and the coronavirus pandemic.
News ID: 9048 Publish Date : 2020/04/06
China is sharply restricting the number of international flights it will allow in and out of the country as the global spread of the coronavirus threatens to trigger a rebound in cases.
News ID: 8872 Publish Date : 2020/03/26
Karel Oldenburger, General Manager, commented “If those piles have just been produced and lifted out, they have another dangling point. That is aluminium at its best.”
News ID: 8833 Publish Date : 2020/03/23
The US government has sanctioned another five companies it says are linked to petrochemical and oil purchases from Iran, taking to 12 the number of companies sanctioned in the last few days.
News ID: 8804 Publish Date : 2020/03/20
Conventional water treatment methods (filtration and disinfection) used in drinking water networks across the country are functioning as designed and prevent all waterborne pathogens, head of the Energy Ministry's crisis management department said.
News ID: 8769 Publish Date : 2020/03/17
Japan's energy demand is predicted to weaken over the next fiscal year starting 1 April as the spread of the coronavirus pandemic slows the country's economic activity.
News ID: 8763 Publish Date : 2020/03/18
The coronavirus pandemic has stoked concerns of a global economic recession as it spreads across the world, igniting one of the sharpest oil price plummets in the last 30 years and causing the biggest stock plunge on Wall Street since the stock market crash in 1987.
News ID: 8717 Publish Date : 2020/03/14
India's plans to add more coal-fired power plants and grow its renewable energy portfolio is facing a threat from the coronavirus outbreak, which has hit manufacturing and put further pressure on the economy.
News ID: 8699 Publish Date : 2020/03/12
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 Oil Minister Bijan Namdar Zanganeh expressed hope that his country will have a daily output of 1 billion cubic feet from the under-development phase 11 of the South Pars gas field, the world's largest gas reservoir.
News ID: 8668 Publish Date : 2020/03/11
Jean-Sebastien Jacques, CEO, Rio Tinto, will be meeting the federal and State Government ministers of Australia about to discuss on the future of Tomago Aluminium smelter.
News ID: 8593 Publish Date : 2020/03/06
Tension and uncertainty over Guyana's parliamentary election results have clouded the forecast for the country's emerging oil industry.
News ID: 8583 Publish Date : 2020/03/06
China's Guangzhou municipal government will offer a subsidy of 10,000 yuan/unit ($1,439) to new energy vehicles (NEVs) buyers during March-December this year to support the industry amid reduced demand caused by the coronavirus outbreak.
News ID: 8576 Publish Date : 2020/03/04
Iran and Libya — two of the three Opec member states exempt from the production agreement — have different opinions on the need to extend or deepen the cuts.
News ID: 8575 Publish Date : 2020/03/04