Energy

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Opec+ countries plan to discuss a "new, substantial" cut in production this week and appear to have already reached an agreement to extend current quotas, Algerian energy minister Mohamed Arkab said today.
News ID: 8552    Publish Date : 2020/03/03

The Opec+ group will meet in Vienna this week as planned, despite growing concerns over coronavirus, Opec sources told Argus.
News ID: 8534    Publish Date : 2020/03/02

Officials announced that recent rainfalls in Iran have increased average precipitation for the water year in the country, raising water levels in dam reservoirs across the country.
News ID: 8528    Publish Date : 2020/02/28

Negotiations for the March paraxylene (PX) Asia Contract Price (ACP) have failed to settle for a third straight month because of a wide bid-offer gap amid a volatile market.
News ID: 8514    Publish Date : 2020/02/27

Crude oil prices gave up early gains and slid for a fourth day on Wednesday as fears of a coronavirus pandemic deepened as the outbreak spread in several countries outside China.
News ID: 8507    Publish Date : 2020/02/26

Global demand for LNG grew by 12.5% to 359 million tons in 2019, according to Royal Dutch Shell’s latest annual LNG Outlook, bolstering LNG’s growing role in the transition to a lower-carbon energy system.
News ID: 8494    Publish Date : 2020/02/25

In the Ludwig Frischhut iron foundry in Neumarkt-Sankt Veit in southern Germany, synthetic molding sand is processed using the latest generation of mixing tools.
News ID: 8482    Publish Date : 2020/02/24

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

As it struggles with its energy needs, Iraq is set to hold a fifth bidding round for exploration and development of natural gas fields in an eastern province of the country.
News ID: 8337    Publish Date : 2020/01/24

Oil slipped towards $65 a barrel on Friday as the threat of war in the Middle East receded and investors focused on rising US inventories and other signs of ample supply.
News ID: 8278    Publish Date : 2020/01/10

The United Arab Emirates’ energy minister said on Wednesday he saw no immediate risk to oil passing through the vital gateway of the Strait of Hormuz after Iran attacked bases housing US forces in Iraq.
News ID: 8274    Publish Date : 2020/01/08

Norwegian state-controlled Equinor will drill around 100 new wells at its North Sea Statfjord field in the next 10 years as part of a new plan to extend the field's life beyond 2035.
News ID: 8261    Publish Date : 2020/01/09

Log9 Materials, a Bengaluru-based start-up, believes that the fundamental is to focus on the generation of energy, in place of energy storage. It says that a car powered by aluminium fuel cells can have a drive of 1000 km, post which the aluminium plates can be replaced within minutes.
News ID: 8256    Publish Date : 2020/01/08

Mexico's government will not relaunch upstream auction rounds this year but will unveil a series of new energy projects by mid-February, President Andres Manuel Lopez Obrador said.
News ID: 8247    Publish Date : 2020/01/08

According to a recent report, the UK-based aluminium flat-rolled products company Bridgnorth Aluminium has successfully secured ASI Performance Certification for responsible production, sourcing and stewardship of aluminium. The certification covers the manufacture of lithographic coils, foilstock, transformer windings and formable aluminium strips/coils for automotive heat and sound absorbing components.
News ID: 8237    Publish Date : 2020/01/07

President Hassan Rouhani inaugurated three dams and an irrigation network in the northwestern Ardabil Province on Wednesday.
News ID: 8192    Publish Date : 2020/01/01

Iran’s revenues from liquefied petroleum gas (LPG) is significantly rising as the country has addressed the domestic need to energy with linking homes and industries to the natural gas network.
News ID: 8183    Publish Date : 2020/01/01

Azerbaijan’s President Ilham Aliyev said his country has already established transmission lines with Russia and Iran, adding that Baku is eyeing for further trilateral energy cooperation in an upcoming meeting of the energy ministers of the three countries.
News ID: 8164    Publish Date : 2019/12/31

According to the data from the Ministry of Industry and Information Technology (MIIT), China in November produced about 89,000 units of qualified new energy passenger vehicles, up 23.96 per cent from October, backed by the outstanding performance of the pure electronic vehicles market. But yearly basis, the output recorded a decline for the fifth consecutive month by almost 42 per cent.
News ID: 8157    Publish Date : 2019/12/30

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

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