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
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