oil

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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

London, 5 November (Argus) ? Non-Opec crude supply will grow in excess of global oil demand in the next five years, driven by higher US output, Opec said in its World Oil Outlook (WOO).
News ID: 7226    Publish Date : 2019/11/05

Iranian Oil Minister Bijan Namdar Zanganeh said on Sunday that Iran will use any possible way to export its oil , stressing that exporting crude was the country’s legitimate right.
News ID: 7175    Publish Date : 2019/10/06

Big oil companies need to cut oil production by 35% by 2040 in order to preserve shareholder value in a changing world, Carbon Tracker, a London-based think tank researching the impact of climate change on financial markets, has warned.
News ID: 7126    Publish Date : 2019/11/03

Oil slipped toward $61 a barrel on Monday, falling for a second day, pressured by expectations for a rise in US crude inventories and fading optimism over a US-China trade deal.
News ID: 7100    Publish Date : 2019/10/29

Russia lowered its oil output to 11.23 million barrels per day last month from 11.25 million bpd in September, missing again its obligations under a global pact to curb production, energy ministry data showed on Saturday.
News ID: 7099    Publish Date : 2019/11/02

Argentina authorized a 5pc increase in retail motor fuel prices as it continues to dismantle a 90-day oil price freeze that was imposed in August.
News ID: 7072    Publish Date : 2019/10/31

Brazil is targeting a Greek-flagged tanker as the source of a catastrophic oil spill that has spread across the northeastern coast.
News ID: 7066    Publish Date : 2019/11/01

Iran would need oil priced at $194.6 a barrel to balance its budget next year, the International Monetary Fund said.
News ID: 7040    Publish Date : 2019/10/29

Global markets are “awash” in crude thanks to the surge in US oil output, and the boom looks set to continue, US Energy Secretary Rick Perry said in a Bloomberg TV interview.
News ID: 7039    Publish Date : 2019/10/27

Oil slipped toward $61 a barrel on Monday, falling for a second day, pressured by expectations for a rise in US crude inventories and fading optimism over a US-China trade deal.
News ID: 7038    Publish Date : 2019/10/29

The Iranian Offshore Engineering and Construction Company (IOEC) is the second local company which has won exploration agreement with the National Iranian Oil Company (NIOC), as the country is showing more self-dependence in developing its oil industry after US sanctions.
News ID: 6906    Publish Date : 2019/10/23

US oil production is likely to peak in the next few years as current petroleum prices are capping the pace of expansion, Russian Energy Minister Alexander Novak said on Tuesday.
News ID: 6902    Publish Date : 2019/10/22

Saudi Aramco’s IPO looks doomed to failure as it targets a $2 trillion flotation. Tepid oil prices, the fraught politics of the Middle East and the demonization of fossil fuel producers in response to climate change fears have all made the initial public offering (IPO) a mission impossible.
News ID: 6900    Publish Date : 2019/10/23

Several marine fuel suppliers have started selling 0.5pc sulphur fuel oil in Hamburg, just over two months before the International Maritime Organisation's (IMO) regulations will cap allowed sulphur content at 0.5pc.
News ID: 6828    Publish Date : 2019/10/22

A minor fire at Iran’s oldest and largest oil refinery in the Southwestern city of Abadan has been completely extinguished, authorities announced on Monday, underlining that the event left insignificant damage and production has survived intact.
News ID: 6813    Publish Date : 2019/10/21

Head of Iran’s most profitable petrochemical plant said foreign sanctions on the country’s petrochemical industry have ended in complete failure.
News ID: 6811    Publish Date : 2019/10/21

Gas production at one of the platforms of the giant South Pars Gas Field off the Persian Gulf, which had been damaged, has been fully repaired, the operations manager of Pars Oil and Gas Company said.
News ID: 6808    Publish Date : 2019/10/20

Governor of the Central bank of Iran (CBI) Abdolnasser Hemmati announced that the country has further reduced its reliance on oil revenues to bring the share of the income earned though crude sales in the budget to less than 30 percent.
News ID: 6750    Publish Date : 2019/10/20

The OPEC+ group of oil producers will need to make deeper output cuts when they meet in December. That is the inescapable conclusion from the latest round of monthly reports published by the three big oil -forecasting agencies.
News ID: 6745    Publish Date : 2019/10/19

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