The National Iranian Oil Company Exploration Directorate (NIOCEXP) has discovered a huge oil reserve with more than 50 billion barrels of crude, said President Hassan Rouhani on Sunday.
News ID: 7347 Publish Date : 2019/11/10
Ahandful of protesters on the ground floor of the cavernous Cape Town International Convention Centre spread fake oil on the ground and chanted, demanding an end to fossil fuels.
News ID: 7345 Publish Date : 2019/11/09
The managing director of Iran’s Jey Oil Refining Company said the company, the biggest exporter of bitumen in Iran and the Middle East, is exporting the product to 19 countries.
News ID: 7330 Publish Date : 2019/11/09
Crude oil futures fell on Friday amid lingering uncertainty on whether, and when, the United States and China will agree a long-awaited deal to end their bitter trade dispute, the gloom compounded by rising crude inventories in the United States.
News ID: 7329 Publish Date : 2019/11/09
South Korean paraxylene (PX) producer S-Oil has changed the pricing basis for its 2020 term contract to include Argus cfr Taiwan and China assessments.
News ID: 7322 Publish Date : 2019/11/08
Brazil's former president Luiz Inácio Lula da Silva left prison this afternoon, firing up his traditional popular base that opposes Brazil's broad opening to private-sector oil investment.
News ID: 7311 Publish Date : 2019/11/08
Oilfield services company Baker Hughes said its facilities that were seized yesterday by a local mayor in Zulia state for alleged municipal tax evasion have returned to regular operations.
News ID: 7310 Publish Date : 2019/11/09
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
