oil

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Ships fitted with exhaust gas cleaning systems in September spent an average of 44 days out of service, a 33pc increase from 33 days for installation of such scrubber systems in June, according to shipping firm Clarksons.
News ID: 6716    Publish Date : 2019/10/18

ExxonMobil is banning the use of any ship that has visited Venezuela in the last year to fulfill future crude shipments, a move that could effectively sideline hundreds of tankers from working for the company.
News ID: 6713    Publish Date : 2019/10/18

Venezuela's opposition-controlled National Assembly signaled to bondholders today that it will not honor a $914mn principal and interest obligation because it says the debt issuance is unconstitutional.
News ID: 6671    Publish Date : 2019/10/15

Russian Energy Minister Alexander Novak said on Monday there were no talks underway to change the global output deal under which OPEC and non-OPEC oil -producing countries have curbed output in order to support prices.
News ID: 6649    Publish Date : 2019/10/14

Oil prices fell Monday as scant details about the first phase of a trade deal between the United States and China undercut optimism over a US-Sino thaw that had helped lift crude markets by 2% at the end of last week.
News ID: 6648    Publish Date : 2019/10/14

"Additional aggressive actions in the region are likely in the months ahead," Paul Sheldon, chief geopolitical advisor with S&P Global Platts Analytics, said in a recent note.
News ID: 6646    Publish Date : 2019/10/09

The deputy head of the National Iranian Oil Company (NIOC) announced that a massive gas field has been discovered south of the country.
News ID: 6638    Publish Date : 2019/10/13

OPEC trimmed its forecast for oil demand growth for the third month in a row on Thursday, citing weaker-than-expected data in the Asia Pacific region as well as advanced economies in the Americas.
News ID: 6633    Publish Date : 2019/10/11

Oil prices jumped more than 2% on Friday after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions weeks after attacks on Saudi oil plants.
News ID: 6632    Publish Date : 2019/10/11

Rates to charter oil tankers from the Persian Gulf, United Kingdom and the US Gulf Coast to Asia surged to fresh highs on Friday as global oil traders grappled with a tanker shortage in the aftermath of US sanctions on units of Chinese giant COSCO.
News ID: 6631    Publish Date : 2019/10/12

OECD commercial oil stocks are close to record levels seen during most of 2016, and are "a big insurance policy" in case of disruptive events such as the attacks on Saudi Arabia's oil infrastructure last month, the IEA said today.
News ID: 6627    Publish Date : 2019/10/11

Venezuela is denying that it is the source of an oil spill spread across 2,000km (1,242mi) of Brazilian coastline.
News ID: 6620    Publish Date : 2019/10/11

Chinese oil imports from ship-to-ship transfers surged last month as flows from some traditional suppliers were crimped by the White House’s aggressive trade and foreign policies.
News ID: 6601    Publish Date : 2019/10/09

Iranian Oil Minister Bijan Namdar Zangeneh reassured that his country has mastered the ways to circumvent the US bans on its crude exports, reiterating that Washington will be unable to inflict a serious damage on Tehran’s huge oil industry.
News ID: 6595    Publish Date : 2019/10/09

A huge gas reserve has been discovered in Iran’s Southern province of Fars, after a year of extensive exploration in the region.
News ID: 6593    Publish Date : 2019/10/09

Oil prices increased on Tuesday as unrest in Iraq and Ecuador raised supply concerns, but worries about US-China trade negotiations capped the market’s gains after President Donald Trump said a quick deal was unlikely.
News ID: 6589    Publish Date : 2019/10/08

Iranian Minister of Petroleum Bijan Zangeneh said there had been talks with a number of domestic firms to develop the South Pars Oil Layer (SPOL), however no results have been obtained so far.
News ID: 6576    Publish Date : 2019/10/08

S audi Aramco’s trading arm bought 70,000 tons of naphtha from Indian Oil Corp on Friday at premiums not seen since 2013 as it seeks to plug a supply gap following Sept. 14 attacks on its facilities, trade sources said on Monday.
News ID: 6566    Publish Date : 2019/10/07

The diversity of petrochemicals produced in Iran is expected to be enhanced by 2025 as the country is planning to realize the sector’s second and third leaps by 2025.
News ID: 6564    Publish Date : 2019/10/06

The CEO of the National Iranian South Oil Company (NISOC) said the company was prepared to bring its oil production to maximum in the shortest time possible.
News ID: 6563    Publish Date : 2019/10/06

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