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
Iranian Oil Minister Bijan Namdar Zanganeh said that his country is going to set up 2 petrochemical plants in the Northern provinces of the country near the Caspian Sea, adding that the new installations will be 100% eco-friendly and in full compliance with all environmental standards.
News ID: 6558 Publish Date : 2019/10/06
Iranian Oil Minister Bijan Namdar Zanganeh said the international energy market must be separated from politics and be shielded from outside interference.
News ID: 6554 Publish Date : 2019/10/02
The national budget law for the current Iranian calendar year (started on March 21) obliges the Oil Ministry to offer at least two million barrels of light crude oil, two million barrels of heavy crude oil and two million barrels of gas condensate at the international ring of Iran Energy Exchange (IRENEX) every month.
News ID: 6520 Publish Date : 2019/10/05
Iran is going to allocate all revenues from oil sales to the development projects following structural reforms in the next Iranian calendar year’s (March 2020-March 2021) budget bill, IRIB reported on Monday, quoting the head of Planning and Budget Organization (PBO) as saying.
News ID: 6511 Publish Date : 2019/10/03
To avoid future dependency on China for lithium batteries, Indian Oil Corporation Limited (IOCL) will reportedly make an alumina-based battery, which will be used for running electric vehicles.
News ID: 6280 Publish Date : 2019/08/29
Iranian Oil Minister Bijan Namdar Zanganeh reassured that the country’s oil output can increase to pre-sanctions’ volume 3 days after limitations are removed.
News ID: 6276 Publish Date : 2019/08/29
Iranian Oil Minister Bijan Namdar Zanganeh said that his country stands atop members of the Organization of the Petroleum Exporting Countries (OPEC) in production of gasoline, stressing plans to increase exports.
News ID: 6273 Publish Date : 2019/08/29
K enya's President Uhuru Kenyatta flagged off the country's first export shipment of oil Monday, more than 200,000 barrels of crude.
News ID: 6268 Publish Date : 2019/08/29
National Iranian Drilling Company (NIDC) has dug 124 oil and gas wells across the country during the past year, Shana reported quoting the managing director of the company as saying on Sunday.
News ID: 6245 Publish Date : 2019/08/26
