Oil tanker owners are raising the prices they charge to export Middle East crude as tensions surge in a region that accounts for about a third of all seaborne petroleum shipments.
News ID: 4899 Publish Date : 2019/06/25
International cooperation on crude production has helped stabilize oil markets and is more important now than ever, Russian Energy Minister Alexander Novak said Monday.
News ID: 4898 Publish Date : 2019/06/25
Crude and condensate in long-term floating storage hit its highest since August 2017 in May at 24 million barrels, as US sanctions against Venezuela and Iran hindered the ability of the OPEC members to export, data from analytics firm Vortexa showed.
News ID: 4882 Publish Date : 2019/06/23
The main index of Tehran Stock Exchange TEDPIX lost 1,000 points or 0.43% on Tuesday to end trading day at 237,148 points.
News ID: 4847 Publish Date : 2019/06/19
Oil tankers ablaze in the Gulf of Oman and the US pointing the finger at Iran should be enough to send the price of the world’s most vital commodity skyrocketing.
News ID: 4842 Publish Date : 2019/06/19
Saudi Energy Minister Khalid al-Falih said on Sunday that OPEC would probably meet in the first week in July in Vienna and that he hoped it would reach consensus on extending its agreement to cut oil output.
News ID: 4841 Publish Date : 2019/06/18
The government has no plans to remove Oil Minister Bijan Namdar Zanganeh from his post, the government spokesman said on Monday.
News ID: 4840 Publish Date : 2019/06/18
The Iranian Parliament’s Research Center (IPRC) released a new plan on how to deflate the US economic pressures by cutting off dependence on oil revenues as a counter-strategy against the US sanctions on Iranian crude supplies.
News ID: 4790 Publish Date : 2019/06/10
Iran’s domestic coal consumption revolves around 2 million tons per year, 1.5 million tons of which are supplied by domestic production while the remaining 500,000 tons are imported.
News ID: 4785 Publish Date : 2019/06/09
Preliminary data released by Japan’s Ministry of Finance show that the country’s crude oil imports from Iran dropped 42% month-on-month to 169,100 barrels per day in April.
News ID: 4783 Publish Date : 2019/06/09
After GAIL, ONGC too has expressed angst at overcharging by domestic steelmakers. The state-run oil and gas major has alleged that domestic firms have quoted prices on 'the higher side’ in reply to its tenders invited for procurement of regular casing pipes.
News ID: 4767 Publish Date : 2019/06/07
Preliminary data released by Japan’s Ministry of Finance show that the country’s crude oil imports from Iran dropped 42% month-on-month to 169,100 barrels per day in April.
News ID: 4740 Publish Date : 2019/06/03
Although refiners in Asia are not left without choice for crude after the end of the US sanction waivers for Iranian oil, the higher price of alternative supplies, as well as soaring fuel exports from China, are depressing refining margins across Asia.
News ID: 4727 Publish Date : 2019/06/02
Oil slumped over 3% on Friday and posted its biggest monthly drop in six months, after US President Donald Trump stoked global trade tensions by threatening tariffs on Mexico, a key US trade partner and major supplier of crude oil.
News ID: 4726 Publish Date : 2019/06/02
Top oil exporter Saudi Arabia has raised production in May, a Reuters survey found, but not by enough to compensate for lower Iranian exports which collapsed after the United States tightened the screw on Tehran.
News ID: 4713 Publish Date : 2019/06/01
The oil market is expected to be in balance toward the end of 2019, as global inventories fall and demand remains strong, but OPEC’s job is not done yet, Kuwait’s oil minister told Reuters.
News ID: 4675 Publish Date : 2019/05/30
Russia will carefully consider extending its oil output reduction agreement with the Organization of the Petroleum Exporting Countries and other producers, Russian First Deputy Prime Minister Anton Siluanov told Reuters on Wednesday.
News ID: 4674 Publish Date : 2019/05/30
India has officially ended all oil imports from Iran, India’s Ambassador to the United States Harsh Vardhan Shringla said on Wednesday, after Prime Minister Narendra Modi managed to emerge victorious from India’s elections.
News ID: 4659 Publish Date : 2019/05/28
Isfahan Refinery is to build a unit to process its mazut output, managing director of the National Iranian Oil Refining and Distribution Company said.
News ID: 4657 Publish Date : 2019/05/28
A spokesman of the Afghan ministry of oil and gas rejected media reports claiming that the country has stopped crude imports from Iran.
News ID: 4631 Publish Date : 2019/05/23
