oil

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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

The United States is increasing its oil imports from Russia, according to a Bloomberg source, as US refineries clamor for more oil now that refineries oil supplies have dried up.
News ID: 4629    Publish Date : 2019/05/23

Oil prices rose on Tuesday on escalating US-Iran tensions and amid expectations that producer club OPEC will continue to withhold supply this year.
News ID: 4615    Publish Date : 2019/05/22

Oil-to-metals conglomerate Vedanta Ltd said on Tuesday it had been declared the preferred bidder for two copper blocks in the India's western state of Maharashtra.
News ID: 4605    Publish Date : 2019/05/21

Amonth before OPEC and allies are set to discuss the future of their production cut deal, the leader of the non-OPEC group, Russia, appears to have finally fallen in line with its share of the cuts, producing below its OPEC+ quota for the month of May.
News ID: 4589    Publish Date : 2019/05/20

South Korea’s Iranian oil imports rose 17% in April from a year earlier, customs data showed on Wednesday.
News ID: 4571    Publish Date : 2019/05/18

In summer electricity generation reaches its peak in all power plants across the country. However, after the hot season is over, hardly 30% of the power stations operate, the managing director of Mapna Group said.
News ID: 4565    Publish Date : 2019/05/18

South Korea imported 353,000 barrel per day of Iranian crude last month, up 17% on March ahead of the removal of sanction waivers that granted South Korea and another seven countries to legally import certain amounts of Iranian crude despite US sanctions.
News ID: 4564    Publish Date : 2019/05/18

Russia’s crude oil production averaged 11.16 million bpd in the first twelve days of May, Oil Price reported on Tuesday, citing two industry sources, which means that Moscow is finally within its cap under the OPEC+ deal.
News ID: 4563    Publish Date : 2019/05/17

India told Iran on Tuesday it will decide on its oil imports after elections end this month, in line with its economic interests, a government source said.
News ID: 4562    Publish Date : 2019/05/17

OPEC said on Tuesday that world demand for its oil would be higher than expected this year as supply growth from rivals including US shale producers slows, pointing to a tighter market if the exporter group refrains from raising output.
News ID: 4559    Publish Date : 2019/05/17

This week global billet market observed limited trades amid ongoing holidays in major countries. The market remained abuzz with news of US sanctions announcement on oil purchasing from Iran.
News ID: 4494    Publish Date : 2019/05/10

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