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
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
