oil

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Venezuela is in chaos. Iran is grappling with US sanctions. And now there is a surge of violence in Libya. Trouble in these three OPEC nations has helped send US oil prices climbing back above $64 a barrel.
News ID: 4313    Publish Date : 2019/04/11

Indian refiners are holding back from ordering Iranian oil for loading in May pending clarity on whether Washington will extend a waiver from US sanctions against the OPEC-member, four sources said.
News ID: 4290    Publish Date : 2019/04/10

Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC’s ongoing supply cuts, US sanctions against Iran and Venezuela, fighting in Libya as well as strong US jobs data.
News ID: 4269    Publish Date : 2019/04/09

Weeks after Norway’s government proposed that the country’s $1-trillion fund divest from pure exploration and production oil companies, the cabinet said that it will allow the world’s biggest sovereign wealth fund to invest in unlisted renewable energy infrastructure.
News ID: 4249    Publish Date : 2019/04/08

Head of Iran’s Petroleum Engineering and Development Company Turaj Dehqani dismissed the rumors that massive floods have affected crude production in joint oil fields with neighboring Iraq.
News ID: 4227    Publish Date : 2019/04/07

A global agreement between the OPEС and non-OPEC countries on oil production cuts could be easily extended, Iran’s Oil Minister Bijan Namdar Zanganeh said in Russia.
News ID: 4209    Publish Date : 2019/04/06

OPEC is set to scrap its planned meeting in April and decide instead whether to extend oil output cuts in June, when the market will be able to assess the full impact of US sanctions on Iran and the crisis in Venezuela.
News ID: 4205    Publish Date : 2019/04/06

Oil refiners are getting ready for a boom. The plants in Europe and the US are scaling back planned maintenance later this year in anticipation of a surge in demand and fatter margins as the shipping industry gets ready for a historic fuel switch.
News ID: 4079    Publish Date : 2019/03/19

OPEC is set to scrap its planned meeting in April and decide instead whether to extend oil output cuts in June, when the market will be able to assess the full impact of US sanctions on Iran and the crisis in Venezuela.
News ID: 4078    Publish Date : 2019/03/19

Investments needed to ensure stability in the global oil industry are returning after a downturn, but the pace is still slow, OPEC Secretary General Mohammed Barkindo said.
News ID: 4071    Publish Date : 2019/03/18

National Iranian Oil Company is discreetly scouring the globe for second-hand oil tankers to replace its ageing fleet and keep crucial crude exports flowing as US sanctions start to bite, Iranian and western sources said.
News ID: 4022    Publish Date : 2019/03/14

State-owned National Iranian Oil Company has raised the official selling price differentials for all of its four crude oil grades loading in April and headed to Asia, a company source told S&P Global Platts Wednesday.
News ID: 4021    Publish Date : 2019/03/14

Germany produced 10.3 million tons of oil and 26.1 billion cubic meters of gas in 2018, both down 3% year-on-year, industry association BVEG data showed on Tuesday.
News ID: 4000    Publish Date : 2019/03/13

When OPEC started an oil -price war in late 2014, most people believed U.S. shale was doomed. In reality, the giant oil majors suffered most — burdened by expensive mega-projects, Chevron Corp., BP Plc and the rest struggled to adapt to the fall in energy prices.
News ID: 3956    Publish Date : 2019/03/11

The CEO of the National Iranian South Oil Company (NISOC) said the company was planning to carry out 6 contract packages with Rls. 50,000 billion of credits by Masjed Soleiman Oil and Gas Production Company.
News ID: 3951    Publish Date : 2019/03/10

An official predicted that the US may extend a waiver for at least four of the eight nations that still import oil from Iran, stressing that Tehran should nonetheless look for unconventional methods to keep selling crude.
News ID: 3945    Publish Date : 2019/03/10

India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day (bpd), as it negotiates with Washington about extending a waiver of US sanctions past early May, a report said.
News ID: 3944    Publish Date : 2019/03/10

Brazil’s state-controlled oil company Petroleo Brasileiro SA, or Petrobras, announced plans to cut $8.1 billion from its operational costs in the period from 2019 through 2023, according to a securities filing released on Friday.
News ID: 3940    Publish Date : 2019/03/10

Oil prices dropped by more than one % on Friday as clouds gathered over the global economy after the European Central Bank (ECB) warned of continued weakness and fresh data showed Chinese exports and imports slumped last month.
News ID: 3918    Publish Date : 2019/03/09

China said it will form a national oil and pipeline company, the first public acknowledgment of the massive energy industry overhaul planned since at least 2014.
News ID: 3879    Publish Date : 2019/03/07

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