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
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
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
