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
Iran has increased its non-oil exports to Azerbaijan by 73 percent, Iranian Ambassador to Azerbaijan Javad Jahangiri announced on Wednesday.
News ID: 3868 Publish Date : 2019/03/06
Oil prices fell on Wednesday as bullish output forecasts by two big US producers and a build in weekly US crude stockpiles outweighed OPEC-led production cuts.
News ID: 3862 Publish Date : 2019/03/06
The Intelligence department of the Islamic Revolution Guardians Corps (IRGC) announced that it has disbanded a ring of fuel smugglers, impounding more than 10 million liters of subsidized fuel from the criminals’ hideout.
News ID: 3844 Publish Date : 2019/03/05
Kazakhstan plans to cut its oil exports by around 2% this year to 71 million tons, its energy ministry told Reuters, mainly at the expense of China, amid a production decline.
News ID: 3829 Publish Date : 2019/03/04
A member of the Iranian parliament said that US embargoes on Iran’s oil industry could never halt the sector’s progress given the capabilities of Iranian experts in the field.
News ID: 3821 Publish Date : 2019/03/03
OPEC oil supply fell to a four-year low in February, a Reuters survey found, as top exporter Saudi Arabia and its Persian Gulf Arab allies over-delivered on the group’s supply pact while Venezuelan output registered a further involuntary decline.
News ID: 3814 Publish Date : 2019/03/03
Acourt in London handed a victory to an Iranian oil and gas engineering company on Friday, accepting its claim that it was a victim of a fraud in a 87-mln-dollar oil rig deal.
News ID: 3808 Publish Date : 2019/03/02
Oil producing group OPEC is responsible for salvaging the entire oil industry with its deal to curb output, OPEC's secretary general told CNBC, but the US shale revolution has helped to prevent "major, major energy chaos" in the world.
News ID: 3798 Publish Date : 2019/03/02
The next round of crude oil offer on Iran Energy Exchange (IRENEX) will be made by the National Iranian Oil Company on March 4. Offer conditions are the same as the previous round with regard to volume and purchasing terms.
News ID: 3767 Publish Date : 2019/02/27
Japanese refiner Cosmo Oil will load around 900,000 barrels of Iranian Heavy crude oil in early March as local refiners are rushing to lift as much barrels from Iran during the current 180-day US sanctions waivers, sources with direct knowledge of the matter told S&P Global Platts Tuesday.
News ID: 3764 Publish Date : 2019/02/27
Japanese refiners are seeking clarity on whether there will be an extension to the 180-day sanctions waiver from Washington in March, as they hope to continue buying Iranian oil without any disruption, Petroleum Association of Japan's president Takashi Tsukioka said Friday.
News ID: 3711 Publish Date : 2019/02/23
Atop US official discussed this week South Korea’s crude oil imports from Iran and urged Seoul to accelerate its oil supply diversification, S&P Global Platts reported on Thursday, quoting a diplomatic source.
News ID: 3710 Publish Date : 2019/02/23
