oil

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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

The Persian Gulf Star Refinery (PGSR) in Southern Iran is now producing 103 million liters of high-quality gasoline per day with its 3 phases in full swing, a senior energy official said, adding that the 4th phase of the mega refinery will go on stream by 2 years.
News ID: 3691    Publish Date : 2019/02/21

Iranian crude oil exports in January were higher than expected, while February shipments so far have been holding steady or even higher compared to last month, as several of Iran’s customers are using up their US sanction waivers to continue importing Iranian oil .
News ID: 3683    Publish Date : 2019/02/21

Iranian Oil Minister Bijan Zangeneh said the country has reached self-sufficiency in producing gasoline.
News ID: 3662    Publish Date : 2019/02/18

South Korea resumed imports of Iranian oil in January after a four-month hiatus, customs data showed on Friday, but shipments were down 76% from the same month last year.
News ID: 3637    Publish Date : 2019/02/16

Venezuela's oil minister is in New Delhi this week hoping to convince India's key refiners to buy more of its crude and forge closer ties as the South American nation finds itself internationally isolated after the US imposed crippling sanctions on state-owned PDVSA last month.
News ID: 3618    Publish Date : 2019/02/14

OPEC’s biggest producer Saudi Arabia would need oil prices at $80-85 per barrel in order to balance its 2019 budget, Jihad Azour, director of the Middle East and Central Asia Department at the International Monetary Fund has told Reuters.
News ID: 3617    Publish Date : 2019/02/14

The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC, even with the group’s production cuts and US sanctions on Venezuela and Iran, the International Energy Agency said in a report on Wednesday.
News ID: 3616    Publish Date : 2019/02/14

Indian refiners are increasingly optimistic on winning another round of waiver to continue buying Iranian oil , at reduced levels, as New Delhi has put forward a strong case to Washington that it will not be able to afford zero Iranian crude, delegates attending a three-day petroleum conference in New Delhi said.
News ID: 3603    Publish Date : 2019/02/12

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