oil

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Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the International Monetary Fund said on Saturday, and she cautioned against spending money on "white elephant projects."
News ID: 3601    Publish Date : 2019/02/12

India’s Hindustan Petroleum Corporation Limited could buy 0.9 million tons of Iran oil in its 2018/19 financial year, said Vinod S Shenoy, the company’s director of refineries.
News ID: 3586    Publish Date : 2019/02/07

Oil prices edged higher for the first time in three sessions on Wednesday, although concerns over the outlook for the global economy capped gains.
News ID: 3585    Publish Date : 2019/02/07

Oil Minister Bijan Namdar Zanganeh says Iran has turned to the sale of Islamic bonds to finance oil projects.
News ID: 3583    Publish Date : 2019/02/07

Iranian Oil Minister Bijan Namdar Zanganeh said the country has accepted Russia’s proposal to construct a subsea pipeline for exporting natural gas from the Islamic Republic to India.
News ID: 3573    Publish Date : 2019/02/06

Russia is complying fully with its pledge to cut oil production gradually, Energy Minister Alexander Novak said on Monday.
News ID: 3570    Publish Date : 2019/02/06

Iran and Iraq share an estimated reservoir of 4 billion barrels of oil in Azar Oilfield and Iran has recently completed the drilling operation for 7 wells in the field to tap into the shared natural resource, a project manager said.
News ID: 3564    Publish Date : 2019/02/05

Iran’s Minister of Petroleum Bijan Zangeneh said Tuesday Italy and Greece had stopped buying oil from Iran despite being granted waivers from US sanctions.
News ID: 3563    Publish Date : 2019/02/05

Iran’s Minister of Petroleum Bijan Zangeneh said Tuesday the country’s recoverable oil stood at 160 billion barrels.
News ID: 3562    Publish Date : 2019/02/05

Iranian Oil Minister Bijan Zangeneh on Tuesday condemned the US sanctions against Venezuela’s state-run oil company.
News ID: 3561    Publish Date : 2019/02/05

Oil hit a two-month high above $63 a barrel on Monday as OPEC-led supply cuts and US sanctions against Venezuela’s petroleum industry offset forecasts of weaker demand and an economic slowdown.
News ID: 3554    Publish Date : 2019/02/05

Royal Dutch Shell plc, through its subsidiary Shell Brasil Petroleo Ltda. and consortium partners have announced the start of production at the Lula North deepwater project in the Brazilian Santos Basin.
News ID: 3541    Publish Date : 2019/02/04

The National Iranian Oil Refining and Distribution Company (NIORDC) will open 20 projects worth $1819.82 million in the current month, to commemorate the 40th anniversary of the Islamic Revolution of 1979.
News ID: 3538    Publish Date : 2019/02/03

Russian oil output declined to 11.38 million barrels per day in January, or by around 35,000 bpd from the October 2018 level, the baseline for the global oil accord, missing the deal’s target, Energy Ministry data showed on Saturday.
News ID: 3530    Publish Date : 2019/02/03

India is in talks with the US to extend a waiver permitting it to continue importing Iranian oil after March, an Indian Oil Ministry official said Thursday.
News ID: 3519    Publish Date : 2019/02/02

PetroChina is looking to drop Venezuela’s state-owned oil firm PDVSA as an equity partner in a planned and long-delayed $10-billion oil refinery and petrochemical complex in southern China, Reuters reported on Thursday, quoting executives and an official with the Chinese company and its parent CNPC.
News ID: 3518    Publish Date : 2019/02/02

Iran will hold the 4th session of direct sales of oil to domestic and international buyers through its energy bourse on February 4th.
News ID: 3498    Publish Date : 2019/01/30

Oil prices fell on Monday after US energy firms added rigs for the first time this year in a sign that crude production there may rise further, and as China, the world’s second-largest oil user, reported additional signs of an economic slowdown.
News ID: 3460    Publish Date : 2019/01/29

Russia remained China's top crude oil supplier in 2018 by boosting shipments 20% year on year to 1.44 million bpd, while the US ended the year with a robust 60% growth in shipments to Asia's biggest oil consumer, despite trade tensions squeezing volumes towards the later part of the year.
News ID: 3447    Publish Date : 2019/01/28

The head of a US shale oil company on Thursday sang the praises of OPEC for its price-bolstering production cuts of the last two years, a message the organization's secretary general Mohammed Barkindo said he hopes US President Donald Trump is hearing.
News ID: 3438    Publish Date : 2019/01/27

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