Iranian Finance and Economic Affairs Minister Farhad Dejpasand said that the plan for offering oil via salaf bonds in Iran Energy Exchange (IRENEX) is temporarily stopped, Tasnim news agency reported.
News ID: 9868 Publish Date : 2020/08/30
Brazil's state-controlled Petrobras is touting China's persistent appetite for its pre-salt crude and is promising to boost supply if needed despite thinner sales margins.
News ID: 9500 Publish Date : 2020/05/15
Iran’s foreign non-oil trade stood at $3.58 billion in the month ending April 19, indicating a 27% decline compared with the same period of last year.
News ID: 9424 Publish Date : 2020/05/08
Since the start of the current Iranian calendar year (March 20), Iran Energy Exchange (IRENEX) has held two offerings of gas condensate and three offerings of Mazut (fuel oil) at its international ring, National Iranian Oil Company (NIOC)’s representative in IRENEX announced.
News ID: 9415 Publish Date : 2020/05/09
The impact from the Covid-19 pandemic will continue to pressure global oil prices but a shift in consumer patterns because of lockdowns may weigh on oil demand in the longer term, according to research by China's biggest state-controlled refiner Sinopec.
News ID: 9387 Publish Date : 2020/05/08
UK bank HSBC has accused Singapore oil trading company Zenrock Commodities Trading of dishonestly obtaining multiple sources of financing for crude cargoes, according to court documents seen by Argus.
News ID: 9378 Publish Date : 2020/05/08
A sudden rush for cash across the US independent refining sector has not stopped interest in mergers and acquisitions, executives said during earnings calls this week.
News ID: 9367 Publish Date : 2020/05/07
Oil rose above $31 a barrel on Wednesday as hopes for a recovery in demand as some countries ease coronavirus lockdowns offset a report showing a higher-than-expected rise in US inventories.
News ID: 9363 Publish Date : 2020/05/06
UK-based bank HSBC has filed a court application to place Singapore-based trading firm Zenrock Commodities under judicial management, piling further pressure on the city-state's oil trading sector following the collapse of counterpart Hin Leong last month.
News ID: 9349 Publish Date : 2020/05/06
China has issued its second batch of oil product export quotas for this year, again restricting exports to state-controlled firms.
News ID: 9348 Publish Date : 2020/05/06
North Dakota state regulators have established a task force to facilitate the recovery of the oil and gas industry for the state.
News ID: 9337 Publish Date : 2020/05/06
China’s March crude oil imports from top supplier Saudi Arabia fell 1.6% from a year earlier, while purchases from No. 2 supplier Russia rose 31%, Reuters’ calculations based on customs data showed on Sunday.
News ID: 9310 Publish Date : 2020/05/03
India has filled all its available crude storage capacity, including commercial and strategic petroleum reserve (SPR) facilities, and is holding around 50mn bl in floating storage, oil minister Dharmendra Pradhan said.
News ID: 9306 Publish Date : 2020/05/04
The prospect of a revival in Libya's oil sector is being clouded by attempts to dissolve a UN peace framework.
News ID: 9273 Publish Date : 2020/04/30
US Gulf coast heating oil prices have sunk to deep discounts to an intermediate grade for which it can potentially substitute. But prices are not rebalancing based on interchangeability, because refiners are focused on cutting gasoline production.
News ID: 9269 Publish Date : 2020/04/29
Covid-19 is threatening Australia's mining and petroleum services industry, potentially limiting the ability of the resources and energy sectors to quickly rebound by creating skills shortages and reducing the availability of key equipment and services.
News ID: 9268 Publish Date : 2020/04/29
China's two largest oil companies state-controlled PetroChina and Sinopec slumped to big losses in the first quarter as the impact of the Covid-19 outbreak hit their domestic refining operations.
News ID: 9265 Publish Date : 2020/04/29
South Korean refiner S-Oil said it has no plans to cut fuel output, even after posting the largest loss in its history amid an unprecedented collapse in oil product demand.
News ID: 9253 Publish Date : 2020/04/28
US benchmark Nymex WTI crude futures fell by 21pc to just above $10/bl in Asian trading, extending losses from the previous session after the US Oil Fund (USO) decided to exit the June WTI Nymex contract.
News ID: 9251 Publish Date : 2020/04/28
Total losses from a structured crude oil product marketed to retail investors by the Bank of China could be more than ($1.27 billion), the Caixin financial news outlet reported on Sunday, citing official sources.
News ID: 9246 Publish Date : 2020/04/26
