oil

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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

OPEC and its allies do not rule out taking further action at their next meeting in April should oil inventories build up in the first quarter, OPEC’s secretary general told Reuters.
News ID: 3424    Publish Date : 2019/01/26

Venezuela’s state-run oil company PDVSA said on Tuesday its debt fell 5% in 2018 from a year ago to $34.6 billion, though it remains in default on most of its bonds as crude output has slumped to 70-year lows in an economic crisis.
News ID: 3389    Publish Date : 2019/01/24

The majority of senior energy industry executives expect to maintain or increase spending this year to meet demand for oil and gas after years of austerity, a survey by DNV GL shows.
News ID: 3374    Publish Date : 2019/01/23

Oil prices fell on Monday, in line with weaker stock markets after evidence that economic growth in China, the world’s second largest crude consumer, eased in 2018.
News ID: 3350    Publish Date : 2019/01/22

Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati announced on Monday that Japan has resumed supply of crude from Iran.
News ID: 3346    Publish Date : 2019/01/21

The third stage of a plan to sell Iranian oil through the stock exchange will kick off this week, the oil minister said.
News ID: 3343    Publish Date : 2019/01/21

The 15th edition of the Kish International Energy Exhibition will open on Iran’s southern island of Kish on Monday with representatives of 11 foreign countries in attendance.
News ID: 3342    Publish Date : 2019/01/21

America’s journey to pre-eminence in the global oil trade is about to hit another milestone. By the shale- oil boom, the US is already producing more crude than either Russia or Saudi Arabia, who until recently vied for the top spot. By mid-year America will go one better, Bloomberg reported.
News ID: 3341    Publish Date : 2019/01/21

Saudi Energy Minister Khalid al-Falih said he was "very optimistic" about the outlook for the oil market after producers cut output to support flagging prices.
News ID: 3333    Publish Date : 2019/01/20

Oil prices rose on Friday after a report from the Organization of the Petroleum Exporting Countries showed its production fell sharply last month, easing fears about prolonged oversupply.
News ID: 3327    Publish Date : 2019/01/19

China’s state-run energy giant is making a new approach to strike a $3 billion Iranian oil field, seeking to take advantage of waivers allowed under US sanctions even as two European nations have ended crude purchases, according to people familiar with the matter.
News ID: 3326    Publish Date : 2019/01/19

The United States is likely to extend waivers from sanctions on Iranian oil imports in May, but will reduce the number of countries receiving them to placate top buyers China and India and to decrease the chance of higher oil prices, analysts said.
News ID: 3325    Publish Date : 2019/01/19

A senior official with the National Iranian Oil Company (NIOC) said the company would supply a million barrels of crude oil on Iran Energy Exchange (IRENEX) on January 21.
News ID: 3265    Publish Date : 2019/01/15

Oil slipped to around $60 a barrel on Monday after data showed weakening imports and exports in China, the world’s second-largest oil consumer, raising the prospect of a slowdown in fuel demand.
News ID: 3262    Publish Date : 2019/01/15

Two one-million-barrel cargoes of Iranian oil will arrive in South Korea’s port of Incheon in the space of a week in January to end the 4-month long hiatus in the flow of fuel from the energy giant to the world’s fifth-largest oil buyer.
News ID: 3252    Publish Date : 2019/01/14

The CEO of Pars Oil and Gas Company (POGC) said his company was officially awarded development project of Kish Gas Field.
News ID: 3251    Publish Date : 2019/01/14

South Korea's oil buyers will resume oil imports from Iran in the coming weeks, a senior energy official announced.
News ID: 3240    Publish Date : 2019/01/13

Iraq plans to raise output from its southern Majnoon oil field to 290,000 barrels per day by the end of 2019 and to 450,000 bpd by the end of 2021 from a current 240,000 bpd, the director of Basra Oil Company said.
News ID: 3232    Publish Date : 2019/01/13

The oil market is on its way to rebalancing, and the 1.2 million barrels per day in supply cuts by OPEC and its allies will be enough to finish the job in the first half of this year, UAE Energy Minister Suhail al-Mazrouei said Wednesday.
News ID: 3216    Publish Date : 2019/01/10

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