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
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
