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 oilfield 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
Turkey has resumed imports of Iranian crude oil after a one-month hiatus in November when US sanctions on Iran were reimposed, trading and shipping sources said.
News ID: 3215 Publish Date : 2019/01/10
Suncor Energy (TSX:SU), Canada's largest oil and gas producer by market cap, said Monday it expected overall production to increase by about 13% in the fourth quarter of 2018, thanks to higher output from its majority-owned Syncrude oil sands project in northern Alberta.
News ID: 3200 Publish Date : 2019/01/08
Iranian Deputy Oil Minister for international affairs and commerce Amir-Hossein Zamani-Nia said the number of potential buyers of Iran’s oil has increased despite US threats of sanctions.
News ID: 3165 Publish Date : 2019/01/05
India's Finance Ministry exempted rupee payments made to the National Iranian Oil Company (NIOC) for crude imports from hefty taxes.
News ID: 3127 Publish Date : 2019/01/01
Iranian Oil Minister Bijan Zangeneh ruled out that the country's companies are facing problems in exporting crude due to the unilateral sanctions imposed by the US against Tehran.
News ID: 3080 Publish Date : 2018/12/26
The Iranian Ministry of Petroleum (MOP) has planned to vet the qualifications of Iranian companies cleared as E&P firms to develop oil and gas projects.
News ID: 3069 Publish Date : 2018/12/25
Several foreign companies have shown interest in purchasing Iran's oil via the exchange market, Managing director of Iran's Energy Exchange Seyed Ali Hosseini said.
News ID: 3045 Publish Date : 2018/12/23
The number of new oil and gas projects will rise five-fold next year from a 2015 trough but overall spending is still unlikely to be enough to meet future demand, consultancy Wood Mackenzie said in a report.
News ID: 2966 Publish Date : 2018/12/18
After flooding the US market in recent months, Saudi Arabia plans to slash exports to the world’s largest oil market in the coming weeks in an effort to dampen visible build-ups in crude inventories.
News ID: 2948 Publish Date : 2018/12/17
