Russia exported 36.65 million barrels less crude oil in the first ten months of the year, not least because of its participation in the OPEC+ pact to reduce global supply.
News ID: 2947 Publish Date : 2018/12/17
OPEC may be about to succeed by accident, again. Unplanned supply losses from members Iran and Venezuela could effectively double the intended cutback of 800,000 bpd OPEC pledged last week, according to the International Energy Agency, Bloomberg reported.
News ID: 2932 Publish Date : 2018/12/16
German exports to Iran soared in October, a month before the United States reinstated a second wave of sanctions on the Islamic Republic to choke its oil and shipping industries, data seen by Reuters showed.
News ID: 2903 Publish Date : 2018/12/13
Oil rose to about $61 a barrel on Wednesday, supported by an industry report showing a drop in US crude inventories, a cut in Libyan exports and an OPEC-led deal to trim output.
News ID: 2901 Publish Date : 2018/12/13
Iranian President Hassan Rouhani stressed Washington's failure to prevent his country's oil exports, expressing pleasure that crude sales have even increased after the US sanctions.
News ID: 2886 Publish Date : 2018/12/11
Malaysia will extend its oil production cuts by another six months after the agreement between OPEC and other oil producers to reduce global supply ends this year.
News ID: 2871 Publish Date : 2018/12/10
Iran resumed its flow of gas exports to Iraq after a short period of pause in the stream due to pipeline repair operations.
News ID: 2865 Publish Date : 2018/12/09
China’s imports of crude oil hit a fresh monthly high in November, customs data showed on Saturday, beating the record set in October on heavy buying from private refiners and trial starts of new mega-refineries.
News ID: 2862 Publish Date : 2018/12/09
Iranian First Vice-President Eshaq Jahangiri reassured that Iran will support Japanese businesses and companies wishing to continue trade with Iran in the face of the US sanctions, adding that Tehran will even negotiate with Japanese partners for new solutions.
News ID: 2840 Publish Date : 2018/12/08
Iranian Oil Minister Bijan Zangeneh said Friday that Tehran would be exempt from the oil cuts within the production freeze deal of the Organization of the Petroleum Exporting Countries (OPEC) and non-cartel members.
News ID: 2838 Publish Date : 2018/12/08
Iranian Oil Minister Bijan Namdar Zanganeh said that Qatar was not one of the problematic oil producers in the OPEC, and called for more examination to find out why the Persian Gulf oil producer has decided to leave the organization.
News ID: 2819 Publish Date : 2018/12/06
Iranian President Hassan Rouhani reiterated that Washington will not be able to block the country's exports of crude by pressures and sanctions.
News ID: 2803 Publish Date : 2018/12/04
Despite waivers the US government granted to eight countries after imposing sanctions on Iran’s oil exports, the country’s crude sales will fluctuate between 1.1and 1.3 million barrels per day for the rest of the year, president of SVB Energy International in Washington, DC said.
News ID: 2796 Publish Date : 2018/12/03
Russia and Saudi Arabia agreed to extend into 2019 their agreement to manage the oil market, known as OPEC+, although the two sides have yet to agree on any fresh output cuts.
News ID: 2795 Publish Date : 2018/12/03
Italian major Eni is in talks to expand its footprint in Oman and the United Arab Emirates as part of plans to build its asset base in the oil-rich Persian Gulf and offset its reliance on Africa, a source close to the matter said.
News ID: 2787 Publish Date : 2018/12/02
OPEC coalition decisions on further global oil market cooperation will be taken next week amid uncertainty over many factors impacting the industry, including Iranian crude export volumes, but Russian oil producers are ready to adjust their production accordingly, energy minister Alexander Novak said.
News ID: 2786 Publish Date : 2018/12/02
OPEC oil supply has fallen in November from a two-year high due to US sanctions on Iran, a Reuters survey found, although most of the output gap left by Iran was plugged by Saudi Arabia and the UAE in response to calls from US President Donald Trump.
News ID: 2785 Publish Date : 2018/12/02
Oil’s on track for its worst month in a decade on growing fears over a global supply glut that’s been exacerbated by American waivers to Iranian crude buyers.
News ID: 2762 Publish Date : 2018/12/01
Japan’s oil refiners will continue to ask the Japanese government to seek an early extension of the US waiver to import oil from Iran, the head of the Petroleum Association of Japan (PAJ), Takashi Tsukioka, said.
News ID: 2756 Publish Date : 2018/11/30
Japanese buyers are unlikely to load Iranian oil after April 1 without an extension of the country’s current waiver because of the difficulty in making payments before sanctions are reimposed in early May, the Petroleum Association of Japan said on Tuesday.
News ID: 2741 Publish Date : 2018/11/28
