oil

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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

The director of the Stockholm International Peace Research Institute (SIPRI), a leading think tank on global security issues, warned that the world would face a high risk of economic recession in case of disruption of oil supply from Iran.
News ID: 2723    Publish Date : 2018/11/27

Brent Crude is expected to average $75.50 a barrel next year, according to an S&P Global Platts survey of 11 top banks and oil brokers, who see OPEC cutting oil production by at least 1 million barrels per day and oil demand growth still healthy despite signs of weakness.
News ID: 2721    Publish Date : 2018/11/27

Iranian Oil Minister Bijan Namdar Zanganeh said the China National Petroleum Company (CNPC) has officially replaced French company Total which has backed out of a deal on development of Iran's South Pars gas field.
News ID: 2707    Publish Date : 2018/11/25

BP says it has started production from its giant, and long-delayed, Clair Ridge expansion project in the UK West of Shetland area, adding 120,000 b/d of capacity that should help sustain the country's recently improved oil output levels.
News ID: 2693    Publish Date : 2018/11/23

Oil bounced by around $1 a barrel on Wednesday to claw back some of the previous day’s 6% plunge, lifted by a report of an unexpected decline in US commercial crude inventories and record Indian crude imports.
News ID: 2679    Publish Date : 2018/11/22

Oman, a Persian Gulf producer with 1 million bpd of oil production and not a member of OPEC, is integrating two of its government-owned companies to create one large refining and trading firm.
News ID: 2678    Publish Date : 2018/11/21

Waivers on Iranian sanctions granted by the United States provided some relief to oil markets but the global economy is still very fragile, the head of the International Energy Agency said on Tuesday.
News ID: 2675    Publish Date : 2018/11/21

Oil prices rose by around 1% on Monday amid expectations that top exporter Saudi Arabia will push producer club OPEC as well as perhaps Russia to cut supply toward the yearend.
News ID: 2663    Publish Date : 2018/11/20

Refiners in Japan and South Korea are looking to resume Iranian oil imports from January after receiving waivers from US sanctions on Tehran, sources familiar with the matter said.
News ID: 2662    Publish Date : 2018/11/20

Russian energy minister Alexander Novak said Monday that he plans to discuss a potential output cut in 2019 with oil companies before OPEC/non-OPEC meetings in early December, the Prime news agency reported.
News ID: 2659    Publish Date : 2018/11/19

Japanese refiners are considering resuming Iranian oil imports from January following Washington's recent sanctions waiver, but the window to load cargoes could halt in two months amid uncertainty about whether the waiver would be extended beyond the 180-day period.
News ID: 2645    Publish Date : 2018/11/18

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