oil

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The Indian government is eyeing proceeds of more than $2 billion from the sale of parts of its stakes in three of the biggest oil companies in the country: ONGC, Indian Oil Corp, and Oil India Ltd, the Economic Times reports, citing unnamed sources and noting that the stake sale is part of an ongoing divestment program.
News ID: 2644    Publish Date : 2018/11/18

Saudi Arabia is slashing shipments of crude to the United States, a move that appears calibrated to boost oil prices after a swift and punishing sell-off.
News ID: 2643    Publish Date : 2018/11/18

Oil prices rose on Friday amid expectations of supply cuts from OPEC.US West Texas Intermediate crude oil futures were at $56.84 per barrel, up 38 cents, or 0.7%, from their last settlement. Brent crude oil futures were up 48 cents, or 0.7%, at $67.10 per barrel.
News ID: 2635    Publish Date : 2018/11/17

Colombia must discover about 2bn bls of new crude reserves to remain self-sufficient, said Colombian President Ivan Duque, with unconventional resources providing the best opportunities.
News ID: 2625    Publish Date : 2018/11/16

The Organization of the Petroleum Exporting Countries hasn't been effective in stabilizing oil prices, which have been more dependent on US shale production than the actions of the intergovernmental group, said Malaysian Prime Minister Mahathir Mohammad.
News ID: 2603    Publish Date : 2018/11/14

JXTG Holdings, Japan’s biggest oil refinery operator, is considering whether to resume Iranian oil purchases after Japan was granted a waiver from US sanctions targeting Iran, Senior Vice President Yasushi Onoda said.
News ID: 2592    Publish Date : 2018/11/13

Turkey has been granted a waiver of around 25 % on US oil sanctions against Iran, Turkish Energy Minister Fatih Donmez said Friday, amounting to around three million tons of oil annually.
News ID: 2586    Publish Date : 2018/11/11

An oil export pipeline in Iraq’s semi-autonomous Kurdish region has been upgraded to a capacity of 1 million barrels per day from 700,000 bpd, the Kurdish Regional Government’s natural resources ministry said on Sunday.
News ID: 2570    Publish Date : 2018/11/10

Italian oil major Eni will look at the Iran sanctions measures to see if it can use Iranian crude to allow it greater flexibility in procuring supplies, a spokesman said.
News ID: 2569    Publish Date : 2018/11/10

Oil’s set for its longest stretch of declines on record after entering a bear market, with investors awaiting a weekend meeting of OPEC and its allies to discuss output strategy.
News ID: 2568    Publish Date : 2018/11/10

The UAE's Abu Dhabi National Oil Co will discontinue term contracts to sell straight-run fuel oil loading from Ruwais from 2019 as it plans to restart its fire-hit residue fluid catalytic cracker by the end of this year or early next year, traders said this week.
News ID: 2555    Publish Date : 2018/11/09

The largest Japanese oil wholesaler, JXTG Holdings, is considering to resume Iran oil imports, Head of JXTG Yasushi Onoda told Japanese media ‘NHK’.
News ID: 2542    Publish Date : 2018/11/08

Iran and South Korea reached an agreement to use South Korean national currency (won) in bilateral trade to bypass the US sanctions.
News ID: 2540    Publish Date : 2018/11/08

Iranian Oil Minister Bijan Zangeneh underlined that US waivers to several countries to exempt them from a ban on the supply of crude from Iran wouldn't be enough to cool down rising prices, reiterating that the ban will result in a sharp rise in the commodity's prices.
News ID: 2539    Publish Date : 2018/11/08

Japan is in close communication with the United States on Iran sanctions, Japan’s Chief Cabinet Secretary Yoshihide Suga said on Monday.
News ID: 2510    Publish Date : 2018/11/06

A German government spokesman said Berlin is exploring ways to protect companies affected by sanctions reimposed on Iran by Washington by enabling legal business relations with Tehran.
News ID: 2508    Publish Date : 2018/11/06

An oil export pipeline in Iraq’s semi-autonomous Kurdish region has been upgraded to a capacity of 1 million barrels per day from 700,000 bpd, the Kurdish Regional Government’s natural resources ministry said on Sunday.
News ID: 2507    Publish Date : 2018/11/06

China’s Sinopec and CNPC are speeding up drilling and exploration from major shale oil and gas formations in the country’s western regions to boost domestic output, according to company reports on Monday.
News ID: 2506    Publish Date : 2018/11/06

Russian state-owned oil producer Zarubezhneft has pulled out of projects in Iran because of looming US sanctions, two sources at the company told Reuters.
News ID: 2494    Publish Date : 2018/11/05

China’s state-run Zhenhua Oil is set to sign a head of agreement that includes a proposed joint venture with Iraq’s state oil marketer SOMO and for 2019 annual crude oil supply in Shanghai next week, two industry officials with direct knowledge of the matter told Reuters but did not specify the volume of supply in the annual crude pact.
News ID: 2493    Publish Date : 2018/11/05

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