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
The U.S. has agreed to let eight countries -- including Japan, India and South Korea -- keep buying Iranian oil after it reimposes sanctions on the OPEC producer on Nov. 5, a senior administration official said.
News ID: 2490 Publish Date : 2018/11/04
Russian Energy Minister Alexander Novak said on Saturday there was no reason for Russia to freeze or cut its oil production levels, noting that there were risks that global oil markets could be facing a deficit.
News ID: 2468 Publish Date : 2018/10/29
Light crude supply from Venezuela is driving up throughput at Cuba´s main oil refinery, at no cost to Havana.
News ID: 2464 Publish Date : 2018/10/28
Chief Executive Officer of Russia's largest oil producer Rosneft underlined that any decision by European companies to cut their relations with Iran under the US pressure could end up hurting European economy.
News ID: 2456 Publish Date : 2018/10/26
India hasn’t worked out yet a payment system for continued purchases of crude oil from Iran, Subhash Chandra Garg, economic affairs secretary at India’s finance ministry, said.
News ID: 2442 Publish Date : 2018/10/15
EU and Iran have agreed to continue trade after the US withdrawal from the nuclear deal.
News ID: 2440 Publish Date : 2018/10/14
UAE has begun to increase oil production in the third quarter and expects further increases through this month and November in line with market requirements, according to a tweet by UAE Energy Minister Suhail Al Mazroui.
News ID: 2436 Publish Date : 2018/10/14
India imported 528,000 bpd of Iranian oil in September, up by 1% from August, due to delays of some August cargos until Indian refiners received the government nod to import Iran’s oil on Iranian tankers with Iranian insurance.
News ID: 2428 Publish Date : 2018/10/13
Energy companies are betting demand for natural gas will rise at break-neck pace for decades, undermining warnings that tackling climate change would require a rapid switch to renewable energy.
News ID: 2414 Publish Date : 2018/10/12
