oil

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Iran's export of crude oil and gas condensate amounted to nearly 1 billion barrels in 2017 in a year that OPEC and other producers stepped up efforts to keep a lid on supplies and drain bloated inventories.
News ID: 1748    Publish Date : 2018/01/02

Kuwait’s Oil Minister Essam al-Marzouq said on Sunday OPEC and other oil producers will study before June the possibility of an exit strategy from the global oil supply-cut agreement.
News ID: 1649    Publish Date : 2017/12/11

Iraq has signed an agreement with Iran to export crude from its Kirkuk Oilfield at a rate of between 30,000 and 60,000 barrels per day, an Iraqi oil official said on Saturday.
News ID: 1639    Publish Date : 2017/12/11

One of China’s biggest state-held companies, Sinopec, is suing Venezuela’s debt-ridden state oil firm PDVSA in a US court over unpaid bills, in a sign that China may be losing patience with its Latin American ally and is changing tone and tactics.
News ID: 1638    Publish Date : 2017/12/11

Iran’s economy is expected to experience a 4-5% growth in the current fiscal year to March 20, 2018, Central Bank of Iran’s Vice Governor Akbar Komijani said. “Since we have exhausted growth in the oil sector, the bulk of this year’s growth will be on the back of increased non- oil exports,” he was quoted as saying by Mehr News Agency.
News ID: 1615    Publish Date : 2017/12/06

Oil prices rose on Friday, following an agreement by OPEC and other major producers to extend output curbs until the end of 2018 to try to reduce the global oil glut.
News ID: 1608    Publish Date : 2017/12/02

Iran continues to adhere to a global agreement to scale back crude oil production as OPEC data on Monday showed further cuts in the country's monthly oil output.
News ID: 1539    Publish Date : 2017/11/14

Oil prices will edge up to $56 a barrel next year from this year’s $53 a barrel level on rising demand, continued production cuts from producers and stabilizing US shale output, the World Bank said.
News ID: 1481    Publish Date : 2017/10/30

Oil eased on Wednesday but was still near a four-week high after top exporter Saudi Arabia said it was determined to end a supply glut that has been weighing on the market for three years.
News ID: 1475    Publish Date : 2017/10/26

The global oil market is not controlled by the Organization of Petroleum Exporting Countries, a group of 14 nations that produce around 40% of the world's crude, OPEC's secretary-general said.
News ID: 1465    Publish Date : 2017/10/24

Oil demand will grow at a healthy pace over the next five years, as renewables show the fastest expansion of any type of energy, the head of the Organization of Petroleum Exporting Countries said.
News ID: 1437    Publish Date : 2017/10/17

Iran continues to remain a top performer in a global deal to cut oil supplies as data by OPEC showed the country pump around 3.82 million barrels per day for a second consecutive month in September.
News ID: 1416    Publish Date : 2017/10/12

Iran set yet another timeline on Monday for signing a deal to develop its coveted Azadegan Oilfield which has been in the media spotlight in the past two years as the first of a string of upstream projects to be developed in collaboration with multinationals.
News ID: 1369    Publish Date : 2017/10/03

OPEC’s commitment to cutting production to clear a global glut is working, but the group needs to address rising output from Libya and Nigeria, Iran’s Oil Minister Bijan Namdar Zanganeh said.
News ID: 1351    Publish Date : 2017/09/26

Luk oil plans to keep pumping 100 million tons of oil per year between 2018 and 2027 with projects outside Russia, including potential investments in Iranian oil fields, to keep annual investment at $8-8.5 billion, the chief executive said on Saturday.
News ID: 1345    Publish Date : 2017/09/25

Ever since the invention of the internal combustion engine, oil has been one of the most crucial commodities on Earth
News ID: 1298    Publish Date : 2017/09/13

The new model of Iran's oil contracts is clear on all grounds, but there is still some ironing out to do over the terms of collaboration with foreign companies on raising the recovery factor in oil fields, the managing director of National Iranian Oil Company said.
News ID: 1293    Publish Date : 2017/09/13

Libya and Nigeria, the two OPEC members exempt from the current oil production cut deal, have been invited to participate in the producer group's latest ministerial committee meeting on Sept. 22.
News ID: 1274    Publish Date : 2017/09/07

OPEC’s second-largest producer is stepping up the campaign to get more for its oil by looking to revamp the way it sells crude to its biggest customers.
News ID: 1243    Publish Date : 2017/08/31

Iranian Oil Minister Bijan Namdar Zanganeh put the country’s oil production at 3.8 million barrels per day (bpd) of which 2.6 million barrels is exported to world markets.
News ID: 1234    Publish Date : 2017/08/30

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