Limiting global warming to 1.5 degrees Celsius above pre-industrial levels requires a cut of 73-97% in the use of coal for primary energy by 2050, the United Nations Intergovernmental Panel on Climate Change said in a special report Monday.
News ID: 2382 Publish Date : 2018/10/08
Brazilians will go to the polls to elect a new president Sunday, but the lack of a clear frontrunner means an uncertain future that has dampened much of the optimism in the country's oil and natural gas industry since mid-2016.
News ID: 2372 Publish Date : 2018/10/05
A former deputy governor of the Central Bank of Iran said the country holds such a large supply of foreign exchange reserves that it could take care of economic issues for at least three years even without any oil revenues.
News ID: 2368 Publish Date : 2018/10/05
India is committed to buying Iranian oil and continuing the bilateral economic cooperation, the foreign minister said Thursday after a meeting with his Indian counterpart and ahead of US sanctions aimed at halting Tehran’s oil exports.
News ID: 2294 Publish Date : 2018/09/29
Iran's OPEC Governor Hossein Kazempour Ardebili said not much is left of OPEC's international credibility as an organization thanks to the measures taken by such members as Saudi Arabia and the UAE against other founding members like Iran.
News ID: 2218 Publish Date : 2018/09/21
Members of parliament on Saturday approved a measure determining the share of the National Development Fund of Iran from all oil and gas export revenues in their latest open session on Saturday to decide on the articles of the fiscal 2018-19 budget law.
News ID: 1950 Publish Date : 2018/02/18
Iran's crude production inched up in December as the country maintained output close to levels it has agreed to under a global supply cut deal, OPEC's data showed on Thursday.
News ID: 1819 Publish Date : 2018/01/20
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
