Oil futures surged in aftermarket trading after Donald Trump said the US government will take advantage of low oil prices and buy "large quantities" of crude to fill the Strategic Petroleum Reserve.
News ID: 8716 Publish Date : 2020/03/14
Iran successfully installed a giant oil drilling platform at an offshore field South of the country despite reports suggesting the country is having problems keeping its oil rigs active because of the US sanctions on the oil industry.
News ID: 8707 Publish Date : 2020/03/14
First quarter global petroleum and liquid fuels consumption will fall by nearly 1pc in 2020 and demand growth will slow as worldwide travel stalls in response to a rapidly spreading coronavirus, according to the Energy Information Administration (EIA).
News ID: 8681 Publish Date : 2020/03/11
Iranian engineers installed the fourth and last platform of phase 13 of the South Pars gas field, the largest gas reservoir in the world, to complete the development of the phase independently at a time that foreign firms had withdrawn because of US pressures.
News ID: 8666 Publish Date : 2020/03/09
Middle East petrochemical producers remain on edge after crude futures slumped in Asian trading to a more than four-year low.
News ID: 8660 Publish Date : 2020/03/09
The OECD has cancelled its scheduled monthly release of composite leading indicators (CLI), because of the rapid spread of the coronavirus outbreak.
News ID: 8656 Publish Date : 2020/03/09
Venezuelan state-owned PdV named a new head of its shipping unit following 38 arrests over alleged fuel theft.
News ID: 8655 Publish Date : 2020/03/09
Global refining throughput will fall this year to below 2017 levels, according to the IEA. The drop comes as demand falls for transport fuels, as a result of the coronavirus outbreak.
News ID: 8654 Publish Date : 2020/03/09
Iran’s Oil Minister Bijan Namdar Zanganeh said Friday’s “fruitless” meeting of the OPEC+ in Vienna was one of the worst meetings in the history of the organization.
News ID: 8602 Publish Date : 2020/03/07
Iranian Oil Minister Bijan Namdar Zangeneh said that the joint ministerial meeting of the 14-state Organization of Petroleum Exporting Countries (OPEC) plus 10 more friendly oil producers such as Russia (which together make up OPEC+) on Friday in Vienna did not bear any fruit as the participants failed to reach a unanimous decision.
News ID: 8598 Publish Date : 2020/03/07
Opec member countries are meeting allied producers in Vienna today, tasked with the challenge of persuading Russia and other non-Opec partners to sign up to a collective output cut of 1.5mn b/d for the remainder of the year.
News ID: 8588 Publish Date : 2020/03/06
Tension and uncertainty over Guyana's parliamentary election results have clouded the forecast for the country's emerging oil industry.
News ID: 8583 Publish Date : 2020/03/06
Opec+ is discussing cutting as much as 1mn b/d from current oil production quotas, which could take the group's total cuts to 3.1mn b/d below October 2018 levels, sources say.
News ID: 8574 Publish Date : 2020/03/04
Kuwait's oil minister Khaled al-Fadhel said today he supports Opec+ efforts to reduce the surplus in oil stocks as the coronavirus outbreak weighs on demand and prices.
News ID: 8557 Publish Date : 2020/03/03
Oil prices rebounded more than $1 a barrel after earlier hitting multi-year lows on Monday, as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.
News ID: 8547 Publish Date : 2020/03/02
Iran’s export of petrochemical products has grown by 5 percent in the first 10 months of the current local calendar year (March 21, 2019-January 20, 2020), as compared to the corresponding period last year, said Spokesman of Iran's Oil, Gas and Petrochemical Products Exporters' Union Seyed Hamid Hosseini.
News ID: 8543 Publish Date : 2020/03/02
The Opec+ group will meet in Vienna this week as planned, despite growing concerns over coronavirus, Opec sources told Argus.
News ID: 8534 Publish Date : 2020/03/02
Negotiations for the March paraxylene (PX) Asia Contract Price (ACP) have failed to settle for a third straight month because of a wide bid-offer gap amid a volatile market.
News ID: 8514 Publish Date : 2020/02/27
Gazprom Neft CEO Alexander Dyukov said Wednesday the OPEC+ group of oil producers should respond to the impact of the coronavirus outbreak but decide on quotas later on.
News ID: 8508 Publish Date : 2020/02/26
Paraxylene producers linked to the Asia contract price (ACP) have submitted their offers for the March benchmark price.
News ID: 8501 Publish Date : 2020/02/26
