China is breaking records for crude oil imports and is not likely to stop soon as new refineries ramp up and hopes grow that the easing of trade tensions with the US will bolster the economy.
News ID: 8012 Publish Date : 2019/12/17
Oman's government has announced further details of its planned integration of state-owned oil company OOC, refiner Orpic and seven other domestic energy firms.
News ID: 8004 Publish Date : 2019/12/18
The US Congress will allocate $400mn in humanitarian aid for Venezuela and additional funds to boost the opposition-controlled National Assembly's authority as part of a $1.4 trillion spending package for US fiscal year 2020.
News ID: 8000 Publish Date : 2019/12/18
Argentina plans to partially roll back an export tax on hydrocarbons to a maximum of 8pc from a previous 12pc, according to a bill that the new government of center-left president Alberto Fernandez sent to the congress this week.
News ID: 7999 Publish Date : 2019/12/18
Oil prices on Monday held near three-month highs, supported by last week’s announcement that an initial trade deal had been reached between the United States and China.
News ID: 7986 Publish Date : 2019/12/16
Iranian Oil Ministry has started new initiatives to support domestic manufacturers by guaranteeing to purchase their quality items needed in the oil industry.
News ID: 7985 Publish Date : 2019/12/17
Development of three oil fields in Iran has been assigned to a domestic company, CEO of the firm, which is a subsidiary of the National Iranian Oil Company announced.
News ID: 7971 Publish Date : 2019/12/16
Gas refineries in Iran have undergone major renovation and restructuring programs increasing their daily output to 900 million cubic meters a day, close to the target of 1 billion cubic meters (bcm) a day, a senior Iranian Oil Ministry official Masoud Zardouyan said.
News ID: 7969 Publish Date : 2019/12/16
Iranian Oil Minister Bijan Zangeneh announced that the country’s Patropars Company has been awarded to take charge of the engineering, exploration and basic design sections of Farzad B Gas Field Development Project.
News ID: 7968 Publish Date : 2019/12/16
Chevron, the largest US oil group, announced it has approved the development of a deepwater high-pressure oil project in the Anchor oil field in the US Gulf of Mexico, which will require $5.7 billion investment, in the industry’s first such deep-water high-pressure projec.
News ID: 7957 Publish Date : 2019/12/14
Creditors carried out a rare court-ordered auction of Venezuelan crude in Dutch-controlled Curacao, where Venezuela's national oil company PdV usually succeeds in settling debt-related claims on its assets.
News ID: 7945 Publish Date : 2019/12/13
The Research Institute of the Petroleum Industry (RIPI), a subsidiary of the Iranian oil ministry, has managed to address the technological needs and provision of equipment for the country’s oil industry so much so that the country has saved $200 million since late March 2019.
News ID: 7934 Publish Date : 2019/12/14
The price of delivered 0.5pc low-sulphur fuel oil (LSFO) in Singapore has risen to a premium to 0.1pc low-sulphur marine gas oil (LSMGO) since 6 December, according to Argus data.
News ID: 7924 Publish Date : 2019/12/12
Iran exports 8 million tonnes of methanol in a year, which the US has been unable to affect, despite all claims of American officials.
News ID: 7920 Publish Date : 2019/12/11
Japan's JXTG Nippon Oil & Energy plans to further cut its aromatics production to a 70pc operating rate next month, prompted by negative margins for paraxylene (PX).
News ID: 7906 Publish Date : 2019/12/11
Head of Iran’s Planning and Budget Organization (PBO) said the oil revenues in budget bill for the next Iranian calendar year (starts on March 20, 2020) are estimated on the expectations of selling one million barrels per day (bpd) of oil at an average price of $50, ISNA reported.
News ID: 7860 Publish Date : 2019/12/09
President Hassan Rouhani said Sunday the country has become self-sufficient in the production of natural gas, gasoline and diesel and has started exporting the three fuels.
News ID: 7823 Publish Date : 2019/12/08
Iranian President Hassan Rouhani said on Sunday that the country's budget bill for the next fiscal year has been set in a way to offset the negative effects of the US sanctions and, hence, includes a significant cut in oil revenues.
News ID: 7811 Publish Date : 2019/12/08
A senior energy official announced that Iran can now export some 25 million to 30 million liters of gasoline per day as a result of the implementation of the gasoline rationing scheme that recently came back into force.
News ID: 7809 Publish Date : 2019/12/08
Saudi Arabia's oil minister Prince Abdulaziz bin Salman today called for faith and trust as the Opec+ producer group strives to formalize an agreement to deepen output cuts.
News ID: 7804 Publish Date : 2019/12/06