Oil giant Saudi Aramco on Sunday posted a 21% decline in 2019 net profit due to a drop in oil prices and production, and said it plans to “rationalize” capital spending in the wake of the coronavirus outbreak.
News ID: 8736 Publish Date : 2020/03/15
Polymer exports from Malaysia's state-owned Petronas are expected to be affected after a second fire in 12 months at its new petrochemical facility in Pengerang.
News ID: 8731 Publish Date : 2020/03/16
The Spanish government has said it will intervene in fuel networks and requisition property if needed to prevent supply disruptions during a national lockdown to battle the spread of coronavirus.
News ID: 8728 Publish Date : 2020/03/16
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
Ice Brent crude futures fell on renewed pessimism over the global demand outlook as the World Health Organisation (WHO) officially declared the coronavirus outbreak a pandemic.
News ID: 8702 Publish Date : 2020/03/12
The Italian government has imposed extended restrictions aimed at preventing the further spread of the coronavirus outbreak, including measures that could reduce transport fuel demand.
News ID: 8701 Publish Date : 2020/03/12
A meeting of the Opec and non-Opec Joint Technical Committee (JTC) will no longer take place as scheduled on 18 March, reducing any chance that the group will revisit extending its production deal in the short term.
News ID: 8695 Publish Date : 2020/03/12
Speciality products refiner Nynas' said it has been assured by the US Treasury that its restructure plans will be enough to remove it from sanctions.
News ID: 8693 Publish Date : 2020/03/12
Opec has slashed its forecast for 2020 global oil demand growth again to reflect the effect of the coronavirus outbreak on consumption, and it expects further downward revisions.
News ID: 8683 Publish Date : 2020/03/11
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
Iran’s former ambassador to the Organization of the Petroleum Exporting Countries (OPEC) said the global oil prices will probably continue to decline, which would be to the detriment of Saudi Arabia.
News ID: 8665 Publish Date : 2020/03/09
Analysts are doubling down on their comments that gold’s safe-haven appeal is the winning asset amid growing coronavirus fears, an oil-price crash and an equity market correction.
News ID: 8662 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
Chinese ferrous futures fell today in response to sharply lower crude prices, but erased much of the morning falls as outlooks remain firm for steel demand.
News ID: 8659 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
Platform 13C, the fourth and last platform of phase 13 of Iran’s South Pars gas field’s development project, was installed on its designated offshore spot on Saturday evening, Public Relations Department of Pars Oil and Gas Company (POGC), which is in charge of developing the gas field, announced.
News ID: 8649 Publish Date : 2020/03/09
Iranian Minister of Petroleum Bijan Namdar Zanganeh says OPEC+ could reach an agreement to consider deeper cuts in the group’s output before the end of March., Shana reported.
News ID: 8643 Publish Date : 2020/03/07
Iranian Oil Minister Bijan Namdar Zanganeh says there is an oversupply in the crude oil market, saying OPEC and non-OPEC producers need to discuss how to ensure market balance.
News ID: 8642 Publish Date : 2020/03/06
