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
Australia has passed legislation to ensure the country will comply with tighter global marine fuel specifications that take effect from next year.
News ID: 7807 Publish Date : 2019/12/06
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
Argentinian residual fuel oil bunker sales rose by 39 percent in the first nine months of the year, supported by the pending global low sulphur marine fuel regulation.
News ID: 7801 Publish Date : 2019/12/06
Opec and its non-Opec allies agreed today to deepen their prevailing 1.2mn b/d production cut target by 500,000 b/d in the first quarter next year. This was widely expected, but in a surprise move Saudi Arabia said it and other countries will continue a voluntary reduction of 400,000 b/d on top of that.
News ID: 7800 Publish Date : 2019/12/06
Venezuela's US refining subsidiary Citgo increased light crude processing and fuel exports in the third quarter, the company said today.
News ID: 7798 Publish Date : 2019/12/06
Oil price decreased on Friday as a meeting between OPEC and its allies later in the day is expected on a formal agreement to more output curbs in early 2020.
News ID: 7791 Publish Date : 2019/12/06
The non-oil exports from Iran’s province of Semnan hit a total worth of $170 million in the first 8 months of the current local calendar year (March 21- November 22), which indicates a 62% surge in comparison with figures from corresponding period in last year.
News ID: 7786 Publish Date : 2019/12/07
Brazil's state-controlled Petrobras plans to spend around $18bn over the next five years to develop the giant Buzios pre-salt field, the biggest single investment under the company's $75.7bn 2020-24 business plan.
News ID: 7782 Publish Date : 2019/12/04
ExxonMobil is awaiting regulatory approval for a 31-well exploration program over three blocks.
News ID: 7780 Publish Date : 2019/12/04
A move by Opec and non-Opec members toward deeper production cuts would be a "tough decision" for Nigeria, the country's oil minister Timipre Sylva said today.
News ID: 7777 Publish Date : 2019/12/05
Russia will receive support from Oman as it raises the issue of excluding condensate from the Opec+ production cut agreement.
News ID: 7776 Publish Date : 2019/12/05
Oil gained on Wednesday ahead of meetings this week where OPEC and its allies are expected to extend production curbs to support the market, while industry data showing that US crude stockpiles fell more than expected helped to lift prices, Reuters reported.
News ID: 7771 Publish Date : 2019/12/04
Iranian engineers and technicians managed to overhaul 22 offshore platforms in the giant South Pars Gas Field in the Persian Gulf, independent of any foreign company or entity and depending 100% on domestic capabilities and potentials.
News ID: 7766 Publish Date : 2019/12/04
Following a sharp surge in fuel prices, Iranian authorities have rolled out measures to forestall any price hike for other services and goods.
News ID: 7761 Publish Date : 2019/12/03
Ecuador may renege on its decision to quit its OPEC membership, according to anonymous sources cited by S&P Global Platts, which was supposed to take effect January 1, 2020.
News ID: 7760 Publish Date : 2019/12/03
Oil prices edged higher on rising expectations of deeper output cuts when OPEC and its allies meet this week, although skepticism about a deal among some analysts limited the gains.
News ID: 7759 Publish Date : 2019/12/03
Key Opec member countries have expressed support for deeper output cuts, Iraq's oil minister Thamir Ghadhban said, ahead of the ministerial Opec and Opec, non-Opec meetings in Vienna later this week.
News ID: 7752 Publish Date : 2019/12/03
Head of the CNG promotion program at National Iranian Oil Product Distribution Company (NIOPDC) says consumption of compressed natural gas (CNG) in the country has increased by 10 percent since the implementation of the gasoline rationing scheme.
News ID: 7738 Publish Date : 2019/11/25
Some 3,705 tons of oil products were loaded and unloaded at ports of Iran during the eighth Iranian calendar month of Aban (October 23-November 21), registering 28.4 percent rise compared to the same month in the preceding year.
News ID: 7735 Publish Date : 2019/12/04
