Venezuelan state-owned PdV is currently importing about 60,000 b/d of gasoline, a fraction of normal demand that its broken refineries are no longer able to meet, according to an internal oil ministry report obtained by Argus.
News ID: 6994 Publish Date : 2019/10/16
Up to 90pc of the global marine fleet will be using compliant fuel in December, Phillips 66 said today.
News ID: 6993 Publish Date : 2019/10/25
Iran’s Oil Minister Bijan Namdar Zangeneh says the country knows how to cope with sanctions that have restricted its direct sale of oil.
News ID: 6983 Publish Date : 2019/10/09
Scrubber-fitted very large crude carriers (VLCC) should see a time charter equivalent (TCE) premium of $12,500/d compared with VLCCs without scrubbers, according to vessel operator DHT, equal to an additional $4.5mn per year.
News ID: 6952 Publish Date : 2019/10/24
Ram Vis is chief executive and founder of international marine fuel specifications testing company Viswa Group. In this Q&A, Vis discusses some of the challenges shipowners could face with the various 0.5pc sulphur fuel specifications and the fuel tests shipowners should be running. The interview has been edited for brevity and clarity.
News ID: 6947 Publish Date : 2019/10/24
The director of the National Iranian Oil Company (NIOC)'s Discovery Department has stressed the need for ensuring the participation of the country’s private sector in the assessment and study projects of the discovered blocks across the country.
News ID: 6926 Publish Date : 2019/10/23
Iranian Oil Minister Bijan Namdar Zanganeh said the U.S. efforts for stopping development of the country’s oil industry has failed, Tasnim news agency reported.
News ID: 6921 Publish Date : 2019/10/21
The Iranian Offshore Engineering and Construction Company (IOEC) is the second local company which has won exploration agreement with the National Iranian Oil Company (NIOC), as the country is showing more self-dependence in developing its oil industry after US sanctions.
News ID: 6906 Publish Date : 2019/10/23
US oil production is likely to peak in the next few years as current petroleum prices are capping the pace of expansion, Russian Energy Minister Alexander Novak said on Tuesday.
News ID: 6902 Publish Date : 2019/10/22
Saudi Aramco’s IPO looks doomed to failure as it targets a $2 trillion flotation. Tepid oil prices, the fraught politics of the Middle East and the demonization of fossil fuel producers in response to climate change fears have all made the initial public offering (IPO) a mission impossible.
News ID: 6900 Publish Date : 2019/10/23
Venezuela recovered some crude production over the first three weeks of October as state-owned PdV freed up storage mainly in eastern Venezuela by shipping over 6mn bl of crude and products to Cuba, multiple PdV officials tell Argus.
News ID: 6897 Publish Date : 2019/10/23
Iran has recently announced that its next fiscal year’s budget is going to be set with less reliance on oil revenues.
News ID: 6883 Publish Date : 2019/10/14
Managing Director of the National Iranian Oil Company (NIOC) Masoud Karbasian said NIOC has managed to attract 80 trillion rials (about $1.9 billion) of funding for oil projects through the stock market during the past eight months.
News ID: 6877 Publish Date : 2019/10/15
The first international exhibition of Iranian oil, gas and petrochemical industries downstream sector (Intl. Iran Downstream Show) is going to be held during February 2-4, 2020 at Tehran Permanent International Fairgrounds, Shana reported.
News ID: 6863 Publish Date : 2019/10/16
Oil fell on Monday as concerns about economic growth combined with signs of ample global supplies pressured prices, outweighing bullish signals from Europe, where fears of an economically damaging no-deal Brexit have eased.
News ID: 6838 Publish Date : 2019/10/21
Several marine fuel suppliers have started selling 0.5pc sulphur fuel oil in Hamburg, just over two months before the International Maritime Organisation's (IMO) regulations will cap allowed sulphur content at 0.5pc.
News ID: 6828 Publish Date : 2019/10/22
US refiner PBF Energy is looking to a handful of projects to improve its already strong position for meeting new International Maritime Organization (IMO) marine fuel regulations that start on 1 January.
News ID: 6825 Publish Date : 2019/10/22
A minor fire at Iran’s oldest and largest oil refinery in the Southwestern city of Abadan has been completely extinguished, authorities announced on Monday, underlining that the event left insignificant damage and production has survived intact.
News ID: 6813 Publish Date : 2019/10/21
Head of Iran’s most profitable petrochemical plant said foreign sanctions on the country’s petrochemical industry have ended in complete failure.
News ID: 6811 Publish Date : 2019/10/21
Gas production at one of the platforms of the giant South Pars Gas Field off the Persian Gulf, which had been damaged, has been fully repaired, the operations manager of Pars Oil and Gas Company said.
News ID: 6808 Publish Date : 2019/10/20
