Governor of the Central bank of Iran (CBI) Abdolnasser Hemmati announced that the country has further reduced its reliance on oil revenues to bring the share of the income earned though crude sales in the budget to less than 30 percent.
News ID: 6750 Publish Date : 2019/10/20
Iranian Oil Minister Bijan Namdar Zanganeh highlighted the ineffectiveness of US sanctions against the Islamic Republic’s oil sector and said attempts aimed at blocking Iran’s oil industry have gotten nowhere.
News ID: 6747 Publish Date : 2019/10/20
The OPEC+ group of oil producers will need to make deeper output cuts when they meet in December. That is the inescapable conclusion from the latest round of monthly reports published by the three big oil-forecasting agencies.
News ID: 6745 Publish Date : 2019/10/19
Venezuela's self-declared interim government has expanded its nominal administrative authority over the national oil industry with the naming of a parallel board of directors in exile that will hold its first meeting today.
News ID: 6734 Publish Date : 2019/10/18
The Asia-Pacific Exchange (Apex) Argus Bunker Index (ABI) futures contract attracted 120 trades on its first day of activity in Singapore today.
News ID: 6731 Publish Date : 2019/10/18
BP and Shell created this month a first batch of 0.5pc sulphur marine fuel oil at their 180,000 b/d joint venture Sapref refinery in Durban, South Africa, and they will start supplying it in the nearby port from November.
News ID: 6718 Publish Date : 2019/10/18
Venezuela's main political opposition is pushing for a deal with foreign bondholders to suspend a looming $914mn obligation linked to state-owned oil firm PdV's coveted US refining assets.
News ID: 6717 Publish Date : 2019/10/18
Ships fitted with exhaust gas cleaning systems in September spent an average of 44 days out of service, a 33pc increase from 33 days for installation of such scrubber systems in June, according to shipping firm Clarksons.
News ID: 6716 Publish Date : 2019/10/18
The long-awaited change to Mexican state-owned Pemex's Maya crude pricing formula finally came this week, as shifting environmental regulations and declining liquidity in select markets threatened to make the decades-old calculation obsolete.
News ID: 6715 Publish Date : 2019/10/18
Some offshore US Gulf of Mexico operators are evacuating non-essential staff from their platforms as tropical storm Nestor is expected to strengthen.
News ID: 6714 Publish Date : 2019/10/18
ExxonMobil is banning the use of any ship that has visited Venezuela in the last year to fulfill future crude shipments, a move that could effectively sideline hundreds of tankers from working for the company.
News ID: 6713 Publish Date : 2019/10/18
The first round of CO2 targets for light vehicles in the EU established fleet average limits of 130g CO2/km in 2015, and 95g CO2/km in 2021.
News ID: 6686 Publish Date : 2019/10/17
Venezuela's main political opposition is pressing for a deal with foreign bondholders to suspend a looming $914mn obligation that is tethered to coveted US refining assets.
News ID: 6685 Publish Date : 2019/10/17
Fujairah-based bunkering firm Mediterranean Eastern Enterprise (MEE) has started supplying International Maritime Organisation (IMO) compliant marine fuels.
News ID: 6684 Publish Date : 2019/10/17
The National Iranian Tanker Company (NITC) categorically dismissed media reports suggesting a ship that was attacked last week in the Red Sea and off the coast of Saudi Arabia is continuing leakage while on its way back home.
News ID: 6679 Publish Date : 2019/10/16
The recent attack on an Iranian oil tanker in the Red Sea indicated that the US is disappointed at the efficiency of its maximum pressure and oil sanction policy against Tehran, a leading Arab news outlet said Wednesday.
News ID: 6678 Publish Date : 2019/10/16
Venezuela's opposition-controlled National Assembly signaled to bondholders today that it will not honor a $914mn principal and interest obligation because it says the debt issuance is unconstitutional.
News ID: 6671 Publish Date : 2019/10/15
Sales of marine fuels from Singapore port in September totalled 3.9mn t, up by 230,000t from August but down by 214,000t from September last year.
News ID: 6669 Publish Date : 2019/10/16
Indian state government-owned oil and gas company, Indian Oil Corporation Limited (IOC), is reportedly developing metal-air batteries that will produce energy by oxidising metals such as iron, zinc and aluminium. This is to forestall dependence on lithium imports once electric vehicles and renewable energy projects take off in a big way, said IOC chairman Sanjiv Singh.
News ID: 6656 Publish Date : 2019/10/14
Russian Energy Minister Alexander Novak said on Monday there were no talks underway to change the global output deal under which OPEC and non-OPEC oil-producing countries have curbed output in order to support prices.
News ID: 6649 Publish Date : 2019/10/14
