China said it will form a national oil and pipeline company, the first public acknowledgment of the massive energy industry overhaul planned since at least 2014.
News ID: 3879 Publish Date : 2019/03/07
Indian CFR prices of petroleum coke (petcoke) imported from USA have marginally decreased over the week as the ocean freight rates from the U.S. Gulf Coast (USGC) for Supramax vessels continues to reduce further.
News ID: 3877 Publish Date : 2019/03/07
OPEC and its allies will probably achieve their goal of draining oversupply from the oil market and boosting prices by next month, says Jeff Currie, global head of commodities research at Goldman Sachs.
News ID: 3863 Publish Date : 2019/03/06
Oil prices fell on Wednesday as bullish output forecasts by two big US producers and a build in weekly US crude stockpiles outweighed OPEC-led production cuts.
News ID: 3862 Publish Date : 2019/03/06
The Intelligence department of the Islamic Revolution Guardians Corps (IRGC) announced that it has disbanded a ring of fuel smugglers, impounding more than 10 million liters of subsidized fuel from the criminals’ hideout.
News ID: 3844 Publish Date : 2019/03/05
Oil prices rose on Monday, buoyed by output cuts by producer club OPEC and reports that the United States and China are close to a deal to end a bitter tariff row that has slowed global economic growth.
News ID: 3830 Publish Date : 2019/03/04
Kazakhstan plans to cut its oil exports by around 2% this year to 71 million tons, its energy ministry told Reuters, mainly at the expense of China, amid a production decline.
News ID: 3829 Publish Date : 2019/03/04
A member of the Iranian parliament said that US embargoes on Iran’s oil industry could never halt the sector’s progress given the capabilities of Iranian experts in the field.
News ID: 3821 Publish Date : 2019/03/03
Although China will continue to raise its liquefied natural gas (LNG) imports this year, the 2019 rise in the world’s key LNG demand growth market may not be enough to absorb all the new supply coming on stream over the next months.
News ID: 3816 Publish Date : 2019/03/03
Russian oil output stood at 11.34 million barrels per day in February, down some 75,000 barrels per day from the October level, the baseline for a global deal, but still missing the accord target, Energy Ministry data showed on Saturday.
News ID: 3815 Publish Date : 2019/03/03
OPEC oil supply fell to a four-year low in February, a Reuters survey found, as top exporter Saudi Arabia and its Persian Gulf Arab allies over-delivered on the group’s supply pact while Venezuelan output registered a further involuntary decline.
News ID: 3814 Publish Date : 2019/03/03
Acourt in London handed a victory to an Iranian oil and gas engineering company on Friday, accepting its claim that it was a victim of a fraud in a 87-mln-dollar oil rig deal.
News ID: 3808 Publish Date : 2019/03/02
Asia’s crude oil imports from Iran dipped in January to the lowest in two months after top buyers China and India slowed down purchases and as Japan recorded zero imports for a third month, government and trade data showed.
News ID: 3805 Publish Date : 2019/03/02
Oil producing group OPEC is responsible for salvaging the entire oil industry with its deal to curb output, OPEC's secretary general told CNBC, but the US shale revolution has helped to prevent "major, major energy chaos" in the world.
News ID: 3798 Publish Date : 2019/03/02
Norwegian LNG firm Golar is loading its Golar Nanook floating storage and regasification unit (FSRU) in Cameroon as the company prepares to commission a ground-breaking regasification terminal in northern Brazil.
News ID: 3793 Publish Date : 2019/03/01
A month after the US administration imposed sanctions on Venezuela's national oil company PdV, expectations for a quick power transition in Caracas have faded, leaving Washington to consider its next steps.
News ID: 3786 Publish Date : 2019/03/01
The next round of crude oil offer on Iran Energy Exchange (IRENEX) will be made by the National Iranian Oil Company on March 4. Offer conditions are the same as the previous round with regard to volume and purchasing terms.
News ID: 3767 Publish Date : 2019/02/27
Oil inched lower on Tuesday to extend losses of more than 3 % from the previous session, easing after US President Donald Trump called on OPEC to rein in its efforts to boost prices.
News ID: 3766 Publish Date : 2019/02/27
Japanese refiner Cosmo Oil will load around 900,000 barrels of Iranian Heavy crude oil in early March as local refiners are rushing to lift as much barrels from Iran during the current 180-day US sanctions waivers, sources with direct knowledge of the matter told S&P Global Platts Tuesday.
News ID: 3764 Publish Date : 2019/02/27
Iranian Foreign Minister Mohammad Javad Zarif underlined the dire impacts of oil sanctions against Tehran on the global market, saying that Washington will likely extend the waivers for certain countries to purchase Iranian crude.
News ID: 3762 Publish Date : 2019/02/26
