US secretary of state Mike Pompeo today called on Washington's partners to sever ties with sitting Venezuelan president Nicolas Maduro's government. But European powers are urging a pause before recognizing Juan Guaidó as Venezuela's acting president.
News ID: 3442 Publish Date : 2019/01/27
The head of a US shale oil company on Thursday sang the praises of OPEC for its price-bolstering production cuts of the last two years, a message the organization's secretary general Mohammed Barkindo said he hopes US President Donald Trump is hearing.
News ID: 3438 Publish Date : 2019/01/27
OPEC and its allies do not rule out taking further action at their next meeting in April should oil inventories build up in the first quarter, OPEC’s secretary general told Reuters.
News ID: 3424 Publish Date : 2019/01/26
South Korea imported no Iranian crude for the fourth straight month in December due to the re-imposition of US sanctions on Tehran, while intakes from the US and Kazakhstan rose sharply as alternative sources, data released by Korea National Oil Corp showed.
News ID: 3423 Publish Date : 2019/01/26
The growing global economy will have enough demand to absorb growing crude supplies, with the petrochemicals sector driving the growth, Horace Hobbs, chief economist at Phillips 66 said.
News ID: 3400 Publish Date : 2019/01/25
Venezuela’s state-run oil company PDVSA said on Tuesday its debt fell 5% in 2018 from a year ago to $34.6 billion, though it remains in default on most of its bonds as crude output has slumped to 70-year lows in an economic crisis.
News ID: 3389 Publish Date : 2019/01/24
Iranian Parliament Speaker Ali Larijani highlighted the futility of US plots to hit the Islamic Republic’s economy and said Washington has failed in its attempts to cut Tehran’s oil exports down to zero.
News ID: 3379 Publish Date : 2019/01/23
The head of Iran-Switzerland Joint Chamber of Commerce announced that a payments channel has been developed and prepared to be inaugurated in a bid to boost bilateral trade between the two countries.
News ID: 3377 Publish Date : 2019/01/23
Iran has discovered a new oilfield near the southwestern city of Abadan, Oil Minister Bijan Namdar Zanganeh said Wednesday.
News ID: 3376 Publish Date : 2019/01/23
The majority of senior energy industry executives expect to maintain or increase spending this year to meet demand for oil and gas after years of austerity, a survey by DNV GL shows.
News ID: 3374 Publish Date : 2019/01/23
The International Monetary Fund Monday cut its forecast for average oil prices to just below $60 per barrel in 2019 from close to $70 per barrel in its last World Economic Outlook in October on concerns about global economic growth.
News ID: 3373 Publish Date : 2019/01/23
Fuji Oil, jointly with Showa Shell, has loaded the first Iranian crude oil cargo being lifted by Japanese refiners since the country won a 180-day waiver from the US to import oil from Iran, a Fuji Oil official told S&P Global Platts Monday.
News ID: 3351 Publish Date : 2019/01/22
Oil prices fell on Monday, in line with weaker stock markets after evidence that economic growth in China, the world’s second largest crude consumer, eased in 2018.
News ID: 3350 Publish Date : 2019/01/22
Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati announced on Monday that Japan has resumed supply of crude from Iran.
News ID: 3346 Publish Date : 2019/01/21
The third stage of a plan to sell Iranian oil through the stock exchange will kick off this week, the oil minister said.
News ID: 3343 Publish Date : 2019/01/21
The 15th edition of the Kish International Energy Exhibition will open on Iran’s southern island of Kish on Monday with representatives of 11 foreign countries in attendance.
News ID: 3342 Publish Date : 2019/01/21
America’s journey to pre-eminence in the global oil trade is about to hit another milestone. By the shale-oil boom, the US is already producing more crude than either Russia or Saudi Arabia, who until recently vied for the top spot. By mid-year America will go one better, Bloomberg reported.
News ID: 3341 Publish Date : 2019/01/21
Saudi Energy Minister Khalid al-Falih said he was "very optimistic" about the outlook for the oil market after producers cut output to support flagging prices.
News ID: 3333 Publish Date : 2019/01/20
Oil prices rose on Friday after a report from the Organization of the Petroleum Exporting Countries showed its production fell sharply last month, easing fears about prolonged oversupply.
News ID: 3327 Publish Date : 2019/01/19
China’s state-run energy giant is making a new approach to strike a $3 billion Iranian oil field, seeking to take advantage of waivers allowed under US sanctions even as two European nations have ended crude purchases, according to people familiar with the matter.
News ID: 3326 Publish Date : 2019/01/19
