The United States is likely to extend waivers from sanctions on Iranian oil imports in May, but will reduce the number of countries receiving them to placate top buyers China and India and to decrease the chance of higher oil prices, analysts said.
News ID: 3325 Publish Date : 2019/01/19
China's state-run energy giant Sinopec offered a three-billion-dollar deal to further develop an Iranian oilfield the two countries are already working on, media reports said.
News ID: 3317 Publish Date : 2019/01/18
In its first monthly report since Opec and partners agreed a new supply restraint deal, the organisation said the deal was "essential" to maintaining market balance, given monetary policies that "could provide further support to ongoing increases in non-Opec supply."
News ID: 3312 Publish Date : 2019/01/17
Crude oil production from members of OPEC is expected to fall to below 30.73 million barrel per day by the end of this year, the group's lowest monthly output since February 2015, the US Energy Information Administration said Tuesday.
News ID: 3309 Publish Date : 2019/01/17
Oil majors Chevron and Total, along with major Indian refiner Reliance Industries, have joined the blockchain-based platform Vakt, London-based Vakt said on Tuesday.
News ID: 3308 Publish Date : 2019/01/17
An official with the National Petrochemical Company (NPC) said the industry needed the state-of-the-art technologies for development.
News ID: 3290 Publish Date : 2019/01/16
Indian Oil Corporation Ltd. (NSE: IOC), the country's second-largest producer of petroleum coke, has increased its pet coke prices from various refineries with effect from 3 Jan'19.
News ID: 3283 Publish Date : 2019/01/15
A senior official with the National Iranian Oil Company (NIOC) said the company would supply a million barrels of crude oil on Iran Energy Exchange (IRENEX) on January 21.
News ID: 3265 Publish Date : 2019/01/15
Oil slipped to around $60 a barrel on Monday after data showed weakening imports and exports in China, the world’s second-largest oil consumer, raising the prospect of a slowdown in fuel demand.
News ID: 3262 Publish Date : 2019/01/15
Two one-million-barrel cargoes of Iranian oil will arrive in South Korea’s port of Incheon in the space of a week in January to end the 4-month long hiatus in the flow of fuel from the energy giant to the world’s fifth-largest oil buyer.
News ID: 3252 Publish Date : 2019/01/14
The CEO of Pars Oil and Gas Company (POGC) said his company was officially awarded development project of Kish Gas Field.
News ID: 3251 Publish Date : 2019/01/14
South Korea's oil buyers will resume oil imports from Iran in the coming weeks, a senior energy official announced.
News ID: 3240 Publish Date : 2019/01/13
Iraq plans to raise output from its southern Majnoon oilfield to 290,000 barrels per day by the end of 2019 and to 450,000 bpd by the end of 2021 from a current 240,000 bpd, the director of Basra Oil Company said.
News ID: 3232 Publish Date : 2019/01/13
The oil market is on its way to rebalancing, and the 1.2 million barrels per day in supply cuts by OPEC and its allies will be enough to finish the job in the first half of this year, UAE Energy Minister Suhail al-Mazrouei said Wednesday.
News ID: 3216 Publish Date : 2019/01/10
Turkey has resumed imports of Iranian crude oil after a one-month hiatus in November when US sanctions on Iran were reimposed, trading and shipping sources said.
News ID: 3215 Publish Date : 2019/01/10
The third phase of Iran's Persian Gulf Star Refinery (PGSR) was inaugurated in the Southern city of Bandar Abbas on Wednesday, increasing millions of liters to the refinery's gasoline output.
News ID: 3212 Publish Date : 2019/01/09
Total investments in oil and gas in Norway are set for a second annual increase in 2019, but this year will likely be the peak of oil investments on the Norwegian Continental Shelf, as investments are seen declining in 2020 through 2023, the Norwegian Oil and Gas Association, NOG, said on Monday.
News ID: 3205 Publish Date : 2019/01/09
Suncor Energy (TSX:SU), Canada's largest oil and gas producer by market cap, said Monday it expected overall production to increase by about 13% in the fourth quarter of 2018, thanks to higher output from its majority-owned Syncrude oil sands project in northern Alberta.
News ID: 3200 Publish Date : 2019/01/08
Oil prices rose by more than 1% on Monday, lifted by optimism that talks could soon resolve the trade war between the United States and China, while supply cuts by major producers also supported the market.
News ID: 3196 Publish Date : 2019/01/08
The start-up of Nigeria's biggest new oil development since 2012 should underpin an output boost for west Africa's largest oil producer this year, but breaking a log jam on deepwater investment decisions will require a clearer political outlook.
News ID: 3189 Publish Date : 2019/01/07
