Oman will cut oil output by 2% from January for an initial period of six months, according to a letter sent to customers of Omani oil by the country’s oil and gas ministry.
News ID: 2912 Publish Date : 2018/12/15
Japanese refiners will start buying Iranian crude oil in January, but will only continue buying until March to make sure they don’t get on the bad side of Washington in case the 180-day sanction waivers are not extended, S&P Global Platts reports, citing the head of the country’s Petroleum Association.
News ID: 2911 Publish Date : 2018/12/15
German exports to Iran soared in October, a month before the United States reinstated a second wave of sanctions on the Islamic Republic to choke its oil and shipping industries, data seen by Reuters showed.
News ID: 2903 Publish Date : 2018/12/13
US crude oil output growth was expected to slow slightly for this year compared with previous forecasts, the Energy Information Administration said on Wednesday, but at a record 10.88 million barrels per day, the nation will end 2018 as the world’s top producer.
News ID: 2902 Publish Date : 2018/12/13
Oil rose to about $61 a barrel on Wednesday, supported by an industry report showing a drop in US crude inventories, a cut in Libyan exports and an OPEC-led deal to trim output.
News ID: 2901 Publish Date : 2018/12/13
State-owned National Iranian Oil Company has cut the official selling price differentials for all its four crude grades loading in January from Kharg Island and bound for Asia, a company source told S&P Global Platts Tuesday.
News ID: 2895 Publish Date : 2018/12/12
Ageneral cooperation agreement between OPEC and non-OPEC countries will be signed in three months in Saudi Arabia, the UAE energy minister said Tuesday.
News ID: 2894 Publish Date : 2018/12/12
Iranian President Hassan Rouhani stressed Washington's failure to prevent his country's oil exports, expressing pleasure that crude sales have even increased after the US sanctions.
News ID: 2886 Publish Date : 2018/12/11
Iraqi Oil Minister Thamer Ghadhban said on Monday he expected the fall in oil prices to stop and for prices to rise over time, adding that if OPEC had not cut production, prices would have dropped to $45-50 per barrel.
News ID: 2882 Publish Date : 2018/12/11
Brent crude oil futures rose on Monday after OPEC and some non-affiliated suppliers last Friday agreed to a supply cut from January.
News ID: 2880 Publish Date : 2018/12/11
Iranian President Hassan Rouhani lauded the recent resistance shown by the member-states of the Organization of the Petroleum Exporting Countries in their recent meeting in Vienna against Washington's pressures, and described OPEC's stance as another failure for the US.
News ID: 2878 Publish Date : 2018/12/10
A member of the Iranian parliament said the outcome of the 175th meeting of members of the Organization of the Petroleum Exporting Countries (OPEC) was a victory for Iran’s petroleum diplomacy.
News ID: 2875 Publish Date : 2018/12/10
Malaysia will extend its oil production cuts by another six months after the agreement between OPEC and other oil producers to reduce global supply ends this year.
News ID: 2871 Publish Date : 2018/12/10
China’s imports of crude oil hit a fresh monthly high in November, customs data showed on Saturday, beating the record set in October on heavy buying from private refiners and trial starts of new mega-refineries.
News ID: 2862 Publish Date : 2018/12/09
US shale producers cheered OPEC’s decision to trim output, a move that sent crude prices higher on Friday, closing at levels that oil executives said would keep their profits flowing.
News ID: 2861 Publish Date : 2018/12/09
Brazil's state-controlled Petrobras has boosted upstream capital expenditure (capex) in its $84.1bn investment plan for 2019-23, although the production target for the end of the five-year period remains flat.
News ID: 2846 Publish Date : 2018/12/08
The European Union is going to just use the euro in the financial transactions of all European oil deals with other countries, Iranian Vice-President Ali Akbar Salehi broke the news, affirming that the bloc will ditch US dollar in its all oil contracts.
News ID: 2842 Publish Date : 2018/12/08
Iranian Oil Minister Bijan Zangeneh said Friday that Tehran would be exempt from the oil cuts within the production freeze deal of the Organization of the Petroleum Exporting Countries (OPEC) and non-cartel members.
News ID: 2838 Publish Date : 2018/12/08
OPEC concluded its 175th meeting with an accord to remove 1.2 million barrels a day of crude from the market, with non-OPEC allies including Russia taking a 400,000 barrel-a-day share.
News ID: 2836 Publish Date : 2018/12/07
Iranian Oil Minister Bijan Namdar Zanganeh said that Qatar was not one of the problematic oil producers in the OPEC, and called for more examination to find out why the Persian Gulf oil producer has decided to leave the organization.
News ID: 2819 Publish Date : 2018/12/06
