Japanese buyers are unlikely to load Iranian oil after April 1 without an extension of the country’s current waiver because of the difficulty in making payments before sanctions are reimposed in early May, the Petroleum Association of Japan said on Tuesday.
News ID: 2741 Publish Date : 2018/11/28
The director of the Stockholm International Peace Research Institute (SIPRI), a leading think tank on global security issues, warned that the world would face a high risk of economic recession in case of disruption of oil supply from Iran.
News ID: 2723 Publish Date : 2018/11/27
Brent Crude is expected to average $75.50 a barrel next year, according to an S&P Global Platts survey of 11 top banks and oil brokers, who see OPEC cutting oil production by at least 1 million barrels per day and oil demand growth still healthy despite signs of weakness.
News ID: 2721 Publish Date : 2018/11/27
China National Petroleum Corporation has replaced France's Total in the South Pars gas project, Oil Minister Bijan Namdar Zanganeh said.
News ID: 2717 Publish Date : 2018/11/26
The final text replacing the North American Free Trade Agreement (Nafta) between Canada, Mexico and the US has left key stakeholders in energy and other sectors wishing for more.
News ID: 2705 Publish Date : 2018/11/24
China will start loading the crude again in November after it halted purchases in October, according to people with knowledge of the matter.
News ID: 2699 Publish Date : 2018/11/24
Iraq's state-owned crude marketing company Somo had received just over 250,000 bl of Kirkuk crude into its storage tanks at the Turkish port of Ceyhan, as of 0900 local time today.
News ID: 2696 Publish Date : 2018/11/23
BP says it has started production from its giant, and long-delayed, Clair Ridge expansion project in the UK West of Shetland area, adding 120,000 b/d of capacity that should help sustain the country's recently improved oil output levels.
News ID: 2693 Publish Date : 2018/11/23
Strong European distillate cracks amid a closed product arbitrage have supported certain sweet crude oil grades in the Mediterranean and West African markets to reach three-year highs to Dated Brent.
News ID: 2690 Publish Date : 2018/11/23
Oil bounced by around $1 a barrel on Wednesday to claw back some of the previous day’s 6% plunge, lifted by a report of an unexpected decline in US commercial crude inventories and record Indian crude imports.
News ID: 2679 Publish Date : 2018/11/22
Oman, a Persian Gulf producer with 1 million bpd of oil production and not a member of OPEC, is integrating two of its government-owned companies to create one large refining and trading firm.
News ID: 2678 Publish Date : 2018/11/21
Waivers on Iranian sanctions granted by the United States provided some relief to oil markets but the global economy is still very fragile, the head of the International Energy Agency said on Tuesday.
News ID: 2675 Publish Date : 2018/11/21
Iranian President Hassan Rouhani said even if the US had not granted waivers to countries purchasing Iranian crude, the country’s oil exports could never be cut down to zero.
News ID: 2673 Publish Date : 2018/11/21
Japanese refiner Fuji Oil Co is set to resume Iranian crude purchases after Japan received a waiver from US sanctions on Tehran, industry sources familiar with the matter said.
News ID: 2667 Publish Date : 2018/11/20
Oil prices rose by around 1% on Monday amid expectations that top exporter Saudi Arabia will push producer club OPEC as well as perhaps Russia to cut supply toward the yearend.
News ID: 2663 Publish Date : 2018/11/20
Refiners in Japan and South Korea are looking to resume Iranian oil imports from January after receiving waivers from US sanctions on Tehran, sources familiar with the matter said.
News ID: 2662 Publish Date : 2018/11/20
State-owned Indian Oil Corp will start producing 0.5% sulfur compliant fuel oil in September 2019, months ahead of the International Maritime Organization's global sulfur limit rule for marine fuels, but will keep its options open to produce marine gasoil, IOC company officials said late Friday.
News ID: 2660 Publish Date : 2018/11/19
Russian energy minister Alexander Novak said Monday that he plans to discuss a potential output cut in 2019 with oil companies before OPEC/non-OPEC meetings in early December, the Prime news agency reported.
News ID: 2659 Publish Date : 2018/11/19
Crude oil futures were higher during mid-morning trade in Asia Monday as investors digested the possibility of OPEC and its allies cutting oil production in December.
News ID: 2657 Publish Date : 2018/11/19
Japanese refiners are considering resuming Iranian oil imports from January following Washington's recent sanctions waiver, but the window to load cargoes could halt in two months amid uncertainty about whether the waiver would be extended beyond the 180-day period.
News ID: 2645 Publish Date : 2018/11/18
