Uncertainty surrounding Iran’s oil industry ahead of forthcoming US sanctions could prompt “extreme volatility” for oil prices, BP’s chief executive told CNBC Wednesday.
News ID: 2415 Publish Date : 2018/10/12
Energy companies are betting demand for natural gas will rise at break-neck pace for decades, undermining warnings that tackling climate change would require a rapid switch to renewable energy.
News ID: 2414 Publish Date : 2018/10/12
Oil prices slipped on Wednesday after the IMF lowered its global growth forecasts, but markets were supported as Hurricane Michael moved toward Florida causing the shutdown of nearly 40% of US Gulf of Mexico crude production.
News ID: 2413 Publish Date : 2018/10/12
Roughly 42% of US Gulf of Mexico oil production and nearly 32% of natural gas output has been shut-in ahead of the arrival of Hurricane Michael, the US Bureau of Safety and Environmental Enforcement said Tuesday.
News ID: 2412 Publish Date : 2018/10/10
The US Energy Information Administration on Wednesday boosted its Brent and WTI crude oil price forecasts on uncertainty over the impact of the looming re-imposition of US sanctions on Iranian crude exports.
News ID: 2411 Publish Date : 2018/10/10
The Trump administration is open to allowing some countries to continue importing Iranian oil, despite hawkishness on tightening the squeeze on Tehran and any country that continues doing business with Iran, according to US officials who confirmed to the Washington Free Beacon that some nations may get a temporary pass from a cadre of new sanctions set to be imposed next month.
News ID: 2405 Publish Date : 2018/10/10
The International Monetary Fund, in its latest World Economic Outlook, predicts Iran's economy will contract this year and in the following year as a result of the reimposition of US sanctions against the Islamic Republic.
News ID: 2404 Publish Date : 2018/10/10
Avessel carrying 2 million barrels of Iranian oil discharged the crude into a bonded storage tank at the port of Dalian in northeast China on Monday, according to Refinitiv Eikon data and a shipping agent with knowledge of the matter.
News ID: 2403 Publish Date : 2018/10/10
Oil prices rose on Tuesday as more evidence emerged that crude exports from Iran, OPEC’s third-largest producer, are declining in the run-up to the re-imposition of US sanctions and as a hurricane moved across the Gulf of Mexico.
News ID: 2402 Publish Date : 2018/10/10
The United States has granted BP and Serica Energy a new license to run a North Sea gas field partly owned by Iran in a rare exemption by US President Donald Trump’s administration as it prepares to renew sanctions on Tehran next
News ID: 2401 Publish Date : 2018/10/10
Oil Minister Bijan Zanganeh on Monday dismissed claims by Saudi Crown Prince Mohammed bin Salman that the kingdom is prepared to make up for any oil market shortfall caused by US sanctions on Iran.
News ID: 2397 Publish Date : 2018/10/09
Two Indian oil companies have placed orders to import Iranian crude next month, Oil Minister Dharmendra Pradhan said Monday, defying a call from President Donald Trump's administration for countries to completely cut-off Iran.
News ID: 2396 Publish Date : 2018/10/09
An explosion at Irving Oil's Saint John refinery in New Brunswick failed to buoy markets, and last week's price correction extended into US midmorning trading on Monday.
News ID: 2391 Publish Date : 2018/10/08
Limiting global warming to 1.5 degrees Celsius above pre-industrial levels requires a cut of 73-97% in the use of coal for primary energy by 2050, the United Nations Intergovernmental Panel on Climate Change said in a special report Monday.
News ID: 2382 Publish Date : 2018/10/08
Plastics and other petrochemical products will drive global oil demand to 2050, offsetting slower consumption of motor fuel, the International Energy Agency said.
News ID: 2379 Publish Date : 2018/10/08
Indian buyers reduced US crude purchases and loaded up on Iranian oil ahead of the restart of US sanctions next month and as the WTI-Brent differential narrowed, according to traders and shipping intelligence firm Kpler.
News ID: 2377 Publish Date : 2018/10/06
Qatar's energy minister has defended OPEC's oil market strategy, saying a deal between the oil producing group and non-OPEC producers is not aimed at manipulating oil prices.
News ID: 2376 Publish Date : 2018/10/06
Brazilians will go to the polls to elect a new president Sunday, but the lack of a clear frontrunner means an uncertain future that has dampened much of the optimism in the country's oil and natural gas industry since mid-2016.
News ID: 2372 Publish Date : 2018/10/05
Japanese delegates told US counterparts during a recent meeting in Washington that Japanese corporate activities should not be impacted by looming sanctions against Iran, Japan's Ministry of Foreign Affairs said.
News ID: 2369 Publish Date : 2018/10/05
A former deputy governor of the Central Bank of Iran said the country holds such a large supply of foreign exchange reserves that it could take care of economic issues for at least three years even without any oil revenues.
News ID: 2368 Publish Date : 2018/10/05
