In recent reports, SteelMint has assessed that some factories, have reopened after the Muharram break. Business has picked up after the break, and the market is hopeful that it will continue to grow.
News ID: 2359 Publish Date : 2018/10/04
Russia's Lukoil expects to ink a final agreement with Italy's Eni on joint exploration work offshore the Gulf of Mexico next week, and the two companies are negotiating cooperation in West Africa, Lukoil CEO Vagit Alekperov said Thursday.
News ID: 2352 Publish Date : 2018/10/04
Russian and Saudi energy ministers see rising geopolitical risk as driving the recent oil price increase at a time when there is sufficient supply in the market -- a view that resonated with many delegates at Russian Energy Week, as the industry prepares for Iran sanctions to come into force on November 4.
News ID: 2351 Publish Date : 2018/10/04
US crude oil shipments to China have “totally stopped”, the president of China Merchants Energy Shipping Co. said on Wednesday, as the trade war between the world’s two biggest economies takes its toll on what was a fast growing businesses.
News ID: 2349 Publish Date : 2018/10/04
By creating a special mechanism to enable trade with Iran in the face of the United States’ sanctions against Tehran, Europe will earn itself the trust of other countries to enter into contracts with it, a parliamentarian said on Tuesday
News ID: 2348 Publish Date : 2018/10/04
Crude oil and product futures were mixed in midmorning trading Wednesday in the wake of US Energy Information Administration data showing US crude supply grew sharply last week.
News ID: 2345 Publish Date : 2018/10/03
OPEC’s oil production in September rose by 90,000 bpd from August to 32.85 million bpd—the highest level so far this year, but a plunge in Iranian production partly offset higher production in Saudi Arabia, Angola, and Libya, according to the monthly Reuters survey of OPEC supply.
News ID: 2341 Publish Date : 2018/10/03
Iranian Deputy Foreign Minister for Political Affairs Seyed Abbas Araqchi said excluding Iran from the global oil market could have “serious effects” on oil prices.
News ID: 2340 Publish Date : 2018/10/03
Iraq plans to increase the production and exports of light crude oil to 1 million barrels per day in 2019, as part of its strategy to boost state revenue, its oil minister Jabar al-Luaibi said on Sunday.
News ID: 2336 Publish Date : 2018/10/02
Japan's crude oil imports from Iran jumped 65% year on year in August, marking the fourth consecutive month of increase, according to government trade data released Thursday.
News ID: 2335 Publish Date : 2018/10/02
Denying reports about curbing oil output, Ali Kardor the CEO of the National Iranian Oil Company says Iran has no plans to cut production and NIOC is pumping as before.
News ID: 2334 Publish Date : 2018/10/02
Venezuelan state-owned PdV utilized less than a quarter of the nameplate processing capacity at its main oil refineries in July, reflecting a shrinking pool of domestic feedstock and chronic equipment breakdowns.
News ID: 2330 Publish Date : 2018/10/02
Iranian companies signed a contract Sunday to build infrastructure for the storage of 10 million barrels of crude in the southern port of Jask on a build-operate-transfer basis, which will be Iran's second oil exports terminal, the National Iranian Oil Co. said on its website.
News ID: 2327 Publish Date : 2018/10/01
Saudi Aramco is largely expected to raise OSPs for its crude oil grades heading to Asia in November, prices that the kingdom will issue in the coming days, traders said Monday.
News ID: 2325 Publish Date : 2018/10/01
Authorities in the US have granted BP an interim license -- valid until November 4 -- for the UK major to use certain US services at its Rhum gas field in the UK North Sea.
News ID: 2324 Publish Date : 2018/10/01
China has pledged to sharply raise crude oil import quotas for the independent refining sector by 42% in 2019, as the startup of two mega refineries nears and a few small ones aim to boost operations, opening up a new window of opportunity for Middle Eastern, Latin American and Russian suppliers.
News ID: 2323 Publish Date : 2018/10/01
On today's Capitol Crude we look at the ongoing trade war between the US and China and whether US crude oil exports could be subject to retaliatory tariffs.
News ID: 2322 Publish Date : 2018/10/01
Russia’s oil production averaged 11.3 million bpd between September 1 and 27, up by more than 130,000 bpd compared to August and on course to set a new record-high in the post-Soviet era.
News ID: 2308 Publish Date : 2018/09/30
IEnova and Trafigura have signed a long-term agreement to develop a refined products marine terminal in the Port of Manzanillo in the Mexican Pacific state of Colima, the companies said Friday.
News ID: 2303 Publish Date : 2018/09/30
Central Bank of Iran new set of policies for managing the currency market was approved on Saturday by the Supreme Council of Economic Coordination.
News ID: 2298 Publish Date : 2018/09/29
