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Petroleum Exporting
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Oil Prices to Remain Low Well Into 2016
Dec 29, 2015Crude prices have gone down nearly 30 percent this year, and analysts expect oil prices to remain low for even longer. Boon for consumers Lower oil prices are generally good for US consumers and the economy, said Jason Bordoff, ...
Tags: Oil Prices, Crude Oil
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Brent Oil Price Hits 11-year Low amid Oversupply Worries
Dec 22, 2015Brent oil price hit 11-year low Monday as the market continued to be plagued by an oversupply of crude oil and weakening demand. Brent crude for February delivery decreased 53 cents to close at 36.35 U.S. dollars a barrel on the London ...
Tags: Brent oil, Oil prices
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USW Obiected to Lifting The Long-Standing Crude Oil Export Ban
Aug 3, 2015Leo W. Gerard, international president of the United Steelworkers (USW), has testified before the US Senate Banking, Housing and Urban Affairs Committee, reiterating his opposition to lifting the long-standing crude oil export ban, ...
Tags: crude oil, export ban
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Retail Fuel Prices Will Be Lowered Slightly
Jul 8, 2015Global woes drag crude prices, as demand continues to decline in China Retail fuel prices will be lowered slightly from Wednesday to better reflect the global fall in crude prices and the glut in the market, the nation's top economic ...
Tags: Gasoline Price, Crude Prices
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US Agencies Laid Down Standards for Medium-and Heavy-Duty Vehicles
Jun 24, 2015US agencies for environment and safety regulations have laid down standards for medium- and heavy-duty vehicles, envisaging reduction of CO2 emissions by one billion tons, fuel costs by $170bn and oil consumption by 1.8 billion by 2027. ...
Tags: GHG Emission, Fuel Efficiency
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Low Price of Gas Impact The Sale of Electric Cars
Jan 23, 2015Low price of gas could impact the sale of electric cars, according to BMW which is planning to introduce electric models of its top selling cars. Bloomberg cited BMW's head of sales and marketing Ian Robertson as saying that the sale of ...
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China Is Likely to Slash Gasoline and Diesel Prices in The Coming Week
Dec 21, 2014China is likely to slash gasoline and diesel prices in the coming week due to sluggish domestic demands and a continuing crude price slump in the global market. The modern industries and living environments are built on the base of ...
Tags: Oil Prices, Mineral
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Platt Fell to 29.7 Million Barrels Per Day (B/D) in November
Dec 19, 2013Platts – Oil production from the Organization of the Petroleum Exporting Countries (OPEC) fell to 29.7 million barrels per day (b/d) in November, the lowest volume since mid-2011 when the uprising in Libya significantly reduced the ...
Tags: Platts, OPEC, oil production, Platts survey of OPEC
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Crude Oil Production From The OPEC Remained Unchanged at 29.93 Million Barrels Per Day
Nov 15, 2013Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) remained broadly unchanged at 29.93 million barrels per day (b/d) in October following production of 29.91 million b/d in September, a just-released ...
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Global Demand for Naphtha Will Expand Faster Than Any Other Light Products Through 2020
Nov 14, 2013Global demand for naphtha will expand faster than any other light products through 2020, spurred by rising needs of the petrochemical industry in Asia, as per the latest report by the Organization of Petroleum Exporting Countries (OPEC). ...
Tags: naphtha, light products
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U.S. Crude-Oil Futures Settled 1% Lower Friday
Oct 14, 2013U.S. crude-oil futures settled 1% lower Friday after the International Energy Agency warned that the U.S. fiscal crisis could harm demand and said supplies are rising faster than previously thought. Light, sweet crude oil for November ...
Tags: crude-oil, global oil demand
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World Oil Demand Will Rise by 1.1% This Year to 90.26 Million Barrels a Day
Oct 10, 2013World oil demand will rise by 1.1% this year to 90.26 million barrels a day, with gains coming from countries outside of the major industrialized nations, a U.S. government forecast said Tuesday. The Energy Information Administration said ...
Tags: Oil Demand, Oil Use
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Oil Markets Are Currently Balanced and Inventories Are at Excellent Levels
Sep 29, 2013Oil Markets are currently balanced and inventories are at excellent levels, but the geopolitical situation is having an impact on prices, Saudi Oil Minister Ali al-Naimi said Tuesday. "The market is in a very good position, supplies are ...
Tags: Oil Markets, Syria crisis
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One of The Priorities of Iran's Oil Ministry Is to Restore The Country's 'lost' Share
Aug 22, 2013One of the priorities of Iran's Oil Ministry is to restore the country's "lost" share in oil market, local media quoted Iranian Oil Minister Bijan Namdar-Zanganeh as saying on Monday. Namdar-Zanganeh, who was endorsed as new oil minister ...
Tags: Oil Market, Energy
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Possible Deals Said to Be in The Works with Exxon Mobil,Russia's Lukoil
Aug 15, 2013Possible deals said to be in the works with Exxon Mobil, Russia's Lukoil PetroChina Co, China's largest oil explorer, may join with United States-based energy giant Exxon Mobil Corp to co-develop the West Qurna oilfield in Iraq, which ...
Tags: Petrochina, Chemicals
