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Iran Expects Sanctions on Oil, Gas Sector to Be Lifted From Jan 2016: Official
Dec 2, 2015Sanctions on Iran's oil and gas sector could be lifted in the first week of January, according to Amir Hossein Zamaninia, Iran's deputy oil minister for international affairs Saturday, as the country seeks an agreement with OPEC to ...
Tags: Oil, Gas, Iran's oil
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Iran Unveils New Oil Contracts as It Seeks International Investment
Dec 2, 2015Iran unveiled its hotly anticipated new petroleum contracts to dozens of international oil companies in Tehran Saturday, and the first set of new tenders could be released by late January, a senior Iranian oil official said. The two-day ...
Tags: Oil, LNG, Iran Petroleum
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RBOB Crack Surges After EPA Finalizes Renewable Fuels Mandate
Dec 2, 2015The unveiling of final renewable fuel requirements for US refiners ignited a rally in gasoline futures Tuesday, helping support the rest of the oil complex. The front-month gasoline crack, basis ICE Brent, reached $13.61/b Tuesday, its ...
Tags: RBOB, gasoline, Renewable Fuels
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As From June 2013 to May 2014, South Sudan Sold a Total of 35.5 Million Barrels
Jun 4, 2014South Sudan has received over $3.5 billion from the sale of crude oil between June 2013 and May 2014, the country's oil minister Stephen Dhieu Dau said in a statement made available to Platts in the capital Juba on Sunday. "As from June ...
Tags: crude oil, oil industry
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South Korea Will Seek to Import More Shale Gas-Based LNG From North America
May 13, 2014South Korea will seek to import more shale gas-based LNG from North America to meet rising power demand amid tighter environmental regulations, the deputy energy minister told Platts Friday. "Natural gas as a source of power generation ...
Tags: Shale Gasc, LNG
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India Government to Defer a Hike in The Wellhead Price of Natural Gas
Apr 1, 2014In a move that did not entirely come as a surprise, India's Election Commission earlier this week asked the incumbent government to defer a hike in the wellhead price of natural gas that was due to be implemented on April 1. But analysts ...
Tags: Natural Gas, gas pricing, OIL's production
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The Volume of Crude Has Reached 1 Million Barrels
Mar 10, 2014The volume of crude from the northern Iraq region of Kurdistan being held in tanks at Turkey's Mediterranean oil hub of Ceyhan has reached 1 million barrels, Turkish energy minister Taner Yildiz told reporters Wednesday in a press ...
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Administration of Hassan Rouhani Welcomes Japanese and European Firms' investment
Dec 4, 2013An Iranian deputy minister of petroleum has said that administration of Hassan Rouhani welcomes Japanese and European firms’ investment in Iran’s oil industry. Speaking to Yomiuri Shimbun, Ali Majedi said that the ...
Tags: investment, mineral, oil
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Petroleum & PDVSA Inaugurated The First Pipeline to Evacuate Oil From The Junin-5 Field
Nov 28, 2013Yesterday, the Minister of Petroleum and President of the state-owned company PDVSA, Rafael Ramirez, and a delegation of Eni, composed of the members of the board of directors and led by the Chief Executive Paolo Scaroni and the President ...
Tags: Venezuela, Oil Minister Rafael Ramirez, Eni, board, inaugurate, Junin-5
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India Oil and Gas Companies Are Stocking Crude and Liquefied Natural Gas
Oct 15, 2013India oil and gas companies are stocking crude and liquefied natural gas as Cyclone Phailin heads for India's east coast, federal oil minister Veerappa Moily said on Saturday. Shipments are being diverted to safer locations, he said. ...
Tags: Oil Industry, Cyclone
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Oil Producers Are Currently Doing a Good Job of Balancing World Oil Market Fundamentals
Oct 10, 2013Oil producers are currently doing a good job of balancing world oil market fundamentals, but it is too early to say if OPEC will leave crude production levels unchanged when it next meets in December, UAE oil minister Suhail al-Mazrouei ...
Tags: Oil Producers, Oil Minister
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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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A Top Energy Watchdog Forecast The U.S. Will Bypass Russia in Liquid Fuels Production
Sep 17, 2013A top energy watchdog forecast the U.S. will bypass Russia in the production of liquid fuels--everything from crude and gasoline to biofuels like ethanol--solidifying America's growing importance in global energy markets. The ...
Tags: Liquid Fuels
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Hundreds of Delegates Returned to Tokyo This Year to Hash out The Debate Started Years Ago
Sep 13, 2013Hundreds of delegates from countries representing 90% of the global LNG trade returned to Tokyo this year to hash out the debate started years ago by the discovery of new North American and African gas supplies -- whether to move away from ...
Tags: Oil, Metallurgy, Mineral, Energy
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ICE October Brent Dipped to Its Lowest Level in a Week Then Settled $2.40 Lower
Sep 11, 2013ICE October Brent dipped to its lowest level in a week then settled $2.40 lower at $113.72/barrel Monday, while NYMEX crude also fell as uncertainty over a potential US strike against Syria remained. In after-hours trade, October Brent ...
Tags: Chemicals
