Friday 12 February 2016
 
»
Tag
 
»
Oil

Venezuela suggests oil output 'freeze' by all producers

Some Opec countries are trying to achieve a consensus among the group and key non-members for an oil production "freeze", sources familiar with the discussions say, in an attempt to tackle the global glut without cutting supply.

More…

Iran undercuts Saudis for Mediterranean oil sales

Opec producer Iran has cut its Heavy crude price for export to the Mediterranean by a larger extent compared with top exporter Saudi Arabia as Tehran seeks to attract more buyers after sanctions were lifted.   Th

More…

Iraq expects to load less Basra crude in March

Opec's second-largest producer Iraq expects to load 6.9 per cent less Basra crude in March than the previous month, with most of the reduction coming on the heavier grade, trade sources said.   The cuts would

More…

Foreign oil firms to settle Iran's debt in euros: Zangeneh

Iran's oil minister said foreign oil companies that owe his country billions of dollars are likely to settle their debts in euros.   Greece's Hellenic Petroleum, Italy's Saras and Royal Dutch Shell ow

More…

Iranian oil minister calls for $200bn of investment

Iran's oil industry will need $200 billion of investment to help it develop in the coming years, mostly from outside the country, the oil minister was quoted as saying.   "We need $200 billion of investm

More…

IEA sees global oil glut worsening

The world will store unwanted oil for most of 2016 as declines in US output take time and Opec is unlikely to cut a deal with other producers to reduce ballooning output, the International Energy Agency said. The agency, which coo

More…

Oil falls ahead of key producer meeting

Oil prices ended the week lower in choppy trading on Friday, snapping two weeks of gains, as a frenzy of speculation about a possible deal between top oil producers clashed with concerns about a growing supply glut. After a volati

More…

Glencore loads Iranian fuel oil from Bandar Mahshahr

Anglo-Swiss commodity trader Glencore has chartered a ship to load Iranian fuel oil at the Iranian port of Bandar Mahshahr in a move that signals the return of legitimate Iranian crude and oil products to international markets. &n

More…

Oil steadies, weak fundamentals weigh after volatile week

Oil steadied on Friday in a volatile session, as bearish fundamentals pressured prices despite bullish indications earlier in the week.   International benchmark Brent crude futures were two cents higher at $34.4

More…

Siemens, EFC deal to deliver solutions to oil industry

Siemens UK & Ireland has formed a strategic partnership with oil and gas control system specialist, EFC Group, in a collaboration which promises to deliver innovative, cost-saving solutions for the industry.  

More…
 1 2 3 4 5 >  Last ›

calendarCalendar of Events

Ads