Iran’s Kharg oil terminal increases capacity to 8 million bpdJune 28, 2017 // 2 CommentsIran’s Kharg oil terminal has boosted its crude oil loading capacity to 8 million barrels per day (bdp),triple the current [...]
Weakening demand from top three Asian oil buyers hinder market balancingJune 26, 2017 // 1 CommentFaltering demand growth in Asia’s top three oil-importing nations is further hindering efforts to balance the market as a [...]
Rosneft clears final hurdle for US$13 bn acquisition of Essar OilJune 25, 2017 // 0 CommentsOfficials from Russia’s national oil major Rosneft have said it has received the go ahead for the US$13 billion [...]
Climate targets could lead to trillions of losses in oil, gas projects –reportJune 21, 2017 // 1 CommentIf international climate targets are reached, oil firms including Exxon Mobil and Royal Dutch Shell could lose more than a [...]
Rosneft discovers possibly biggest oil deposit offshore Eastern ArcticJune 19, 2017 // 3 CommentsRussian state-owned oil major Rosneft has discovered an oil field in the Laptev Sea in the Eastern Artic as a result of the [...]
Indian firms in jv for petchem complex in MaharashtraJune 16, 2017 // 2 CommentsIndia’s state-owned oil companies, Indian Oil Corp. (IOC), Bharat Petroleum Corp. (BPCL), and Hindustan Petroleum Corp. [...]
OPEC to reduce oil output over next five years –Khalid al-FalihJune 12, 2017 // 5 CommentsMembers of the Organization of the Petroleum Exporting Countries (OPEC) will significantly reduce oil production over the [...]
India’s state-run oil firms set up new system for daily fuel pricing changesJune 12, 2017 // 3 CommentsState-run oil marketing companies in India will be implementing a new system they have set up for the smooth rollout of the [...]
Saudi Aramco crude prices to Asia, US rise on high demandJune 5, 2017 // 3 CommentsAfter the extension of the production cut deal between OPEC and non-OPEC members this month, the pricing for Saudi [...]
Cardinal Energy to buy Apache’s Canadian oil assets for US$244 mnJune 2, 2017 // 0 CommentsCardinal Energy Ltd., a Canada-based oil-focused company, will purchase the Canadian oil assets of US oil and gas producer [...]