OPEC, Russia crude production rose in October, offsetting Iran losses: monthly report.
5 hour agoOPEC sees demand for its own crude falling even faster than expected in 2019 as a slowing global economy crimps demand and rival supplies surge
Saudi Energy Minister: We will reduce our oil exports in December by 500 thousand barrels per day compared to November
Iraq has halted oil exports to Iran, says official
Rohani: US sanctions can not stop exporting Iranian oil
The court in Switzerland prohibit Nord Stream and Nord Stream 2 to make payments to Gazprom to back Stockholm court decision for Naftogaz
4 day agoBrent crude is now in a bear market with oil down more than 20% since it recent peak price above $86 a barrel.
Power plant malfunction causes blackout in Rhodes
US court halts construction of Keystone XL oil pipeline
4 day agoWest Texas crude enters a bear market
Poland's state company PGNiG signed 24-year deal for US LNG from American supplier Cheniere. PGNiG says US LNG is 20-30% cheaper than Russian gas.
Russia aims to boost crude output by 300,000 B/D next year unless deal struck with Saudis to retain output - sources
Russia and Saudi Arabia started to discuss oil output cut in 2019
6 day agoOil's slump spurs talk of another OPEC policy reversal
Rosneft wants its Western oil buyers to accept new terms and pay penalties from 2019 if they fail to pay for supplies in the event that new U.S. sanctions on the Russian energy major disrupt its oil sales, according to trading sources and Rosneft’s draft contracts.
Independent traders refused to sell oil to large refineries to encourage oil companies and the government to unfreeze gasoline prices
1 week agoIraq aims to supply China with about 60% more crude next year, as OPEC's second-biggest supplier double downs on its main market in Asia
1 week agoOil skeptics have downplayed sanctions against Iran.
Turkey's Minister of Energy and Natural Resources @fatih_donmez announced that Turkey will search for petroleum and natural gas in the Black Sea when it deploys its second drill ship.
Turkey has been told it will receive a waiver on US sanctions against Iran. US Secretary of State Mike Pompeo said the US will issue eight exemptions to countries importing Iranian oil
Russia vows to help Iran counter US oil sanctions
1 week agoRussian oil production nears an all-time high
On possibility of Iran Oil Import Waiver to India, @StateDept tells: We're prepared to work with countries that are reducing their imports on a case-by-case basis. US currently is in the middle of an internal process to consider significant reduction exemptions.
The Iraqi federal government shut an oil pumping station in a Kirkuk oilfield due to a crack in a key crude pipeline, two official sources from the state-owned North Oil Company (NOC) said on Wednesday.
Russia is said to raise Oct. oil output to almost 11.41M B/D
1 week agoDrill ship Fatih sailing towards Alanya offshore with Offshore Supply Ships Sophie Siem and Siem Louisa for the first Turkish trial drill in SE Mediterranean Sea
US is considering to provide sanction exemptions to countries who significantly reduce oil imports from Iran — State Department
Oil storage caught fire in Khanty-Mansi region of Russia, 2 workers wounded
2 week agoTurkey starts today its first own gas exploration in the Eastern Mediterranean.
OPEC and its allies are likely to keep oil-production policy steady when they meet in December as current prices near $70 a barrel suit all members, Nigeria's oil minister said.
