Two Indian companies have placed purchase orders for Iranian oil in November, oil minister Dharmendra Pradhan said on October 8th , adding to that India does not yet know if it will receive a waiver from the US excluding it from sanctions on Iranian energy trade set to take full effect on November 4th.
Oil prices could reach $90 a barrel by Christmas and rise further to $100 a barrel before the new year, Trafigura’s Co-Head of Oil Trading Ben Luckock told a conference on September 24.
The number of oil traders betting on $100-per-barrel WTI by 2019 has surged in the past week.
Emirates National Oil Company (ENOC) group has signed a memorandum of understanding (MoU) with Maltese state-owned Enemed to strengthen cooperation between the two companies.
The Kuwait Oil Company reported a slight gas leak in West Kuwait on October 2, which it says is now under control.
A fire at a petrochemical plant owned by the Saudi National Petrochemical Industrial Company (NATPET) in the Yanbu province on the Red Sea has killed one worker and injured 11 more.
The Syrian Petroleum Company lost around 252 million barrels of oil in the first half of 2018 due to delays, production failures and theft.
Iran will offer 1 million barrels of oil destined for export on the stock exchange, possibly by as soon as next week, head of the state-run National Iranian Oil Company (NIOC) said.
Saudi Arabia proposed building a multi-billion dollar oil refinery in the Pakistani port city of Gwadar during high-level diplomatic talks between a Saudi delegation and Pakistani authorities.
Morocco is preparing a tender for a liquified natural gas (LNG) project in the Atlantic port of Jorf Lasfar, the country's energy minister has announced.
