INTERNATIONAL Feed Atom

Iraqi PM says foreign oil companies in Kurdistan to resume production within a month if agreement reached over contracts

3 years ago

25 October 2023

12:39 PM

Iraq's Prime Minister Mohammed Shia Al-Sudani said on Tuesday that foreign oil companies operating in the Kurdish region informed his government that if an agreement is reached on oil production costs and contracts, they will resume oil production within a month.

Linde to Supply Industrial Gases to Indian Oil’s Panipat Refinery

3 years ago

25 October 2023

12:29 PM

Linde (NYSE:LIN) announced today that its entities in India have signed long-term agreements for the supply of industrial gases to Indian Oil Corporation's Panipat refinery in Northern India.

Oil steadies as Middle East war worries counter demand fears

3 years ago

25 October 2023

12:18 PM

Oil benchmark Brent held above $88 on Wednesday as concerns about war escalating in the Middle East offset demand worries stemming from gloomy economic prospects in Europe.

U.S. likely to tighten sanctions on Iran crude oil amid Israel-Hamas war, RBC’s Helima Croft says

3 years ago

25 October 2023

12:13 PM

U.S. President Joe Biden’s administration is likely to tighten crude oil sanctions against OPEC member Iran in response to the Islamic Republic’s backing of Palestinian militant group Hamas, according to Helima Croft, head of global commodity strategy at RBC Capital Markets.

Canadian Oil, Natural Gas Firms Predicted to Boost Spending 10%-Plus in 2024

3 years ago

24 October 2023

1:47 PM

Canadian oil and gas producers, service firms and financers predict a “moderate growth” year in 2024 as new overseas export outlets surface on the Pacific coast of British Columbia (BC), according to ATB Capital Markets Inc.

India’s reliance on crude oil imports rises to 87.8% in April-September

3 years ago

24 October 2023

10:23 AM

The reliance on imported crude in April-September was also higher than the previous fiscal’s 87.4 per cent, which was the highest-ever for a full year.

Mexico restricts imports of dozens of petroleum and petrochemical products

3 years ago

24 October 2023

10:18 AM

RoydadNaft – Mexico has put restrictions on the import of dozens of refined petroleum and petrochemical products to curb fuel theft and adulteration, its official…

World oil, gas, coal demand to peak by 2030, IEA says

3 years ago

24 October 2023

10:16 AM

World fossil fuel demand is set to peak by 2030 as more electric cars hit the road and China's economy grows more slowly and shifts towards cleaner energy, the International Energy Agency said, undercutting the rationale for any rise in investment.

IEA sees enough strategic oil reserves, no action needed for now

3 years ago

24 October 2023

10:12 AM

The International Energy Agency (IEA) sees the current level of oil storage in member states sufficient to take action if required to stabilise oil markets, and sees no need to increase strategic reserve requirements, an official said on Tuesday.

Canada’s LNG Ambitions Set To Reshape Global Gas Market

3 years ago

23 October 2023

2:14 PM

Over the last year, the U.S. has been ramping up its natural gas production, with plans to develop several more LNG facilities in the south of the country. But it seems like it’s not the only country to have major gas ambitions, as Canada continues to work on a massive new export facility.

Disney nears deal to sell $10-bln valued India business to Reliance -Bloomberg News

3 years ago

23 October 2023

2:07 PM

Disney is nearing a deal to sell its India operations, which it values at around $10 billion, to Reliance Industries, its biggest rival in the country, rather than sell the business in parts, Bloomberg News reported on Monday.

China calls for ‘fair’ gas pipeline damage probe by Finland

3 years ago

23 October 2023

2:03 PM

RoydadNaft – China called on Monday for an “objective, fair and professional” investigation into damage to a subsea gas pipeline between Finland and Estonia, saying…

Russia’s Gazprom to supply extra gas to Hungary and China this year

3 years ago

22 October 2023

12:57 PM

Russia's Gazprom will supply extra gas to Hungary through the coming winter and will also provide China with an additional 600 million cubic metres this year on top of contractual obligations, TASS news agency quoted its boss Alexei Miller as saying.

China ship is focus of pipeline damage probe, Finland says

3 years ago

21 October 2023

4:03 PM

RoydadNaft – An investigation into the damage to the Balticonnector gas pipeline is currently focused on the role of the Chinese NewNew Polar Bear container…

Canada court ruling on key environmental law risks deterring investments

3 years ago

20 October 2023

12:36 PM

RoydadNaft – A Canadian court ruling that voided most of Prime Minister Justin Trudeau’s environmental assessment law for resource projects has sparked fresh policy uncertainty…

Russia makes up 40% of Indian oil imports, dents OPEC’s share

3 years ago

20 October 2023

12:31 PM

The share of Russian oil in India's overall imports rose to about two-fifths in the first half of fiscal 2023/24, consolidating Moscow's position as the top supplier as refiners curbed purchase from the Middle East, industry data showed.

US seeks to buy 6 million barrels for oil reserve by January

3 years ago

20 October 2023

12:26 PM

President Joe Biden's administration hopes to buy 6 million barrels of crude oil for delivery to the Strategic Petroleum Reserve in December and January, as it continues its plan to replenish the emergency stockpile, the U.S. Department of Energy said on Thursday.

Russian wholesale gasoline prices decline, diesel rises

3 years ago

19 October 2023

12:49 PM

Russian wholesale prices of gasoline, which is still banned for export, declined on Thursday, while diesel prices rose after sliding the previous day.

Oil slips as Venezuela sanctions ease, Middle East in focus

3 years ago

19 October 2023

12:43 PM

RoydadNaft – Oil prices fell about 2% on Thursday as the United States eased sanctions on Venezuela to allow more oil to flow globally, but…

Venezuela’s oil sanctions relief may lift profits, no fast output rebound

3 years ago

19 October 2023

12:40 PM

A broad easing of U.S. oil sanctions on Venezuela will not quickly expand its output but could boost profits by returning some foreign companies to its oilfields and providing its crude to a wider set of cash-paying customers, experts said.