NEW IRAN OIL DEALS
WSJ. Foreign oil companies hoping to invest in Iran as sanctions are relaxed won't be able to count Iranian reserves among their assets under the draft terms of new contracts, a senior Iranian oil and gas industry official said.
But overseas oil companies may be allowed to wholly own Iranian oil services companies as part of the country's privatization program, Ali Kardor, vice president for finance and investment at the state-owned National Iranian Oil Co., said in an interview. Mr. Kardor also said Iran hopes eventually to partner with oil giants like Total in joint ventures elsewhere in the world.
An interim deal with Western governments over Iran's nuclear program last…
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US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.
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Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).
U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.