2016, November, 28, 19:00:002017: DEMAND RECOVERY
“We expect demand to recover in 2017, then prices will stabilize, and this will happen without an intervention from OPEC,” Al-Falih said in Dhahran, eastern Saudi Arabia, on Sunday, according to the Saudi newspaper Asharq al-Awsat. “We don’t have a single path which is to cut production at the OPEC meeting, we can also depend on recovery in consumption, especially from the U.S.”
2016, November, 28, 18:50:00OPEC CAN CUT
"The general trend and public statements suggest that OPEC can reach a viable agreement for its production and market management." "If we can agree, and I am optimistic, (oil) prices will increase and this is also what the world economy demands."
2016, November, 23, 18:40:00PERGAS INVESTMENT TO IRAN
Managing Director of Pergas Consortium Colin Rowley says his consortium is ready to invest in Iranian petroleum industry, train workforce and transfer technology.
2016, November, 23, 18:30:00IRANIAN - IRAQI REDUCTION
Iran and Iraq emerged as major stumbling blocks to an OPEC agreement on reducing crude-oil output, as cartel members gathered ahead of their official meeting to tackle the thorny puzzle of how to share the pain of reducing their production
2016, November, 22, 18:55:00ATTRACTIVE IRAN
Iranian oil and gas sectors are very much attractive to foreign investors because of low cast of production, a senior expert said on Monday.
2016, November, 21, 19:00:00IRAQ'S THREE PROPOSALS
The Organization of the Petroleum Exporting Countries agreed in September to reduce output to help draw down a global supply glut that is weighing on oil prices, but left the details of the plan to be worked out later. The group is holding a so-called “technical meeting” at their Vienna headquarters Monday and Tuesday to discuss the mechanism for implementing the September agreement. The technical meeting will prepare for OPEC’s ministerial meeting Nov. 30 in Vienna.
2016, November, 21, 18:55:00RUSSIAN INVESTMENTS TO IRAN
A senior official at the National Iranian Oil Company (NIOC) said on Friday that the country has signed three memoranda of understanding (MoU's) with three leading Russian oil companies for bilateral cooperation.
2016, November, 21, 18:50:00OPEC'S CAUTIOUS OPTIMISM
"I came here to meet with the Iranian petroleum minister just before attending the crucial meeting of OPEC members in Algiers and Minister Zangeneh assured me here that he would do and Iran would do everything possible to reach the consensus and to work for it," the official added.
2016, November, 17, 18:45:00IRAN - SAUDI COMPETITION
Iran overtook political rival Saudi Arabia as India's top oil supplier in October, shipping data showed, just ahead of a producers' meeting this month to hammer out the details on output cuts aimed at reining in a global glut.
2016, November, 17, 18:35:00PAKISTAN NEEDS MORE GASOLINE
Pakistan's gasoline consumption rose 17.5% year on year to 4.385 million mt in fiscal 2015-16, while high speed diesel consumption rose 2.6% to 6.223 million mt and furnace oil sales fell 250,000 mt to 8 million mt.
2016, November, 17, 18:30:00$500 MLN FOR LUKOIL
LUKOIL has raised USD 500 million in a 5-year unsecured loan at 3 month LIBOR+3.0% to finance the development of the Gissar group’s gas condensate fields in Uzbekistan. Soyuzneftegaz Vostok Limited, a wholly-owned indirect subsidiary of PJSC “LUKOIL”, is the borrower under the loan.
2016, November, 8, 18:40:00TOTAL & CNPC: IRANIAN DEAL
Iran wants $200bn of investment in its energy industry over the next five years in order to raise production. Until now the country has been struggling to persuade overseas energy companies to commit amid wrangling over the contract terms offered by Tehran.
2016, October, 31, 18:55:00PAKISTAN IS BETTER FOR WBG
Pakistan announced a three year road map to improve its global ranking on doing business earlier this year. Consistent with that, the country completed three reforms in the past year in Registering Property, Getting Credit and Trading Across Borders. The highest number in a single year over the past decade.
2016, October, 27, 18:45:00IRAQ: OUT OF DEAL
The worsening OPEC equation presents Saudi Arabia with a difficult choice after its Algiers U-turn: carry a greater burden within the group, ceding market share to other producers, or lose credibility by softening the terms of the deal. In a worst-case scenario, Saudi Arabia will have to cut production by more than 1 million barrels a day, sending the kingdom’s output to a two-year low.
2016, October, 25, 18:50:00IRAN READY TO FREEZE
A senior Iranian oil official here on Monday voiced Tehran readiness to join the Organization of Petroleum Exporting Countries (OPEC) oil freeze plan to help stabilize prices in international markets.