2019, September, 5, 14:40:00IRAN'S NUCLEAR WILL UP
The US has said it intend to bring Iran's oil exports down to zero. In July Iranian crude and condensates exports totaled around 450,000 b/d, which was less than half of the May export figure of 910,000 b/d,
2019, September, 5, 14:35:00U.S., IRAN SANCTIONS UP
Brian Hook, the U.S. special envoy for Iran, said Wednesday that the U.S. will “continue to drive up the costs” for Tehran’s efforts to develop ballistic missiles and take other actions soon after the Treasury Department imposed new restrictions on a shipping network controlled by Iran’s Islamic Revolutionary Guard Corps.
2019, September, 3, 13:10:00RUSSIA, SAUDI ARABIA PARTNERSHIP
“OPEC can no longer ignore Russia because of its importance as an oil exporter and its economy,” said Elina Ribakova, deputy chief economist at the Institute of International Finance in Washington. “The Russians will continue doing just enough to engage with the Saudis on oil production.”
2019, September, 3, 12:50:00TURKEY LNG IMPORTS UP
Turkey's liquefied natural gas (LNG) imports reached a record high at 7.14 billion cubic meters in the first half of 2019, according to Turkey's Energy Market Regulatory Authority's (EMRA) data.
2019, September, 2, 13:00:0024TH WORLD ENERGY CONGRESS IN UAE
With less than two weeks to go until the 24th World Energy Congress, the UAE Organising Committee gave on Wednesday an update on the number of delegates, ministers and exhibitors that will be attending the global event in Abu Dhabi.
2019, September, 2, 12:50:00UAE - RUSSIA INVESTMENT FORUM
The Sharjah Chamber of Commerce and Industry, SCCI, will be organising the UAE – Russia Forum, from 3rd to 6th September in Russia.
2019, August, 28, 13:00:00OPEC CONFORMITY 159%
The JMMC noted the overall conformity of 159% in July 2019 was 22 pp higher than in June 2019, and the average conformity of 134% since January 2019 was the highest to date in 2019. This high level of overall conformity has offset uncertainty in the market due to ongoing economic growth worries.
2019, August, 28, 12:30:00IRAN'S OIL FOR CHINA UP
China's crude oil imports from Iran rose 4.7% month on month to 926,119 b/d in July, while the US ranked as the eighth largest crude supplier as shipments surged to a 13-month high of 362,364 b/d,
2019, August, 28, 12:20:00STRATEGIC BAB EL-MANDEB
The Bab el-Mandeb Strait is a sea route chokepoint between the Horn of Africa and the Middle East, connecting the Red Sea to the Gulf of Aden and Arabian Sea. Most exports of petroleum and natural gas from the Persian Gulf that transit the Suez Canal or the SUMED Pipeline pass through both the Bab el-Mandeb and the Strait of Hormuz.
2019, August, 26, 15:35:00INDIA, UAE ECONOMY: $5 TLN
India finds a partner in the UAE to achieve its ambitious dream of achieving a $5 trillion economy, Prime Minister Narendra Modi told the Emirates News Agency, WAM, in an exclusive interview.
2019, August, 26, 15:30:00CHINA, DUBAI COOPERATION
Dubai and China have expressed keenness to enhance cooperation in energy-related areas, especially clean and renewable energy.
2019, August, 23, 11:15:00OPEC EXPORT REVENUES $711 BLN
members of the Organization of the Petroleum Exporting Countries (OPEC) earned almost $711 billion in net oil export revenues in 2018
2019, August, 23, 11:10:00OPEC MARKET SHARE DOWN
Crude oil from the Organization of the Petroleum Exporting Countries made up 30% of world oil supply in July 2019, down from more than 34% a decade ago and a peak of 35% in 2012, according to OPEC data.
2019, August, 23, 11:05:00U.S., UK, AUSTRALIA CAN CLOSE HORMUZ
Foremost among the areas to be patrolled is the Strait of Hormuz, between Oman and Iran, through which about one-fifth of the world’s seaborne crude flows out of the Gulf.
2019, August, 23, 10:35:00ADNOC CONTRACTS $3.6 BLN
The Abu Dhabi National Oil Company (ADNOC) announced, today, the award of multi-billion-dollar contracts for the procurement of casing and tubing as it drives value through its smart approach to procurement. The combined scope of the three contracts awarded is one of the world’s largest in this category, maximizing value for ADNOC across its drilling value chain and underpinning its strategy to deliver a more profitable upstream business.