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IANS reported that Russian Energy Minister Mr Alexander Novak has accused the US of destabilising the global oil market, urging for wider cooperation between OPEC and non-OPEC producers to reach long-term stability.

Posted By : Nanda Koijam 10 hours 12 minutes ago
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Mr Alexander Novak, Russian Energy Minister told Rossiya state TV that high oil prices are not beneficial to anyone, after the OPEC and non-OPEC group of oil-producing countries ruled out any immediate increase in crude...

Posted By : Nanda Koijam 10 hours 15 minutes ago
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Reuters reported that oil prices could rise towards USD 100 per barrel by 2019 as US sanctions against Iran tighten markets, commodity merchants Trafigura and Mercuria said at the annual Asia Pacific Petroleum...

Posted By : Nanda Koijam 10 hours 19 minutes ago
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Reuters quoted a senior executive at commodities trader Trafigura as saying that Iran will export significantly less oil than was initially expected when the United States first announced it would reimpose sanctions on...

Posted By : Nanda Koijam 10 hours 22 minutes ago
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Sputnik reported that amid US anti-Iranian sanctions, scheduled to curb oil exports from the Islamic Republic, the kingdom was expected to boost its oil output and meet future high demand. But the country’s main...

Posted By : Nanda Koijam 10 hours 29 minutes ago
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Yonhap reported that South Korea has bought no Iranian oil since June, as refiners in the Asian country diversify their sources of crude oil imports due to US sanctions on Iran.

Posted By : Nanda Koijam 10 hours 33 minutes ago
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Sputnik reported that the US has repeatedly denounced the Russian-European JV to build a direct gas pipeline from Russia to the center of the EU via the Baltic Sea.

Posted By : Nanda Koijam 10 hours 36 minutes ago
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Sputnik reported that the Organization of the Petroleum Exporting Countries (OPEC) and non-cartel oil producers present at the meeting of the Joint Ministerial Monitoring Committee (JMMC) said they were ready to boost...

Posted By : Nanda Koijam 10 hours 40 minutes ago
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PTI reported that the Expert Appraisal Committee (EAC) under the Ministry of Environment, Forest and Climate Change, has given the green signal to state-owned ONGC limited for Additional Development Drilling of 72 wells...

Posted By : Nanda Koijam 10 hours 44 minutes ago
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Reuters reported that US energy companies cut oil rigs for a second week in three as new drilling has stalled in the nation's largest oil field, where production was forecast to grow at the slowest pace in nearly two...

Posted By : Nanda Koijam 10 hours 47 minutes ago
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