Eni SpA might sell stake in Mexican offshore oilfield to Qatar Petroleum
Italy's Eni SpA is in talks with Qatar Petroleum International to sell a stake in its Campeche Bay offshore oilfield discovery in Mexico, according to a Bloomberg report...
Tag : production
Saudis see no need to extend OPEC deal beyond six months
Following the announcement by Saudi Arabia’s Energy Minister Khalid Al-Falih on Monday, oil prices fell...
Japan: Growth stable for the time being
Unemployment at two-decade low while industrial production has picked up...
Japan: Growth stable for the time being
Unemployment at two-decade low while industrial production has picked up...
Oil price down cycle ‘nearing end’: Saudi minister
“Market fundamentals, in terms of supply and demand, have begun to improve” IFM Correspondent October 26, 2016: Speaking at the World Energy Congress in Istanbul, Turkey, Saudi Arabia’s Energy Minister Khalid al-Falih said that as market fundamentals improve, the current down cycle of crude prices is close to an end. Oil prices are currently hovering...
Iraq refuses to cut oil production
Says the country needs funds as it is embroiled in a war with Islamic militants IFM Correspondent October 24, 2016: It is back to square one. When things were finally looking up for the oil market with Iran agreeing to stabilise the market, Iraq played a spoilsport by refusing to join any deal from OPEC...
Iran needs FDI to crank up mining sector
So far, the country has retained its 14th rank among steel producers Prof. Keyvan Jafari Tehrani September 12, 2013: The Iran Customs Administration released statistics in connection with the foreign trade during the first four months of the Iranian year 1395 (from March 21st through July 21st, 2016). The statistics show that Iran steel industry...
Saudi, Russia to work together on oil prices
Price of oil jumps 5% September 6, 2016: The price of oil jumped by 5% after Russia and Saudi Arabia discussed ways to stabilise oil prices on the sidelines of the G20 summit in China. Both countries said they will not act immediately but could limit output in the future. The joint statement was signed...
Iran shifts tactics to lock in global energy allies
Adopts fresh approach to crude oil blending, ropes in collaborators Daniel Colover June 23, 2016: Iran’s new approach to building energy allies is being revealed as the former powerhouse staggers back onto the global stage. The lifting of Western-imposed sanctions on January 17 has given the country a new lease of life. Tehran’s ability to...
Oil trade: No sign of prices going up
Some analysts claim that OPEC will not last more than 50 years Suparna Goswami Bhattacharya November 27, 2014: Economists dealing with oil prices and stability were in for a shock when global oil prices started to tumble this year. After three years of relative calm wherein prices moved less than three percent year-on-year, the sudden...