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ADNOC inks new deal for base oil sales to India

- IndianOil will use ADbase to manufacture high-end engine oil for India's growing automotive sector

11:19 Refining/Petro Chemistry , News from companies , Asia , General

Democrat 2020 hopefuls say would return US to Iran deal

- Front-runners, longshots indicate support for resuming one of Barack Obama's signature achievements

10:12 Oil , World , Americas , Middle East-Africa

US ends waivers for Iran oil sanctions

- Announcement part of 'maximum pressure' campaign to stop country's oil exports

23.04.2019 Oil , Energy Diplomacy , Americas , General

Oil price up with US likely statement on Iran sanctions

- Brent posts rise due to US Secretary of State's anticipated announcement on Monday on scrapping Iran's sanction waivers

23.04.2019 Oil , Finance , Energy Diplomacy , General

Saudi Aramco to buy Shell's share in SASREF refining JV

- Following transaction, Saudi Aramco will own 100 percent of joint venture located in Saudi Arabia's Jubail Industrial City

23.04.2019 Refining/Petro Chemistry , News from companies , Middle East-Africa , General

Schlumberger's net income falls 20% in 1Q19

- Net income decreases to $421 million in first quarter of year, from $525 million for same period a year ago

20.04.2019 Upstream , Invesments , Americas

ConocoPhillips sells UK exploration, production company

- Sale is part of company's ongoing effort to focus investments across future low cost supply opportunities

20.04.2019 Oil , Europe

Oil prices up with decline in US oil rig count

- Brent posts 0.5% increase for four day trading this week, a day early because of market closure on 'Good Friday'

19.04.2019 Upstream , Stock Market , International Organization , Eurasia

8 count fall in US oil rigs supports higher prices

- Despite decline, number of oil rigs in US has remained steady compared to a year ago

19.04.2019 Upstream , Americas

Russia bans oil export to Ukraine

- Ban extends to imports from Ukraine including machinery and metalwork

19.04.2019 Oil , Eurasia

Kinder Morgan income rises 14% in first quarter of 2019

- Net income rose to $556 million in first quarter from $485 million for same period of 2018

19.04.2019 Downstream , Downstream , Projects , Americas

Oil price dips slightly as US retains record high output

- US crude oil output remains above 12 million barrels per day

18.04.2019 Upstream , Stock Market , Americas

US crude oil stocks, production fall for w/e April 12

- Crude oil production falls to 12.1 million barrels per day

18.04.2019 Upstream , Refining/Petro Chemistry , Americas

Oil prices gain with rise in China refinery output

- Greater output shows rise in crude oil demand in world's second biggest oil consumer

18.04.2019 Refining/Petro Chemistry , Stock Market , Asia

US crude export levels and destinations rise in 2018

- Reaching 42 countries, US crude exports increased by 67 percent year-over-year

17.04.2019 Upstream , Oil , Americas

Saudi Aramco to acquire stake in Hyundai Oilbank

- Subsidiary Aramco Overseas Company B.V to purchase 17 percent stake in South Korean oil refining company

17.04.2019 Refining/Petro Chemistry , News from companies , Asia , General

Oil falls with possibility of OPEC, Russia output boost

- Russian official signals OPEC+ could increase output to regain lost shares taken by U.S. shale producers

17.04.2019 Upstream , International Relations , Eurasia , Americas , Middle East-Africa

Canada announces new sanctions against Maduro

- FM cites action against regional governors, those Canada says directly implicated in undermining democratic institutions

16.04.2019 Oil , Finance , Energy Diplomacy , Turkey , Americas , General

Iran says more US pressure means more fragile oil market

- Trump should choose whether to add more pressure on Iran or keep fuel prices low in US, Oil Minister Zangeneh says

15.04.2019 Oil , Energy Diplomacy , International Relations , World , Americas , Middle East-Africa , General

US crude oil production more than doubles in decade

- Since shale oil revolution in 2008, US sees annual crude production grow by 119%

16.04.2019 Upstream , Invesments , Energy Projects , Americas

Brent oil up to $71.49 at week beginning April 15

-Crude prices show slight fall at beginning of week with low global oil demand

16.04.2019 Electricity , Finance , Downstream , Americas , General

Number of US oil rigs rises by 2 to 833

- Despite increase in weekly oil rig count, crude prices rise on Friday

15.04.2019 Oil , Americas , General

Brent oil up to $71.73 for week ending April 12

-Crude prices are on the rise since the beginning of 2019 as overall oil supply tightens with ongoing sanctions and OPEC cuts

13.04.2019 Oil , Americas , Middle East-Africa , General

Oil prices up with OPEC cuts, supply risks

- Canada-based RBC Capital Markets raises oil price forecast by around $6 per barrel for 2019

13.04.2019 Upstream , Stock Market , Energy Security , Middle East-Africa

Saudi Aramco to sell Arabian crude oil to Polish refiner

- Aramco Trading signs supply agreement with PKN Orlen

12.04.2019 Oil , News from companies , Europe , Middle East-Africa , General

Norway's petroleum sales increase in 2018

- Country's total sales volume of petroleum products for 2018 increases year-on-year by 0.5 percent to 8.59 billion liters

12.04.2019 Oil , Finance , Europe , General

Norway's oil production in March is below forecast

- Norway's preliminary oil production in March is 1.5% lower than Norwegian Petroleum Directorate's forecast

12.04.2019 Oil , Europe , General

Shell to sell US Gulf of Mexico asset for $965 million

- Caesar-Tonga asset, in which Shell has 22.45% interest, produces 70,000 barrels of oil equivalent per day

12.04.2019 Upstream , Projects , Europe , Americas

Global crude output falls in March '19

- OPEC crude oil output tumbled by 550,000 b/d in March with losses in Venezuela, and with lower Saudi Arabian, Iraqi output

11.04.2019 Oil , Finance , General

US crude stocks rise, production remains at record high

- Commercial crude oil inventories increase by 7 million barrels last week

11.04.2019 Refining/Petro Chemistry , Americas

Oil prices fall with rising US stocks, record output

- US crude production remains at all-time high to push oil prices lower

11.04.2019 Upstream , Stock Market , Americas

Global oil supply falls in March 2019

- OPEC crude oil production decreases by 534 thousand barrels per day to average 30.02 million barrels per day, data shows

11.04.2019 Oil , Finance , Americas , Middle East-Africa , General

Oil prices on rise with Libya tensions & supply cuts

- IMF lowering global growth forecast could keep some cap on rising crude oil prices

11.04.2019 Upstream , Energy Security , Middle East-Africa

US revises up oil price forecasts for 2019

- Energy Information Administration revises up Brent oil by $2 per barrel for this year

11.04.2019 Upstream , Stock Market , Americas

Saudi Arabia to continue with U.S. dollar in oil trade

- Trading in dollar serves well kingdom's financial and monetary policies objectives

10.04.2019 Oil , Middle East-Africa

Shell to invest $300 million to tackle carbon emissions

- Investment to focus on high quality nature-based solutions and the rebuild of critical ecosystems

09.04.2019 Oil , Europe

Oil prices mixed as Brent crude hovers around $71

- Benchmark reaches $71.34 a barrel -- its highest level this year

09.04.2019 Upstream , Energy Security , Middle East-Africa

London drivers face new emission charges

- Driving in central London just got more expensive for vehicles that are not up to new emission standards

08.04.2019 Transportation/Fuel Oil , Europe

Anadolu Agency launches energy journalism training

- Twenty reporters from Middle East, South America, Eurasia and North Africa will participate in two-week-long program

09.04.2019 Electricity , Natural Gas , Oil , Finance , Renewable , Energy Diplomacy , General

Energy demand in 2018 shows fastest growth in decade

- Global carbon emissions reached historic levels rising by 1.7 percent year on year

09.04.2019 Electricity , Oil , Americas

Brent oil above $70 a barrel with tight global supply

- The benchmark gained 31 percent since the beginning of 2019

08.04.2019 Upstream , International Organization , Americas , Middle East-Africa

Number of US oil rigs rises by 15 to 831

- Despite increase in weekly oil rig count, crude prices rise on Friday

07.04.2019 Oil , World , Americas

US issues fresh Venezuela oil sanctions

- Penalties target 2 companies, 34 vessels sanctioned

08.04.2019 Oil , Americas

Brent down slightly to $69 w/e April 5 from Wed's peak

- Global oil prices push near highest levels in 5 months on Wednesday amid tight supply and positive China, US economic data

06.04.2019 Oil , World

EC says Volkswagen, BMW, Daimler broke antitrust rules

- Europeans may have been denied the opportunity to buy cars with best available technology, EU commissioner says

06.04.2019 Transportation/Fuel Oil , Regulation , Europe

US boosts crude oil stocks and output

- Oil stocks rise by 7.2 million barrels, crude production inches forward by 100,000 barrels per day for week ending March 29

04.04.2019 Oil , Americas

Oil prices climbing towards five-month high

- Brent crude increases to $70 on Wednesday, while WTI rises to $62.85

04.04.2019 Oil , World

Iraq's oil exports up over 3 percent in March

- More than 104.6 million barrels exported last month, according to Oil Ministry

02.04.2019 Oil , Middle East-Africa , General

Global oil prices see highest levels of 2019

- Shortages from Venezuela, Iran and OPEC+ as well as drops in U.S. shale production push oil prices to new highs

03.04.2019 Oil , Americas

Brent rises to $68.44 at week beginning April 1

- Fall in U.S. oil rigs numbers to 816 in week ending March 29 pushes oil prices higher

02.04.2019 Oil , World

Number of US oil rigs falls by 8 to 816

- Following decrease in weekly oil rig count, crude prices show gains on Friday

01.04.2019 Oil , Americas

Brent surpasses $68 at week ending March 29

- OPEC supply cuts and US sanctions put upward pressure on crude oil prices, but concerns over demand limit oil gains

30.03.2019 Oil , World

Turkey's energy import bill up 2.7% in February 2019

- Total imports cost nearly $13.59 billion in February, with energy accounting for 25.32 percent

30.03.2019 Oil , Finance , Turkey

EU sets 37.5% CO2 reduction target for new cars by 2030

- New legislation also sets a CO2 reduction target of 31 percent for new vans by 2030

29.03.2019 Transportation/Fuel Oil , Regulation , Renewable , Energy Diplomacy , Europe

Saudi Aramco to buy 70 pct stake in petrochem. firm SABIC

- Riyadh-based companies have petrochemicals production capacity of 17 and 62 million tons per year, respectively

29.03.2019 Refining/Petro Chemistry , News from companies , Middle East-Africa , General

BP commits $100M to reduce greenhouse gas emissions

- Fund will support projects in group's upstream oil and gas operations

27.03.2019 Upstream , Upstream , News from companies , World , General

Turkey's crude oil imports up 48.1% in January 2019

- Total oil product imports rise by 18.4 percent to 3.1 million tonnes

27.03.2019 Oil , Turkey , General

Global energy demand hits fastest pace this decade: IEA

- Stronger heating/cooling demand leads to greater energy growth worldwide, International Energy agency report says

27.03.2019 Electricity , Natural Gas , Oil , Coal , Energy Diplomacy , World

US tells Russia it will not 'stand idly’ on Venezuela

- Secretary of State Mike Pompeo urges Moscow 'to cease its unconstructive behavior,' State Dept. says

26.03.2019 Oil , Eurasia

Geopolitical shifts play key role in energy transition

- World Economic Forum report highlights major energy events in 2018

26.03.2019 Oil , World

Indian consortium to explore Abu Dhabi Onshore Block 1

- ADNOC awards oil, gas exploration rights in large block near Ruwais refining, petrochem hub to Indian Oil & Bharat Petroleum

26.03.2019 Upstream , Upstream , News from companies , Middle East-Africa , General

Brent falls to $66.44 on US recession fears on Mar. 25

- Brent crude traded $66.44 at 0712GMT on Monday, and WTI registered as $58.67 at the same time

26.03.2019 Oil , Finance , Americas , General

ADNOC inks downstream MoUs with OMV, Borealis

- Abu Dhabi National Oil Company aims to explore new collaboration opportunities in downstream sector

26.03.2019 Downstream , Refining/Petro Chemistry , News from companies , Middle East-Africa , General

Brent sees fall to $66 at week ending March 22

- Brent crude traded $67.22 at 0639 GMT on Monday, and WTI registered as $58.52 at the same time

22.03.2019 Oil , World , General

Oil discoveries in SE Turkey to add $700M to economy

- Turkey discovers oil in three fields in southeastern provinces of Siirt and Diyarbakir

25.03.2019 Oil , Finance , Turkey , General

US oil stocks fall, production up for w/e March 15

- Crude production increases by 100 thousand barrels while inventories fall by 9.6 million barrels

22.03.2019 Oil , Finance , Upstream , Downstream , Americas , General

US sanctions on Venezuela may worsen crisis: UN

- US sanctions on Venezuela may worsen South American country's economic situation, UN human rights chief warns

21.03.2019 Oil , Stock Market

Eni announces oil and gas discovery in North Sea

- Preliminary estimates place size of discovery as 63-132 thousand barrels of recoverable oil equivalent in license 869

20.03.2019 Upstream , World , General

Norway's petroleum sales decrease in February

- Country's total sales volume of petroleum products for February drops year-on-year by 7.9 percent to 558 million liters

20.03.2019 Oil , Europe , General

Vitol to acquire asphalt trading business VALT

- Company to acquire a further 50 percent of VALT, which is set to make Vitol a leader in global asphalt trade

20.03.2019 Downstream , World , General

OPEC recommends cancellation of scheduled April meeting

- JMMC schedules May meeting ahead of OPEC June meeting, in which decision is due to be taken on oil output cuts for 2H19

19.03.2019 Oil , International Organization , World

Japan's Inpex wins Abu Dhabi onshore exploration bid

- ADNOC awards Inpex Corporation oil and gas exploration rights for Abu Dhabi Onshore Block 4 in UAE

18.03.2019 Upstream , Upstream , News from companies , Middle East-Africa , General

Number of US oil rigs falls by 1 to 833 w/e Mar. 15

- Despite slight drop in weekly oil rig count, oil prices fell on Friday

18.03.2019 Oil , Finance , Americas , General

Baku, Moscow mull Russian oil to Turkey's STAR refinery

- Azerbaijan's Energy Minister and Russian Energy Minister discuss supplies for $6.3 billion STAR facility in Izmir

19.03.2019 Oil , Refining/Petro Chemistry , Turkey , Eurasia , General

Brent sees rise to $67.23 at week beginning March 18

- Losses in Venezuela and lower Saudi Arabian and Iraqi output brought OPEC's production in February to lowest in four years

19.03.2019 Oil , Finance , Americas , General

Brent sees slight rise to $66 at week ending March 15

- Supply cuts put upward pressure on crude oil prices

18.03.2019 Oil , World

Global crude output falls in February '19

- February OPEC output drops by 240 thousand barrels per day, on losses in Venezuela and lower output from Saudi Arabia & Iraq

18.03.2019 Oil , World

Oil prices seek balance with supply cuts, low demand

- Prices fluctuate with lower supply from major producers and unease over weakening global oil demand this year

15.03.2019 Oil , World

Eni makes new gas discovery in offshore Egypt

- Thirty three meters of gross sandstone pay with good petrophysical properties found in Nour-1 well

15.03.2019 Oil , Finance , Europe , Middle East-Africa , General

Global oil supply falls in Feb. '19

- OPEC crude oil production decreases by 221 thousand barrels per day to average 30.55 million barrels per day, data shows

15.03.2019 Oil , Finance , Refining/Petro Chemistry , General

US oil stocks, production fall for week ending March 8

- Crude inventories down by 3.9 million barrels, against market estimate increase of 2.6 million barrels

14.03.2019 Upstream , Refining/Petro Chemistry , Americas

BP, Environmental Defense Fund join to cut methane emissions

- Collaboration aims to reduce methane emissions across oil and gas industry

14.03.2019 Natural Gas , Oil , News from companies , World , General

Oil prices up with fall in US crude stocks, production

- Decline in inventories and output alleviates some investors' worries over rising, global oversupply

15.03.2019 Upstream , Stock Market , Americas

Oil prices up as US lowers crude production estimates

- Downward revision eases worries by anticipating that glut of supply in global market will be less than previously predicted

14.03.2019 Oil

US crude exports to catch up with Saudi Arabia by 2024

- Crude exports estimated to reach 9 million barrels per day in five years, International Energy Agency says

14.03.2019 Downstream , International Organization , Americas , Middle East-Africa

US energy admin. increases Brent oil forecast for 2019

- Brent price is expected to average $63 per barrel this year, up $2 a barrel from previous month's estimate

13.03.2019 Upstream , International Organization , Americas

US: Pompeo slams nations using energy for ‘malign ends’

- US top diplomat wants to ‘punish bad actors’ in international arena, urges support for US in oil industry

13.03.2019 Oil , International Relations , Americas

Oil prices up as Iran, Venezuela production due to fall

- Two countries are expected to account for a total of 1.76 million barrels per day in lost production

13.03.2019 Upstream , Stock Market , International Organization , Americas , Middle East-Africa

Brent sees slight rise to $66.27 on Monday, Mar. 11

- Increase due to fall in number of US oil rigs

12.03.2019 Oil , Finance , Americas , Middle East-Africa , General

Norway's wealth fund seeks to divest oil, gas holdings

- Goal is to reduce vulnerability to permanent oil price decline, says finance minister

10.03.2019 Upstream , Upstream , Invesments , Europe , General

Number of US oil rigs falls by 9 to 834

- Despite decrease in weekly oil rig count, crude prices slump on US job market slowdown, European growth concerns

10.03.2019 Oil , Finance , World , General

Brent sees slight fall to $65.08 at week ending Mar. 8

- Crude oil prices show slight fall on Friday with lower Eurozone growth estimates and declines in Chinese exports

09.03.2019 Oil , Americas , Middle East-Africa , General

Global oil rig count rises in February: Baker Hughes

-Total number of oil rigs worldwide rises 1.5 percent to 2,306 in February 2019 from same period last year

09.03.2019 Upstream , Americas

Oil down with weak Eurozone estimates, Chinese exports

- Chinese exports fall in February, signaling future weaker oil demand

08.03.2019 Upstream , Invesments , Europe , Asia

ExxonMobil expects earnings to rise 140 percent by 2025

- Company says estimated total earnings potential has increased by around $9 billion

08.03.2019 Oil , Finance , Americas , General

Rise in oil prices limited by surge in US crude stocks

- Crude stocks in US soar by 7.1 million barrels compared to market expectation of 1.2 million barrel increase

07.03.2019 Upstream , Stock Market , Americas

US crude stocks supersede market forecast w/e March 1

- Crude inventories jump 7.1 million barrels against market estimation of 1.2 million barrels

07.03.2019 Refining/Petro Chemistry , Americas

Oman’s gas production to surpass oil by 2023: Rystad

- Country's gas share in its oil-gas mix is estimated to be over 50 percent in 2025, from around 35 percent in 2015

07.03.2019 Lng/Lpg , Upstream , Middle East-Africa

ExxonMobil, Chevron to ramp up Permian output in 5 yrs.

- Companies plan to increase output in oil-rich basin by around 1 million barrels a day each

07.03.2019 Upstream , Invesments , Americas

Oil prices down as US majors plan to raise production

- US crude oil output stands at record high level of 12.1 million barrels a day

06.03.2019 Upstream , Americas

Aker Energy finds oil offshore Ghana

- Company says it will continue drilling to verify estimated volume of resources

05.03.2019 Upstream , Middle East-Africa

Oil prices down as China lowers growth forecast

- China lowers growth expectation for 2019 to between 6-6.5 percent from previous estimate of 6.5 percent

06.03.2019 Upstream , Invesments , International Relations , Asia

Shell joins consortium for waste-to-chemicals facility

- Facility will be first in Europe to make chemicals and biofuels out of non-recyclable waste materials

05.03.2019 Refining/Petro Chemistry , Projects , Europe

US shale output to grow 15% in 2019 with 5% lower capex

- Shale operators aim to prioritize cost discipline over aggressive growth, Rystad Energy partner says

05.03.2019 Upstream , Invesments , Americas

US biofuels trade, prod. to remain stable through 2020

- Ethanol exports have accounted for an increasing share of production since 2013, administration says

05.03.2019 Transportation/Fuel Oil , Americas

40+ nuclear deals made at Atomexpo 2019 in Russia

Akkuyu nuclear plant tracks progress one year on

EU's production of nuclear heat down 1.3% in 2017

Turkish trade minister to visit Russia on Wednesday

GE begins to digitize thermal, renewable power in India

China's coal output up 5.2 pct in September

Asian Dev. Bank to loan $500M to Bangladesh power plant

China’s coal production up 4 percent in April

US energy consumption reaches record level in 2018

US gas-fired plants surpass coal-fired capacity

US coal exports hit 5-year high in 2018: EIA

Global energy demand hits fastest pace this decade: IEA

Total inks interim deal for Oman's onshore gas block 12

BP commits $100M to reduce greenhouse gas emissions

Indian consortium to explore Abu Dhabi Onshore Block 1

Japan's Inpex wins Abu Dhabi onshore exploration bid

‘Ankara to always protect Turkish Cypriots’ rights’

Total, ADNOC to explore gas in Abu Dhabi

Osaka to acquire 35pct stake in US shale gas project

UK announces new measures to back shale gas exploration

Kinder Morgan income rises 14% in first quarter of 2019

Turkey continues to be key in region's energy projects

US energy consumption reaches record level in 2018

Serbia to refute EU opposition to TurkStream's 2nd line

ExxonMobil signs 20-year LNG deal with China's Zhejiang

Qatar Petroleum to hold tender for 100+ new LNG ships

Norwegian LNG vessel to arrive in Turkey on April 26

Total and partners sign agreement for Papua LNG project

Schlumberger's net income falls 20% in 1Q19

Oil prices up with decline in US oil rig count

8 count fall in US oil rigs supports higher prices

Oil price dips slightly as US retains record high output

Kinder Morgan income rises 14% in first quarter of 2019

Brent oil up to $71.49 at week beginning April 15

ADNOC inks downstream MoUs with OMV, Borealis

US oil stocks fall, production up for w/e March 15

US petroleum product exports set new high in 2018

ADNOC inks new deal for base oil sales to India

Saudi Aramco to buy Shell's share in SASREF refining JV

US crude oil stocks, production fall for w/e April 12

London drivers face new emission charges

EC says Volkswagen, BMW, Daimler broke antitrust rules

EU sets 37.5% CO2 reduction target for new cars by 2030

US biofuels trade, prod. to remain stable through 2020

Vestas secures its largest wind order in Poland

Europe invests €27 billion in new wind farms in 2018

Germany, Norway open offshore wind farm in Baltic Sea

Nordex Group posts wind order intake of 1 GW in 1Q19

UK invests £30M to expand India's solar farm network

Malaysian Petronas venturing into renewables

Vestas acquires 25.1% stake in German SOWITEC

Engie, Tokyo Gas to establish renewables JV in Mexico

Turkey hits daily hydroelectric gen. record on April 16

US energy consumption reaches record level in 2018

Australia plans pumped hydro at old copper mine

Norway produces 93.6% electricity from hydro in Feb. 19

Enel buys 650 MW of renewable power plants in US

Engie buys French biomethane producer Vol-V Biomasse

Eni, Indonesia’s Pertamina ink circular economy deal

GE begins to digitize thermal, renewable power in India

Turkish business delegation visits Mali to boost trade

Business circle hails Bosnia wood industry potential

Kinder Morgan income rises 14% in first quarter of 2019

Vattenfall to launch pilot storage project in Berlin

China could support low carbon growth by greening BRI

Schlumberger's net income falls 20% in 1Q19

Equinor invests in new oil platform in Azerbaijan

$170M to help battery tech Co. improve li-ion batteries

Oil prices up with decline in US oil rig count

Oil price dips slightly as US retains record high output

Oil prices gain with rise in China refinery output

Oil prices up with OPEC cuts, supply risks

US crude export levels and destinations rise in 2018

S&P revises Mexico's Pemex outlook to negative

Seven oil, gas majors establish blockchain consortium

Chevron is 1st US energy major to tie pay to emissions

US coal consumption in 2018 set to be lowest in 39 yrs.

Turkey's electricity consumption down 2.2% in Nov.

US plans to end electric car, renewable subsidies

MEDREG can play 'crucial' role in Med energy sector