OIL - SINO DAILY

Family of Iran environmentalist demand post-mortem

Feb 13, 2018 (AFP)

"The family has put in a request for a post-mortem," Arash Keikhosravi, lawyer for the family of Iranian-Canadian Kavous Seyed Emami, told the reformist Shargh ...

War-battered Iraq says it's 'open for investors'

Feb 13, 2018 (AFP)

"Iraq is open for investors," declared Sami al-Araji, chairman of Iraq's National Investment Commission, on the second day of a major reconstruction conference ...

Egyptian gas momentum picks up with Atoll, Zohr fields

Feb 13, 2018 (UPI)

BP announced gas was being produced from its Atoll basin offshore Egypt, seven months ahead of schedule, less than two years after the initial discovery and 33 ...

Bodies from Sanchi oil tanker returning home

Feb 12, 2018 (UPI)

The Islamic Republic News Agency reported the bodies of the Iranians are on their way to the international airport in Tehran after the appropriate legal procedu...

Stalemate erupting offshore Cyprus

Feb 12, 2018 (UPI)

The Turkish Ministry of Foreign Affairs accused the government of Cyprus of taking unilateral action with its hydrocarbon exploration in the Eastern Mediterrane...

Oil prices bounce back after rough week in equities

Feb 12, 2018 (UPI)

Crude oil prices wiped out all of their yearly gains in the span of a few trading sessions in February as inflationary fears pushed investors into safe-haven as...

Gas spill sparks highway inferno in China

Feb 12, 2018 (AFP)

Dashcam footage from a passing car shows a blue sedan bursting into flames just moments after the driver pulled onto the shoulder behind the tanker truck. As he...

IEA coordinates multilateral strategic oil release drill

Feb 12, 2018 (UPI)

The International Energy Agency said Monday it concluded a five-day emergency response exercise meant to simulate a multilateral release of strategic oil stockp...

Russia's Gazprom Neft makes new oil find

Feb 12, 2018 (UPI)

The company said it discovered a new field in the Orenburg oblast, a federal district north of Kazakhstan with a reserve estimate of more than 80 million barrel...

Canada's Suncor moves into Norwegian waters

Feb 12, 2018 (UPI)

For $54.5 million, Faroe said it sold a 17.5 percent working interest in the Fenja development in the Norwegian Sea to Suncor. Faroe under the terms of the deal...

Iraq seeks $88.2 bln for reconstruction: minister

Feb 12, 2018 (AFP)

Iraq hopes to raise billions of dollars in pledges at the three-day meeting, as the country reels from the rise of IS and punishing fightback against the jihadi...

OPEC: United States leads in new oil production

Feb 12, 2018 (UPI)

OPEC in its monthly market report for February raised its forecast for supply from producers outside the group by 250,000 barrels per day for an expected full-y...

Iraq asks BP to study developing Kirkuk oilfields

Feb 11, 2018 (AFP)

Luaybi told AFP he wanted to discuss a request for BP to draft a study on increasing output when the company's boss visits Kirkuk in the coming days. "I suggest...

Clash with military in Venezuela mining town leaves 18 dead: report

Feb 11, 2018 (AFP)

The incident took place Saturday at a mine in the town of Guasipati, in Bolivar state, when "an exchange of shots with several still-unidentified suspects left ...

Iraq asks BP to study developing Kirkuk oil fields

Feb 11, 2018 (AFP)

Luaybi told AFP he hoped to discuss the proposal with BP's head, who is due to visit Kirkuk in the coming days. "I suggested they study my proposal and I am wai...

Iraq banks on private sector for post-IS reconstruction

Feb 10, 2018 (AFP)

Baghdad is looking to drum up funds at a reconstruction conference in neighbouring Kuwait from February 12 to 14 after announcing the defeat of the Islamic Stat...

Norway sees PPI pulled higher by energy prices

Feb 09, 2018 (UPI)

Statistics Norway, the government's record-keeping agency reported the Producer Price Index increased 3.1 percent from December to January. By comparison, U.S. ...

China to launch own oil futures

Feb 09, 2018 (AFP)

The China Securities Regulatory Commission (CSRC) said the contracts would be launched on March 26 on the Shanghai futures market. It is the culmination of a lo...

Iran's Central Bank sees economic doors opening

Feb 09, 2018 (UPI)

"In the aftermath of the implementation of the Joint Comprehensive Plan of Action, we are trying to plan and implement effective measures for reintegration of t...

U.S. vows steady pressure on Venezuela

Feb 09, 2018 (UPI)

The Venezuelan government announced plans to hold early presidential elections April 22. Opposition parties and many of the governments in North America have cr...