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In Greece. Hellenic Petroleum declared force majeure on its 100.000-bpd Elefsina refinery in July. suspending diesel exports.
Read More »Europe’s Largest Refinery to Shutter for Two Months
IEA Head Sees Oil Prices Subdued On Non-OPEC Supply Growth
The production growth from non-OPEC countries is still there so I do not expect a price rise in the near future.
Read More »Venezuela to Invite More Countries to Join Output Cuts
Iran’s Oil Minister Bijan Zanganeh told Reuters at the event that there is ``no objection`` to the proposal for deeper cuts.
Read More »Who Is Winning the Market Share War In China?
The market share that Saudi Arabia has lost in China is a result of the Kingdom’s current policy to try to boost oil prices.
Read More »Venezuela Has Plan B to Sell Its Oil If U.S. Imposes Sanctions
PDVSA owes some US$3.5 billion to the U.S. in the next five or six weeks. according to Platts.
Read More »IEA Says China Remains Leader of Renewables
IEA'.s new report on renewable energy showed new solar PV (photovoltaic) system capacity grew by 50 percent last year. with China accounting for almost half of the global expansion.
Read More »OPEC`s Barkindo Lauds OPEC Non-OPEC Compliance with Oil Output Cut Deal
The global oil cartel was looking forward to strengthening its cooperation with Russia.
Read More »3 Foreign Oilfield Proposals Under Review
According to Zanganeh. Tehran aims to sign 10 new oil deals by the end of the current fiscal year (March 20. 2018).
Read More »Call for Petrochem Investments in Underdeveloped Areas
The country hopes to double its petrochemical output capacity to 120 million tons or more within five years.
Read More »Next Week Could Be a Turning Point for The OPEC Output Deal
Bilateral meetings will also be held on the sidelines of the event.
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