Turkey's crude oil import profile is set for major changes this year following the re-imposition of US sanctions against its main crude supplier, Iran, coupled with the commissioning of Socar's new 214,000 bpd STAR refinery.
Expected to reach nameplate capacity this year, STAR will boost Turkey'...
Two third-generation nuclear power reactors will begin operation this year in Finland and France, after years of delays and budget overruns, S&P Platts’ reported.
The Finnish project is the Olkiluoto-3 reactor, which will bring the country’s total nuclear reactor capacity to five, and will...
Iraq vowed on Friday to adhere to the production cuts agreed to by OPEC and its allies that went into effect at the start of the year.
OPEC’s number-two oil producer will hold its production at 4.513 million barrels per day for the next six months, according to the Iraqi Oil Ministry, S&P...
Oil rose towards $57 a barrel on Friday after China said it would hold talks with the United States to look for solutions to a trade dispute, while signs of lower crude supply also supported prices.
OPEC cut crude output in December, a Reuters survey showed, and the American Petroleum Institute...
The share of renewable energy in Mongolia's total electricity production has reached a record high in 2018, local media reported Monday.
The share of renewable electricity generation rose to 16 percent on average for 2018, the ministry of energy was quoted as saying, Xinhua reported.
A solar...
Iraq’s oil exports averaged 3.726 million barrels per day in December, a significant increase from the previous month, the oil ministry said on Wednesday.
Exports from Iraq’s southern Basra ports rose to a record high of 3.63 million bpd, up from 3.363 million bpd in November, the ministry said...
If OPEC does not follow through with its commitment to reduce oil production throughout this year, Brent crude prices could struggle to rise, according to J.P. Morgan’s head of Asia Pacific oil and gas.
In an early December meeting, OPEC and non-OPEC countries agreed to take about 1.2 million...
Crude oil prices look likely to trade below $70 per barrel in 2019 as surplus production, much of it from the United States, and slowing economic growth undermine OPEC-led efforts to shore up the market, a Reuters poll showed on Monday.
A survey of 32 economists and analysts forecasts the North...
India’s biggest refiner Indian Oil Corp Ltd said Wednesday that Iran may still invest in a refinery expansion project at one of its subsidiaries.
Indian Oil chairman Sanjiv Singh said Iran has not ruled out participating in the expansion at Chennai Petroleum Corp Ltd, a south India-based 20,000...
Malaysia's state-run oil and gas company Petronas has completed the acquisition of a 10% stake in a gas field in onshore Oman from Oman Oil Co Exploration & Production.
The acquisition was made by Petronas' subsidiary PC Oman Ventures Ltd in Block 61 from Makarim Gas Development, a...