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US Senate Approves New Iran Sanctions Bill

US Senate Approves New Iran Sanctions Bill

Τρι, 22 Μαΐου 2012 - 14:10

The US Senate today unanimously approved a new sanctions bill that will target companies engaged inenergy joint ventureswith Iran. The Senate fired off its latest economic salvo in hopes of ratcheting up the pressure against Iran, as negotiators from the US and other world powers are scheduled to meet with their Iranian counterparts in Iraq's capital Baghdad on 23 May to discuss Tehran's nuclear program.

NATO Has No Intention To Intervene In Syria - Rasmussen

NATO Has No Intention To Intervene In Syria - Rasmussen

Δευ, 21 Μαΐου 2012 - 16:40

North Atlantic Treaty Organization chief Anders Fogh Rasmussen on Sunday voiced concern about violence in Syria, but said the alliance has "no intention" of taking military action against the regime.

Saudi Oil Output At 9.923M B/D In March, Exceeding Russia - Data

Saudi Oil Output At 9.923M B/D In March, Exceeding Russia - Data

Δευ, 21 Μαΐου 2012 - 16:39

Oil production in Saudi Arabia, the world's largest crude exporter, rose to 9.923 million barrels a day in March, from 9.853 million barrels a day in February, overtaking Russia as the world's largest producer for the first time in six years, official data showed Sunday.

Saudi Aramco Says Completes 2nd Stage of Karan Gas Field

Saudi Aramco Says Completes 2nd Stage of Karan Gas Field

Δευ, 21 Μαΐου 2012 - 16:39

State-giant Saudi Arabian Oil Co., or Saudi Aramco, said Sunday it has completed, ahead of schedule, the second stage of the kingdom's first offshore non-associated gas field, to meet growing domestic needs.

Iraq Earns $8.8B From Oil Sales In April; Highest For Decades

Iraq Earns $8.8B From Oil Sales In April; Highest For Decades

Δευ, 21 Μαΐου 2012 - 16:37

Iraq's revenues from oil sales in April climbed to $8.79 billion, the highest the Middle Eastern country has achieved for decades, the oil ministry said in a statement Monday, adding that Iraq had sold its oil at an average price of $116.8 a barrel.

Kurdistan Pipeline to Start Exports in 2013

Kurdistan Pipeline to Start Exports in 2013

Δευ, 21 Μαΐου 2012 - 12:46

Iraq's autonomous Kurdistan region expects to start exporting its oil along a new pipeline to the Turkish border by August 2013, defying Baghdad in a long-running dispute over who controls the country's oil sales.

Iran Makes Caspian Oil Discovery

Iran Makes Caspian Oil Discovery

Δευ, 21 Μαΐου 2012 - 12:45

Iran has made an oil discovery in its sector of the Caspian Sea, which it claims could contain around 7bn-10bn bl of crude.

Japan Govt To Ask For Power Usage Cuts At Peak Times This Summer

Japan Govt To Ask For Power Usage Cuts At Peak Times This Summer

Παρ, 18 Μαΐου 2012 - 18:28

The Japanese government will likely ask for power usage cuts across most of the country in the peak summer demand period as all of the nation's nuclear plants remain offline, according to a draft report compiled by a government-affiliated panel.

Total: Fallout Of Arab Spring Will Sustain High Prices

Total: Fallout Of Arab Spring Will Sustain High Prices

Παρ, 18 Μαΐου 2012 - 18:27

High oil prices will be sustained in part through increased social spending by Middle Eastern governments in the wake of the Arab spring, Total SA (TOT) Chief Economist Pierre Sigonney said Friday.

Turkey Warns Of Reprisals Over Cyprus Energy Projects

Turkey Warns Of Reprisals Over Cyprus Energy Projects

Παρ, 18 Μαΐου 2012 - 18:27

Turkey Friday threatened reprisals against companies bidding for oil and gas drilling projects off Cyprus, in the latest spat between Ankara and the island's internationally recognized government.

WTI Discount To Brent Likely Permanent - Total SA

WTI Discount To Brent Likely Permanent - Total SA

Παρ, 18 Μαΐου 2012 - 18:27

The current discount that WTI crude has to Brent is likely to be permanent, although it will narrow as pipelines carry more oil away from the Cushing pricing hub in Oklahoma, says Total SA's (TOT) Chief Economist Pierre Sigonney.

Qatar Producing Crude Oil At Full Capacity

Qatar Producing Crude Oil At Full Capacity

Παρ, 18 Μαΐου 2012 - 18:26

Qatar is producing crude oil at full capacity and sticking to its OPEC quota, Minister of Energy and Industry Mohammed Bin Saleh Al-Sada said Friday.