OIL - INDO DAILY

Iran FM says Europe incapable of bypassing US sanctions

Apr 03, 2019 (AFP)

Iran and six world powers agreed on a deal in 2015 that severely restricted Tehran's nuclear activities in return for sanctions relief and economic incentives. ...

Iran braces as floods set to spread to oil-rich region

Apr 02, 2019 (AFP)

"The water moving south from Ilam and Lorestan provinces will enter Khuzestan... many villages there will be submerged," said Ali Asghar Peivandi, the head of I...

Cleaning up oil using magnets

Apr 02, 2019 (SPX)

The magnetic particles and their shells can then be removed from the water relatively simply and in an environmentally-friendly manner and can even be reused af...

Trump moves to relaunch Keystone XL pipeline

Mar 30, 2019 (AFP)

The XL project, a crucial segment in a network of pipelines linking Canadian oil fields to US refineries on the Gulf Coast, was blocked in November by a US fede...

Trump's move to lift offshore drilling bans 'illegal': judge

Mar 30, 2019 (AFP)

Trump's effort to open more areas to drilling "is unlawful, as it exceeds the president's authority," Judge Sharon Gleason ruled. As a result, bans on drilling ...

Stop interfering in Venezuela, Russia warns US

Mar 30, 2019 (AFP)

"We recommend that the United States stop threatening Venezuela, smothering its economy and pushing it towards civil war in open violation of international law,...

Kremlin says US not to 'worry' about Russia-Venezuela ties

Mar 28, 2019 (AFP)

Russian President Vladimir Putin's aide spoke after US President Donald Trump demanded that Russia remove its military from the crisis-stricken country. Preside...

Russia-Germany pipeline on track despite US pressure

Mar 27, 2019 (AFP)

This week the consortium led by Russian energy giant Gazprom took international media to the Baltic coast town of Lubmin where the existing Nord Stream 1 and it...

Lima Group concerned over Russian 'provocation' in Venezuela

Mar 26, 2019 (AFP)

The 13 Latin American states and Canada said they were concerned "over the arrival of two Russian military aircraft" in Venezuela and condemned "any provocation...

Gas demand fuels profit surge at Chinese oil giants

Mar 25, 2019 (AFP)

Sinopec's profit grew 23.4 percent to 63.1 billion yuan ($9.4 billion) in 2018, the company said in a report submitted to the Shanghai Stock Exchange. Sinopec, ...

Energy stealthily hitches ride in global trade

Mar 25, 2019 (SPX)

And that energy leaves its environmental footprint home. In this month's journal Applied Energy, MSU researchers examine China's flow of virtual energy - the en...

Sri Lanka opens work on $3.85bn refinery near strategic port

Mar 24, 2019 (AFP)

Prime Minister Ranil Wickremesinghe said Hambantota, a district in Sri Lanka's south which lies on one of the world's busiest shipping lanes, would become a glo...

Inter-American Development Bank leaves China in Venezuela row

Mar 23, 2019 (AFP)

The bank, which provides development funding for Latin America and in which Washington holds 30 percent of voting power, said it would no longer gather in the s...

Energy giants spent $1bn on climate lobbying, PR since Paris: watchdog

Mar 22, 2019 (AFP)

Despite outwardly committing to support the Paris agreement and its aim to limit global temperature rises, ExxonMobil, Shell, Chevron, BP and Total spend a tota...

IEA: OPEC has enough spare capacity to cover any Venezuela loss

Mar 21, 2019 (UPI)

"During the past week, industry operations were seriously disrupted and ongoing losses on a significant scale could present a challenge to the market," the Inte...

What oil leaves behind in 2.5 billion gallons of water every day in US

Mar 21, 2019 (SPX)

Handling that water is a major challenge in the oil refinery industry, particularly because it is deemed unusable for household and commercial use by the Enviro...

EU Parliament urged to strip ExxonMobil lobbyists of access badges

Mar 21, 2019 (AFP)

Greens deputy Molly Scott Cato told the hearing in Brussels she would formally make the request later Thursday to deny ExxonMobil, the world's largest publicly ...

US Gulf Coast refiners increasingly buying hydrogen

Mar 21, 2019 (UPI)

"As global demand for distillate fuel oil has increased and sulfur content regulations have become more stringent, refineries have needed to use more hydrogen,"...

US gasoline average price rises to year-ago levels

Mar 21, 2019 (UPI)

"Today's price is just as expensive as the same day a year ago," the AAA driver organization said in its weekly report, indicating this is the first time since ...

Oil pauses after recent gains but stays near highs

Mar 21, 2019 (UPI)

West Texas Intermediate prices fell 0.9 percent to $58.75 per barrel as of 7:50 a.m. EST, while Brent crude fell 0.3 percent to $67.23 per barrel as of the same...