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Iran to boost crude output despite bans: Zanganeh

08/04/2014
Iranian Oil Minister Bijan Nambar Zanganeh says the Islamic Republic is poised to increase its crude oil

Japex begins Japan's 1st commercial shale oil production

08/04/2014
Japan Petroleum Exploration Co (Japex) said it has begun the country's first commercial production of

EIA: Iran's oil output at 3.2 mbpd in 2013

08/04/2014
US Energy Information Administration (EIA) announced that Iran produced 3.2 million barrels per day (mbpd) of oil in 2013 maintaining its 2nd rank in the

Kuwait’s oil output capacity rises to 3.3mn bpd

08/04/2014
Kuwait has increased its oil production capacity to 3.3 million barrels of oil a day (bpd) and is hoping to reach 3.5 million bpd in 2015, the head of

Kashagan may fail to restart this year if offshore pipes damaged

08/04/2014
Output at Kazakhstan's huge Kashagan oilfield may fail to restart this year if test results expected in May show cracks in the

Oil Search Plans Drilling to Study Size of Kurdistan Oil Find

08/04/2014
Oil Search (OSH) Ltd., Papua New Guinea’s largest energy producer, will drill four wells at its oil discovery in Iraq’s Kurdistan

Gazprom says it will honour gas deals with Germany -Handelsblatt

08/04/2014
Gazprom will honour its deals to supply gas to Germany, a newspaper reported a senior executive of the Russian exporter

Crude Drops as Libyan Rebels Hand Over Control of Ports

08/04/2014
Brent and West Texas Intermediate crudes dropped for the first time in three days after Libyan rebels

China Oil demand could face headwinds: Barclays

08/04/2014
China Oil demand is expected to face headwinds as economy struggles to overcome a slowdown amidst targetted stimulus measures by the

Speculators Cut Bullish Oil Bets by Most in Nine Months

08/04/2014
Fewer than three weeks into spring, oil speculators are already thinking about the summer. Hedge funds and other money managers

Oil price ’fair’ despite geopolitical factors: Kuwait

08/04/2014
Kuwaiti Oil Minister Ali al-Omair said on Monday that current oil prices are "fair" despite strong geopolitical factors impacting the region.

Long-term growth in oil & gas drilling forecast

08/04/2014
DW’s new Drilling & Production information service is producing some interesting numbers, not least that meeting future global oil & gas demand will require massive

Middle East Crude-May Basra Lt slips into discount on ample supply

08/04/2014
May Basra Light differential slipped into discount in the Middle East crude market as Iraq increased exports, traders said on

Oil market awaits evidence of restart of eastern Libyan ports

08/04/2014
Oil traders Monday were waiting to see whether a deal struck by Libya's government and rebels in the east of the country to

Renewed focus on upstream activity to help lower costs – PwC

08/04/2014
Advisory firm PwC on Monday reported that Australia’s oil and gas industry was lagging its global counterparts in critical

Shell lifts first crude oil from the Majnoon oilfield

08/04/2014
Shell announced today that the Majnoon oilfield it operates in partnership with South Oil Company (SOC), Petronas and Missan Oil in Southern Iraq

ONGC looks for equity partner in Vietnam project

08/04/2014
Having extended its stay in South China Sea to promote India’s strategic interest, state-owned Oil and Natural

Gov't won't cover up or condone any irregularities in petroleum deals - Oil Min.

08/04/2014
Minister of Oil Ali Al-Omair underlined that the government will not condone or cover up any irregularities in

Scotiabank Plans To Finance $10 Billion In Oil Energy Projects In Mexico Over Four Years

08/04/2014
Canadian banking giant Scotiabank plans to finance oil industry projects worth $10 billion in Mexico over the

Australia: Gas industry and maritime union at loggerheads over IR reform

08/04/2014
The oil and gas industry has called for major reforms to the Fair Work Act and wants them brought forward or,
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