oil

Imagine waking up in your posh high-rise penthouse facing the Red Sea. Above the bustling city hangs a giant artificial moon that livestreams images from outer space. You call for an automated flying taxi, and it carries you to your job…

Iranian President Hassan Rouhani said a new big oilfield has been discovered in Khuzestan province in southwestern Iran. "We have discovered a new big oilfield with 53 billion barrels of reserves," Rouhani said in a speech cited by…

The five biggest publicly listed oil and gas companies and trade groups representing them spent more than 250 million euros lobbying the European Union to influence climate action since 2010, environmental groups said Thursday (24 October).…

The International Energy Agency (IEA) cut its oil demand forecast yet again, citing the weakening global economy. In its latest Oil Market Report, the agency predicts that demand will grow by 1 million barrels per day (mb/d) in 2019 and…

Iran announced on Sunday that it has discovered a new natural gas reserve with the capacity to produce nearly 400 million barrels of gas condensate, which could generate a total of $40 billion. The natural gas field, named Eram, is…

The Saudi oil attacks have triggered the steepest crude market price surge in 30 years and stoked fears for the global economy. The attacks on Saudi Arabia’s oil infrastructure led to the biggest jump in global prices since 1988 by…

With the new long-awaited licencing round announced in Romania many questions and discussions arise. Globuc spoke to the President of Romanian Petroleum Exploration and Production Companies Association (ROPEPCA) – Saniya Melnicenco to…

The oil market has changed so much over the past five years that fast-growing non-OPEC oil production limits oil price gains from a spike in tensions in the Middle East, where Iran seized a British oil tanker last week, Morgan Stanley says.…

Crude prices were little changed on Monday as traders weighed geopolitical risks against the impact of the Sino-U.S. trade war on the global economy, although last week’s better-than-expected U.S. jobs data offered some support. Brent…

Crude oil prices fell on Friday as concerns over the outlook for global economic growth outweighed elevated tensions in the Middle East that could disrupt supply routes and send prices higher. U.S. West Texas Intermediate (WTI) crude…

Two oil tankers were attacked on Thursday and left adrift in the Gulf of Oman, driving up oil prices and stoking fears of a new confrontation between Iran and the United States. The White House said President Donald Trump had been…

Russia’s Investigative Committee identified six suspects in the contamination of millions of barrels of crude, which shut down pipeline shipments to some European countries, according to Bloomberg. The suspects, including Nefteperevalka…

On February 18-19, in Thessaloniki, dozens of major oil&gas companies gathered to network, listen to successful cases and enjoy Greek hospitality. Among them were noticed National Technical University of Athens, Regulatory Authority for…

Exploration and Production Offshore Congress Hub takes place on September 16-17, 2019 in Greece, Thessaloniki. The annual upstream event gathers Oil Companies, EPC and Drilling Contractors, and Governmental bodies. The Congress is host by…

Oil markets lost steam on Tuesday, giving back earlier gains, as a deteriorating economic outlook and a surge in U.S. production outweighed expected supply cuts by the Organization of the Petroleum Exporting Countries (OPEC). Brent…

Oil prices fell on Wednesday, extending losses from the previous session, with markets well supplied amid rising production and U.S. sanction waivers that allow Iran's biggest customers to continue buying its crude. Front-month Brent …

The national transporter of oil Conpet Ploiesti announced new transport tariffs through the National System of Transport for oil, gasoline, ethane so that the tariff grew from 79.75 lei/tonne to 84.37 lei/tonne, a growth of almost 6%.…

Brent crude oil futures reached $79.40 per barrel on Thursday, the highest since November 2014, as supplies tightened and demand remained strong. ANZ bank said on Thursday that Brent was “now threatening to break through $80 per barrel…