| Kuwait >> 2/7/2016 - Kuwait's EQUATE Petrochemical Co is in talks with banks to refinance a $6 billion bridge loan that it secured last year and was partly used to fund the acquisition of petrochemical company MEGlobal, s... |
| Iraq >> 2/5/2016 - Genel Energy plc announced that the Taq Taq field partners have received a gross payment of $16.3 million from the Kurdistan Regional Government (‘KRG’) for oil exported through the Kurdistan Region o... |
| Oman >> 2/3/2016 - The export-import Bank of Korea (Korea Eximbank) will provide $370 million (447.33 billion won) to finance the Liwa Plastics project in Sohar, construction of which has been awarded to Korea’s GS Engi... |
| United States >> 2/3/2016 - U.S. crude oil prices slid as much as 7 percent, pressured by weak economic data from China, a U.S. forecast for mild weather and growing doubts that OPEC and non-OPEC producers would come together to... |
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Austria >> 2/2/2016 - Demand for OPEC crude in 2015 is estimated at 29.9 mb/d, representing an increase of 0.2 mb/d higher than the 2014 level. Within the quarters, the first quarter fell by 0.7 mb/d, while the second quar... |
| Norway >> 2/2/2016 - Lundin Petroleum AB has entered into a committed seven year senior secured revolving credit facility of up to USD 5.0 billion, with an initial committed amount of USD 4.3 billion. ... |
| Angola >> 2/2/2016 - The International Monetary Fund said it stands ready to help sub-Saharan Africa's oil exporters cope with plunging crude prices and growing fiscal pressures but has not received any new funding reques... |
| Iraq >> 2/1/2016 - Iraq's Kurdistan region said on Monday it would pay international oil companies according to their contractual entitlements in 2016 in a bid to restore confidence and raise production. ... |
| Russia >> 1/29/2016 - Russia's Gazprom has cancelled a discount in gas prices for Turkish customers, industry officials said, in the latest salvo in a diplomatic and trade row after Turkey shot down a Russian war plane two... |
| Brazil >> 1/29/2016 - Brazil's state-controlled oil producer Petrobras slashed its oil and natural gas reserves 20 percent, hit by a plunge in energy prices, a heavy debt load, high costs and a corruption scandal. ... |
| Brazil >> 1/28/2016 - Petroleo Brasileiro SA will cut staff and restructure management to adapt to dwindling oil prices and prioritize high-yield projects, the state-controlled oil producer said in a statement. ... |
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Japan >> 1/28/2016 - Japanese oil demand decreased sharply in November by 0.23 mb/d, a decrease of more than 6% y-o-y, with all main petroleum product categories declining, particularly residual fuel oil, gasoline, naphth... |
| Azerbaijan >> 1/27/2016 - The International Monetary Fund and World Bank are discussing possible financing assistance for Azerbaijan to help it cope with mounting currency pressures and other fallout from a steep drop in oil p... |
| Saint Lucia >> 1/26/2016 - National oil giant Saudi Aramco expects to see oil prices pick up by the end of this year, the company's chief executive Amin Nasser said. ... |
| United States >> 1/26/2016 - The World Bank is lowering its 2016 forecast for crude oil prices to $37 per barrel in its latest Commodity Markets Outlook report from $51 per barrel in its October projections. ... |
| Libya >> 1/25/2016 - The drop in Libya's oil production in recent years as a result of unrest has resulted in $68 billion in lost revenue, National Oil Corp Chairman Mustafa Sanallah said. ... |
| Venezuela >> 1/22/2016 - People's Minister of Petroleum and Mining and President of Petroleos de Venezuela, S.A. (PDVSA) Eulogio Del Pino, said that the average cost of oil production in Venezuela is $13 per barrel. ... |
| Venezuela >> 1/20/2016 - At the installation ceremony of the National Council on Productive Economy, held at the Teresa Carreno Theater in Caracas, President of the Bolivarian Republic of Venezuela Nicolas Maduro, called on ... |
| Canada >> 1/19/2016 - Husky Energy (HSE) is taking additional steps to improve its resilience through the extended low commodity price environment. ... |
| Algeria >> 1/19/2016 - Algeria's energy earnings dropped 40.8 percent in 2015 from the previous year, causing a trade deficit of $13.71 billion after a $4.306 billion surplus in 2014, the Finance Ministry said. ... |
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