Latest news

Diesel prices fall again on the back of easing global crude oil prices

The recent fall in transport fuel prices comes in the wake of softening of global oil prices as an extended run of Covid-19 has depressed demand and created a glut in the market.

read more... 21/09/2020


Iraq Ships More Crude Oil Despite OPEC Output Cut Pledge

Iraq has shipped more crude oil abroad so far this month, tanker-tracking data compiled by Bloomberg showed, even though OPEC’s second-largest producer has promised time and again in recent months that it is committed to complying with the OPEC+ production cuts. 

read more... 18/09/2020


Iran Boosts Oil Output At Oilfields Shared With Iraq

Iran has raised oil production from the oilfields in its southwest it shares with Iraq to 400,000 barrels per day (bpd) from 70,000 bpd in the past seven years, Shafaq News quoted Iranian Oil Minister Bijan Zangeneh as saying on Tuesday.

read more... 16/09/2020


New Tax Rule Could Cost Russian Fuel Oil Exporters $1B Annually

A new export tax rule in Russia could cost domestic exporters of fuel oil as much as US$1 billion in missed sales every year, Reuters has estimated.

read more... 08/09/2020


Greenpeace urges Denmark to end fossil fuel production

Four activists have swum to the Dan Bravo oil rig for several days of peaceful protest

read more... 19/08/2020