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Sydney. Oil prices edged lower as concerns over global economic growth stoked fears over future demand. International Brent crude oil futures were down 10 cents, or 0. 2 percent, at $62. 64 by 0106 GMT. They closed down 0. 1 percent. U. S. West Texas Intermediate (WTI) crude futures ...

Mexico. Mexico’s state oil firm, Pemex, did not close the valve at a leaking gasoline pipeline when first notified because it was not initially thought to be an “important” leak, Mexico’s security minister said on Sunday, informs Reuters. The pipeline in central ...

Nigeria. Nigeria’s state-owned oil company said it’s in talks with financiers to raise as much as $4. 1 billion and will seek to sign service deals to increase production from three leases. The Nigerian National Petroleum Corp. , or NNPC, is in discussions with Lagos-based ...

Beijing. Chinese oil refiners raised their output to a record in 2018, led by state-run oil majors which maximized operations on firm profit-margins and private refiners which increased processing after being granted higher crude import quotas. Refiners processed 603. 57 million tonnes of crude ...

Moscow. Belarusian Ambassador to Russia Vladimir Semashko has said he sees the priority of his mission in Moscow in removing deficit in trade with Russia. "As a matter of fact, the Belarusian president has set a key task to spare no effort to remove serious trade deficit. Our external ...

Singapore. Oil prices rose to their highest for 2019 on Monday after data showed refinery processing in China, the world’s second-largest oil consumer, climbed to a record in 2018, despite a slowing economy last year. Prices are further being supported by supply cuts led by the ...

Khanty-Mansiisk. 20. 337 mln tons of oil were produced in KhMAD in December, which is 0. 782 mln tons less than in November, according to the estimates by the Oil and Gas Information Agency. Drilling footage increased and reached 1 mln 376. 019 thousand meters. Producers drilled 20. 743 ...

Moscow. The delegation of JSC "Uzkimyosanoat" consisting of managers and professionals of the holding company, which unites chemical enterprises of the Republic of Uzbekistan, has arrived to TATNEFT Company on a four-day working visit. As part of the program, the delegation from ...

Moscow. The Russian side believes that if Belarus finds alternative options of oil supplies through the Baltic ports that will be in the interests of both Minsk and Moscow, said Russia’s Special Presidential Envoy for Trade and Economic Cooperation with Belarus, Ambassador to Minsk Mikhail ...

United States. U. S. refiners are bidding up prices for scarce types of crude oil needed for their most sophisticated plants as the United States reconsiders harsher sanctions on Venezuela that could further reduce imports of the country’s oil. Trump administration officials in recent ...

Berlin. US threats to impose sanctions on companies taking part in the Nord Stream 2 pipeline project to deliver Russian gas to Europe bypassing transit nations are inadmissible and have nothing to do with free trade, Russia’s Ambassador to Germany Sergei Nechayev has told the DPA news ...

Sydney. Oil prices rose on Friday after a report from the Organization of the Petroleum Exporting Countries (OPEC) showed its production fell sharply last month, easing fears about prolonged oversupply. A report by the Wall Street Journal on Thursday saying that Washington was considering ...

Minsk. The Belarusian oil refineries Naftan and Mozyr Oil Refinery processed about 18 million tonnes of oil in 2018, BelTA learned from Belneftekhim Deputy Chairman of the Board Vladimir Sizov. This year's trade balance sheet provides for the possible delivery of up to 24 million tonnes ...

Moscow. July 12 witnessed putting two hydrotreating units for kerosene and diesel fuel at the TANECO Oil Refining Complex of TATNEFT Company into operation in the mode of comprehensive testing. July 12 witnessed putting two hydrotreating units for kerosene and diesel fuel at the TANECO Oil ...

Moscow. The European Union should provide its members, willing to receive Russian gas via the TurkStream pipeline, with guarantees of non-interference into this project, Russian President Vladimir Putin said in an interview with Serbia’s Politika newspaper in the run-up to his visit to ...

Oslo. Norway’s Supreme Court began hearing arguments on Tuesday on whether EU ships can fish for snow crab off Arctic islands north of Norway without permission from Oslo, a case that could decide who has the right to explore for oil in the region. At stake is whether the snow crab - ...

Moscow. PAO NOVATEK reported today preliminary operating data for the twelve months ended 31 December 2018. In 2018, NOVATEK’s hydrocarbon production totaled 548. 4 million barrels of oil equivalent (boe), including 68. 81 billion cubic meters (bcm) of natural gas and 11, 800 thousand ...

Sydney. Oil prices dipped as U. S. crude production quickly approached an unprecedented 12 million barrels per day (bpd) just as worries about weakening demand emerge. U. S. West Texas Intermediate (WTI) crude futures CLc1 were at $52 per barrel at 0140 GMT, down 31 cents, or 0. 6 ...