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Global oil demand to hit a plateau around 2030, IEA predicts
Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century, the International Energy Agency predicted.
Russia says US smuggling Syrian oil worth millions
The United States is violating its own anti-Syria sanctions by smuggling crude from oilfields it seized from Damascus, Russian Foreign Ministry spokesperson Maria Zakharova said.
Russia’s oil output still exceeds OPEC+ cap even as gap narrows
Russia’s average daily oil production remained above its OPEC+ target in October, though the compliance gap is the narrowest since the Druzhba crude-contamination crisis earlier this year. The country pumped 47.49 million tons of crude and condensate last month, according to preliminary data from the Energy Ministry’s CDU-TEK unit.
Trump's Syria plan shows US wants to steal oil: Experts
Legal and energy experts have censured US plans to tap Syrian oil fields, with a senior fellow at Brookings Institution saying it shows the world that Washington wants to “steal the oil.”
NIOC signs MoU with local firm to explore oil, gas
A local company signed an initial agreement with the National Iranian Oil Company (NIOC) to explore oil and gas in block Bamdad in the Persian Gulf.
Uganda sees investors lined up for five oil blocks by end-2020
Uganda sees investors lined up for five oil blocks by the end of next year and expects to start producing crude as early as 2023.
CBI governor: Iran lowering dependence on oil revenues
Governor of the Central bank of Iran (CBI) Abdolnaser Hemmati announced that the country has further reduced its reliance on oil revenues to bring the share of the income earned though crude sales in the budget to less than 30 percent.
US failed to halt Iran's oil industry development: Minister
Oil Minister Bijan Namdar Zanganeh said Sunday that the United States has failed to cripple Iran through its aggressive sanctions regime against the country’s oil industry.
US conducted cyber strike against Iran after Yemen raid on Saudi oil sites: Report
The United States has reportedly carried out a secret cyber attack against Iran in the week following Yemen’s strikes on key Saudi oil facilities, which Washington blames on Tehran.
Iran to boost output in oilfields shared with Iraq by nearly 60,000 bpd
Iran plans to increase oil production in four oilfields shared with Iraq by nearly 60,000 barrels per day (bpd) until March 2020.
Explosions hit Iranian oil tanker off Saudi coast
An Iranian oil tanker was struck by two explosions from suspected missiles in the Red Sea off Saudi Arabia’s coast on Friday, its owner said.
Saudi-led coalition, mercenaries looted over 18 million barrels of Yemen oil last year: Min.
The Yemeni oil ministry affiliated with the Houthis says countries of the Saudi-led coalition and their mercenaries looted more than 18 million barrels of the country’s oil exports last year.
Official: Government’s daily income has risen through oil sales to domestic petchem firms
Iran government’s daily income, earned through selling crude oil to domestic petrochemical complexes, has increased by $166.66 million since March 2019.
Iran oil minister slams Saudi hyperbole over attacks on Aramco
Iran’s Oil Minister Bijan Namdar Zanganeh said on Monday Saudi Arabia deliberately exaggerated about attacks on its oil facilities to advance certain political objectives.
Iran on track to open new oil terminal outside Persian Gulf
Iran said on Monday that it is on track to create a new oil terminal on the Sea of Oman that would open a new export route for its crude and allow tankers to bypass the strategic Strait of Hormuz.

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