Petroleum industry
Brent oil jumps to four-year high near $81
Brent oil soared on Sept. 24 close to $81, reaching the highest level since November 2014 after OPEC and other global producers snubbed pressure from U.S. President Donald Trump to dampen prices.
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'Crucial period' for oil as Iran exports shrink: Int'l agency
Global oil output hit a record of 100 million barrels per day in August, but the market may tighten and prices rise as exports from Iran and Venezuela decline, the International Energy Agency said on Sept. 13.
Hellenic Petroleum sees stronger Q3 as refining margins rise
Greece's biggest oil refiner Hellenic Petroleum expects stronger financial results in the third quarter thanks to higher refining margins, it said on Thursday.
Hellenic, which runs three refineries and exports more than half its output, reported an 18 percent drop in second-quarter core profit.
China's CNPC takes over Total's share in big Iran gas project: Iranian agency
China's state-owned energy major CNPC has taken over the share in Iran's multi-billion dollar South Pars gas project held by France's Total, the Iranian state news agency IRNA reported on Aug. 11.
STAR refinery in Turkey's İzmir receives first batch of crude oil
STAR oil refinery in the Aegean province of İzmir has received the first batch of crude oil for processing from Azerbaijan, SOCAR Turkey said in a statement on Aug. 3.
Trump to OPEC: 'Reduce pricing now!'
U.S. President Donald Trump again accused the Organization of Petroleum Exporting Countries of driving gas prices higher on Twitter on July 4 and urged the oil cartel's members to do more.
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Trump Accuses OPEC of Manipulating Oil Market
BERKELEY HEIGHTS - President Donald Trump lashed out at OPEC with a warning to stop manipulating oil markets and piled pressure on close US allies in an interview that aired on Sunday with a threat to sanction European companies that do business with Iran.
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Qatar Petroleum signs Argentina deal with Exxon
State-owned energy giant Qatar Petroleum on June 3 signed an agreement to buy a 30-percent stake in Exxon Mobil hydrocarbon affiliates in Argentina.
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Decline in Peteroleum Prices Because of the Increase in US Reserves
The price of oil fell during the Asian session after the reported surprise growth in US stocks. Impacts also came from expecting Organization of the Petroleum Exporting Countries and other manufacturers to decide if they will increase their production at the June meeting, Reuters reported.
Friends of the Earth says to sue Shell over climate change
Friends of the Earth plans to file a lawsuit against Royal Dutch Shell, accusing the oil company of failing to act on climate change, the environmental activist group said on May 29.