AOP 2019 will be held in Cape Town on October 9-11 and is this year designated the official energy event of the South African Department of Energy.
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China Petroleum & Chemical Corporation (Sinopec), Asia's top refiner, issues its "2019 China Energy and Petrochemical Industry Development Report" in Riyadh, Saudi Arabia.
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Venezuela´s oil minister Manuel Quevedo posed for photographs in Riyadh with dignitaries from Opec, China and Russia at the International Energy Forum
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Donald Trump appears to be once again overwhelmed by the rise in crude prices but the Saudi energy minister is leaning more in favour of extending production cuts in the second half of the year.
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OPEC Secretary General, HE Mohammad Sanusi Barkindo, has identified sentiment, speculation and rumours as major drivers of developments in the global oil market.
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Saudi Energy Minister is leaning towards extending oil production cuts in the second half of 2019, despite US President Donald Trump's demand to keep prices down.
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GECF Secretary General, HE Yury Sentyurin, and OPEC Secretary General, HE Mohammad Sanusi Barkindo, met on the margins of the 9th IEA-IEF-OPEC Symposium on Energy Outlooks in Riyadh
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OPEC Secretary General, HE Mohammad Sanusi Barkindo, delivered the opening statement at the Ninth IEA-IEF-OPEC Symposium on Energy Outlooks, 27 February 2019, IEF Secretariat, Riyadh, Saudi Arabia.
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Dr Sun Xiansheng underlined natural gas's "critical role in achieving sustainable and inclusive growth" and predicted the share of gas in global energy mix will be no less than 25% by 2040.
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Saudi Arabia cut back on exports of crude oil in December, falling back from a two-year high the month before, as the kingdom reduced its supplies in line with OPEC's agreement
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Prime Minister Narendra Modi reiterates that India has a multipronged approach towards energy requirements. Energy access, energy sustainability, efficiency and energy security are an important part of the future.
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The third edition of the Egypt Petroleum Show (EGYPS) 2019, kicks-off under the theme “Delivering the Energy Needs of Tomorrow".
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OPEC has always been acutely conscious of the importance of the relationship between producers and consumers. The Organisation has striven to ensure that relations are professional and candid, yet agreeable and cordial. Only through constructive, meaningful and regular dialogue can the required awareness and understanding be reached with relevant parties on the conditions necessary for attaining a stable oil market.
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This biennial event expects to see participation from 70 countries and comes at a time when India is seeking from the US an extension of waiver on oil imports from Iran while also trying to align with consumer countries
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Petroleum Economist, the global energy magazine, and Kuwait Petroleum Corporation (KPC) co-host the fifth annual Energy Strategy Forum at the JW Marriott Hotel, Kuwait City on Tuesday 5 February
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The latest British Petroleum (BP) survey revealed that by the end of 2017, Iran was ranked third among the world's largest natural gas producers
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According to latest figures from JODI, Saudi Arabia exported its highest volumes of crude oil in 2 years in November
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In a wide-ranging interview with CNBC International, Oman’s Minister of Oil and Gas Dr Mohammed bin Hamad Al Rumhy discusses the global oil markets
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Panellists at a panel discussion at the Atlantic Council’s 2019 Global Energy Forum in Abu Dhabi discussed the evolution of the concept of energy security and the prevailing trends
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The 2nd WPC Leadership Conference organised by the World Petroleum Council will bring together industry leaders to discuss and demonstrate the best available technology and practices to minimise impacts and risks to people and environments
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The outgoing year proved to be a bumpy one with the wildest swings in oil prices for years and attempts to stabilise the market by OPEC and other oil producers
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IEF Secretary General Dr Sun Xiansheng speaks on the necessity for collaboration and the need for advancements in energy efficiency at the conference organised jointly by DeustoForum and the Basque Energy Agency
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Interview with Secretary General of the African Petroleum Producers Organisation (APPO), Engr. Mahaman Laouan Gaya.
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H.E. Mahaman Laouan Gaya, Secretary General of the African Petroleum Producers’ Organization (APPO), speaks to AOP about his vision of the future for African explorers and producers, and the importance of recent reforms to the 18-member group.
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The Gas Exporting Countries Forum presented the 2018 edition of it's Global Gas Outlook in Vienna, Austria, with IEF Secretary General Dr Sun Xiansheng in attendance.
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Recent meetings of the G20 and of OPEC did not produce any resolution to the major economic challenges in the world but did go some way to soothing the nerves of the financial markets
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OPEC and non-OPEC oil producers are making efforts to stabilise oil prices but their action, coupled with the latest US sanctions on Iran may cause short term fluctuations in prices says IEF Secretary General Dr Sun Xiansheng.
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At the 11th edition of MEDays in Tangiers there was much talk of Sino-African relations with a=a series of workshops devoted to deepening the China-Africa partnership.
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The 11th MEDays Forum is to be help from 7th to 10th November in Tangiers and will be marked by the participation of President Roch Marc Christian Kaboré of Burkina Faso
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The Fourth Symposium on Gas and Coal Market Outlooks was hosted by the IEA, IEF and OPEC in Paris yesterday. The symposium sought to exchange views and compare outlooks for natural gas and coal markets in the short, medium and long term.
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Government ministers and leading oil and gas CEOs will meet in Abu Dhabi for the 2018 Abu Dhabi International Petroleum Exhibition and Conference, ADIPEC.
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The recent steep rise in international oil prices is affecting both the Indian government and the Indian people as well as affecting the exchange rate of the rupee.
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International Energy Agency (IEA) Chief Executive Fatih Birol says high oil prices are hurting consumers and having adverse implications for producers
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Comment on the release of a research report by Infinium Global Research with the objective of defining, describing and forecasting the LPG Petroleum Gas market
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Saudi Arabia agrees to supply Indian buyers with an additional 4 million barrels of crude oil in November, indicating a willingness to make up the shortfall once US sanction on Iran begin
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The International Energy Agency and Argentina's Ministry of Energy and Mines release technical reports on the progress and challenges of energy transitions for G20 countries
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The Director General of the Arab Industrial Development and Mining Organisation emphasised the importance of scientific research to build capabilities of Arab cadres in the energy sector.
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Kate Dourian, the IEA's representative on the IEF executive board, welcomed as non-resident fellow of The Arab Gulf States Institute in Washington, along with Robin Mills.
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Iran still a very important export of oil despite sanctions as US calls for OPEC members to raise prodcution
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Download the presentation delivered by Dr. Sun Xiansheng, Secretary General for the International Energy Forum (IEF) from the Africa Oil and Power 2018 Conference at the Cape Town International Convention Centre (CTICC) from 5-7 September
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The secretaries general of OPEC, GECF, IEF and APPO joined the Energy Coalitions panel in opening the three-day Africa Oil & Power Conference 2018
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The Africa Oil & Power 2018 conference commenced in Cape Town, with keynote speeches from the Minister of Energy of South Africa and his fellow African energy ministers; and the secretaries general of OPEC, the Gas Exporting Countries Forum, the International Energy Forum, and the African Petroleum Producers’ Organization
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The president of AOP discusses the AOP annual conference, Africa's share of the world's reserves, Africa's growth strategies and more.
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Hosting top-level discussions, the third annual AOP flagship conference saw the top energy coalitions in the world pivot to Africa amid a wealth of opportunities in the continent’s oil and energy sector.
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Global oil markets could tighten towards the end of this year due to strong demand and uncertainty of production in some oil producing nations, says the head of the International Energy Agency.
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Asia Pacific Energy Research Centre (APERC) hosted its 16th workshop on Energy Statistics in Tokyo on 10-12 July 2018. Mr. Visal Veng, Energy Research Analyst of the ASEAN Centre for Energy (ACE) delivered a presentation about the energy data collection among the ASEAN Member States.
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On September 5-7 in Cape Town, Africa Oil Power will welcome the Secretary Generals of the Organization of the Petroleum Exporting Countries, the Gas Exporting Countries Forum and the International Energy Forum, hosting top-level discussions as the top energy coalitions in the world pivot to Africa amid a wealth of opportunities in the continent’s oil and energy sector.
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Saudi Arabia Energy Minister Khalid al-Falih says a diplomatic row between Riyadh and Ottawa, triggered by Canadian concerns over human rights in Saudi Arabia, will not have any impact on Saudi oil supplies to Canada.
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Discussion of the roots of America's oil industry and the crucial role played by OPEC, with insight from Prince Turki Al-Faisal
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The King Abdullah Petroleum Studies And Research Center (KAPSARC) organized an international workshop discussing alternative opportunities for oil in Saudi Arabia, in line with the Kingdom’s strategy to increase the efficiency of renewable and regular energy projects.
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Sharnoff’s Global Views interview with Satyendra Tripathi, a Senior Research Fellow at India Foundation, a New Delhi-based think tank and discuss India's energy outlooks.
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The Bucharest International Energy Charter Forum brought together ministers and representatives of national and local governments and regulatory agencies of member and observer countries of the Energy Charter Conference
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The Last American Vagabond reports on a possible "Oil Buyers Club" between India, China, South Korea and Japan to attempt to achieve better oil prices for Asian countries.
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The Times of Africa reports on the 16th biennial IEF Ministerial Meeting in New Delhi. The Government of India hosted 90+ delegations including 50 energy ministers, 30 CEOs, 12 heads of international organisations and 500+ guests during the event which took place over 3 days in April 2018.
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Saudi Aramco agreed a preliminary deal to partner with an Indian consortium to build a $44 billion refiner and petrochemical project. The deal, agreed in April at the IEF16 Ministerial, will offer steady fuel supplies for India and secure regular buyers for Saudi oil.
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OPEC's Secretary General, HE Mohammad Sanusi Barkindo met with HE Dharmendra Pradhan, India’s Minister for Petroleum and Natural Gas and the Minister for Skill Development and Entrepreneurship of India at the IEF16 Ministerial Meeting in New Delhi
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During an official ceremony in Dakhla, Morocco, OPEC Secretary General, HE Mohammad Sanusi Barkindo congratulated HE Dr Sun Xiansheng, Secretary General of the International Energy Forum (IEF), on being awarded the Crans Montana Forum’s Gold Medal.
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During 12-16 March 2018, the IEA for EU4Energy held a week-long training event on monthly energy data which also featured the 16th Regional JODI Training Workshop for Eastern Europe, Caucasus and Central Europe, jointly organised with IEF and the support of the JODI partners.
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Press24 News reports that India is looking to change its global 'naysayer' image, as the country prepares to host the 16th International Energy Forum from 10-12 April 2018.
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The Times of India reports that ahead of the IEF16 in India from 10-12 April 2018, India will host ministers of over 50 countries in a “mini-ministerial” meeting with the primary idea, said by top government officials, to change India’s image.
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ET EnergyWorld mentioned the IEF in an report entiled: NAFED to develop Bio-CNG plant near Azad Mandi in Delhi.
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Public reports that Dr Ahmed Abdul Rahman Al-Banna, UAE Ambassador to the Republic of India, participated in the curtain-raising of the 16th International Energy Forum that will take place in New Delhi from 10-12 April 2018.
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OPEC reports that the IEA, IEF and OPEC met in Vienna, Austria for the 6th Joint IEA-IEF-OPEC Workshop on the Interactions between Physical and Financial Energy Markets.
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During a curtain raiser for diplomats attending IEF16 in April 2018, Petroleum Minister Dharmendra Pradhan said India would become a “happening point” for energy after the conference.
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During the curtain raiser for the upcoming 16th International Energy Forum in April 2018, India’s oil minister Dharmendra Pradhan has called for a global regime of responsible crude oil prices in line with the interests of major consuming nations like India.
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The IEF Secretary General Dr Sun Xiansheng said in an interview with Xinhua during CERAWeek that "the United States used to be a major importer of oil, but there has been a big change since American shale oil production increased sharply in recent years which resulted in the reduction of oil import from the Middle East."
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Xinhuanet reports that the IEF Secretary General Dr Sun Xiansheng said "the emergence of renewable energy is a positive global trend but more time is needed to develop technology and management in this field."
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The EnergySector.in reports that the 16th International Energy Forum (IEF) Ministerial will be held in New Delhi, India from 10-12 April 2018.
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ET EnergyWorld reports that Indian Prime Minister Narendra Modi will inaugurate the 16th International Energy Forum (IEF) Ministerial in April in New Delhi .
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The Saudi Gazette reports that the International Energy Forum participated in a workshop on how oil producers can thrive through a low carbon energy transition.
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The IEF Secretary General, Dr Sun Xiansheng, participated in the the International Energy Executive Forum 2018 in Beijing alongside OPEC Secretary General HE Mohammad Sanusi Barkindo.
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The General Studies Manual published a summary report on India's participation in the 7th Asian Ministerial Roundtable (AMER7).
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During the IV Forum of Exporting Countries (FPEG) IEF Secretary General Sun Xiansheng, said that an increase in the use of renewable energy will impact on gas prices.
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During the 7th Asian Ministerial Energy Roundtable, hosted by the IEF, Indian oil minister Dharmedra made a case for rational energy pricing.
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Dr Sun Xiansheng, IEF Secretary General, met with the Secretary General of OPEC, HE Mohammad Sanusi Barkindo in Vienna to discuss enhancing their fruitful cooperation.
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During his address at the 7th IEA-IEF-OPEC Symposium on Energy Outlooks, Dr Sun Xiansheng pointed out that global energy security depends, more than ever, on enhancing commitment, reliability and trust.
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Platts reports that the US' mission at the International Energy Forum is to promote transparency and innovation.
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Bloomberg reports that Iran is not willing to freeze its oil output at current levels and will no forge an agreement with other major crude producers at IEF15,
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Khalid al-Falih said that talks amongst OPEC and non-OPEC oil during the IEF15 in Algiers are consultative.
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Reuters reports that OPEC and other oil producers led by Russia will meet informally on the sidelines of the IEF15 in Algeria.
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Reuters reports that OPEC reached an agreement on the sidelines of the IEF15 in Algiers to limit its production to a range of 32.5-33.0 million barrels per day (bpd).
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The Wall Street Journal reports that Russia and members of OPEC are due to meet on the sidelines of the International Energy Forum.
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The Economic Times reports that India will host the ministerial session of the International Energy Forum in 2018.
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At the Energy Charter headquarters in Brussels, Dr Urban Rusnák, Energy Charter Secretary General, met with the incoming Secretary General of the IEF Dr Xiansheng Sun.
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At AMER6, HRH Prince Abdulaziz bin Salman discussed cuts in oil and gas investments, oil price fluctuations, the increase of oil demand, and Saudi's role in stabilising oil prices.
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During his meeting with the IEF's Secretary General, the Indian Minister for Petroleum and Natural Gas urged India to assume greater responsibility on the IEF's Executive Board and sought active participation from Indian energy companies in the IEF's Industry Advisory Committee.
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The Peninsula reports on the 6th Asian Ministerial Energy Roundtable organised by the Ministry of Industry and Energy of Qatar, under the umbrella of the IEF in order to enhance dialogue among energy producers and consumers
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In his address at AMER6, HRH Prince Abdulaziz bin Salman bin Abdulaziz reiterated his support for the IEF, which he considers "an embodiment of the shared views of producers and consumers and a recognition of the need for stronger, broader and more effective cooperation"
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Communication among nations was a major topic at the 6th Asian Ministerial Energy Roundtable held in Doha, Qatar from 8-10 November 2015
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Saudi Arabia's Minister of Petroleum and Mineral Resources, Ali al-Naimi, discusses the growth in oil demand in Asia, and the importance of price stability
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Dr Mohammed bin Saleh Al Sada, Minister of Energy and Industry of the State of Qatar, discusses the 6th Asian Ministerial Energy Roundtable which will focus on the importance of dialogue
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Dr Aldo Flores-Quiroga discusses interdependency and energy security through dialogue in the foreword of the first edition of Adjacent Oil and Gas Magazine
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We are witnesses of an adjustment to the new reality, but this is
not a crisis, Aldo Flores-Quiroga tells Energia16.
Article available in Spanish and English.
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Nigeria's The Guardian newspaper comments on OPEC's announcement that investments related to oil production are expected to reach nearly $10 trillion by 2040
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At the 167th Meeting of the OPEC Conference and 6th OPEC International Seminar, attended by Aldo Flores-Quiroga, Iran's Oil Minister discussed this issue of crude oil oversupply.
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During the 6th International OPEC Seminar in Vienna, in which the IEF participated, Iran's Oil Minister Bijan Namdar Zangeneh discussed OPEC's cooperation with his country.
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The IEF's Secretary General, Dr Aldo Flores-Quiroga, highlighted the need for increased energy dialogue and transparency at an industry meeting in Manama, Bahrain, on 10 March 2015
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Zawya
Saudi Arabia's Council of Ministers decided to establish an integrated public transport system in Damman and Qatif after talks at IEF14 discussed clean energy.
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Vestnik Kavkaza
Sudanese Minister for Oil Hatim Abulkasem spoke at IEF14 about his country's current oil situation.
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Arab News
After IEF14, Saudi Arabia's Council of Ministers decided to create a clean energy transport system for Dammam and Qatif.
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Vestnik Kavkaza
A delegation from Sudan visited IEF14 to discuss the foreign investments currently being created in Sudan.
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Vestnik Kavkaza
Hatim Abulkasem, Oil Minister for Sudan has asked Russian oil and gas companies for their experience to tackle Sudan's oil extraction problems.
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Payvand
Iran's Oil Minister Bijan Namdar Zanganeh said at IEF14 that any politicised approach in the global oil markets could hurt the market's security.
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The Moscow Times
Speaking at IEF14, Russian Prime Minister Dmitry Medvedev called on Russia to expand to the east.
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PEDEC.ir
A politicised approach to oil could threaten global oil security, said Iranian Oil Minister Bijan Namdar Zanganeh at IEF14
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Zawya
Minister Ali Al-Naimi, Petroleum and Mineral Resources Minister, talked at IEF14 about the vital importance of energy in the present world, and called for the IEF to become a full international organisation
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The Peninsula
The Kuwait Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada took part in IEF14 in Moscow.
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Arab News
Ali-Al-Naimi, Petroleum and Mineral Resources Minister spoke at IEF14, saying that energy markets are becoming more complex.
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Gulf In The Media
Petroleum and Mineral Resources Minister Ali Al-Naimi spoke at IEF14 to encourage countries to cooperate with IEF as energy markets become more complex.
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FARS News Agency
Iranian Oil Minister Bijan Namdar Zanganeh and Russian First Deputy Prime Minister Igor Shuvalov met on the sidelines of IEF14 to discuss further broadening their energy ties
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Natural Gas Europe
Russia's Prime Minister Dmitry Medvedev assured at IEF14 that Russia would continue contributing to global and regional energy security
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Natural Gas Europe
Russia said at IEF14 that traditional energy resources would remain important despite the 'shale revolution'.
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Vestnik Kavkaza
Iranian Petroleum Minister Bijan Namdar Zanganeh spoke at IEF14 saying politicisation is to blame for challenges in the oil market.
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Press TV
Iranian Oil Minister Bijan Namdar Zanganeh stressed the importance of world energy market security at IEF14.
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Press TV
Speaking at IEF14, Bijan Namdar Zanganeh said Iran oil exports have soared to 1.5m bpd.
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OPEC
OPEC joined Energy Ministers, fellow global organisations and global energy firms to discuss energy security at the 14th International Energy Forum Ministerial meeting.
[this article is no longer live]
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Parameter
At IEF14, Russia warned against politicising the issue of energy supply.
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Arab Times
Oil Minister Dr Ali Al-Omair said Kuwait was interested in the Asian oil market.
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Arab Times
Speaking at IEF14, Al-Omair said Kuwait wants to develop cooperation with the Asian oil market.
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Saudi Press Agency
At IEF14, Saudi Arabia's Petroleum and Mineral Resources Minister Ali Al-Naimi called on all countries to cooperate with the IEF.
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Gulf Daily Mail
Ali Al-Naimi called on all countries to cooperate with the IEF at IEF14.
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ITAR - TASS News Agency
Russian Energy Minister Alexander Novak called for a new market regulator at IEF14.
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Ria Novosti
Russian Prime Minister Dmitry Medvedev said at IEF14 that Russia seeks predictable rules of the game on the energy market.
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ITAR - TASS News Agency
Russia's Deputy Prime Minister Arkady Dvorkovich said at IEF14 that Russia aims to cut greenhouse gas emissions.
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Kuwait News Agency (KUNA)
Dr Ali Al-Omair, Kuwait's Oil Minister, arrives at IEF14.
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In his 20 November 2012 Forbes article entitled "Is Russia the World's Largest Oil Producer? It All Depends on Whom You Ask", author Mark Adomanis compared Russian and Saudi Arabian oil production by using JODI data and data from the US Energy Information Administration (EIA).
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Hardly a year into his current role as secretary general of the IEF, Aldo Flores-Quiroga is determined to clear some of the uncertainties that affect the oil market.
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Saudi Arabia (OPCRSAUD) can increase crude production by as much as 25 percent immediately if needed, the country’s oil minister said, seeking to allay the concern over supplies that has driven prices to the highest in three years, Bloomberg reports.
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CNBC reports: New information suggests that Iran’s oil production may not have fallen as much as other industry reports have speculated. The latest publication of data by the Joint Organizations Data Initiative (JODI) published on Sunday showed Iran produced 3.72 million barrels per day in January, marking the highest output since December 2008.
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Unrest sweeping the Middle East and North Africa (Mena) will ally with soaring costs to block investment in the upstream hydrocarbon sector while financing remains a major problem, an official report said on Sunday, reports Emirates 24|7.
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The 13th International Energy Forum (IEF) was held in Kuwait last week under the sponsorship of His Highness the Amir Sheikh Sabah Al-Ahmed Al-Sabah. It was the first meeting held in Kuwait since its inception in Paris in 1991, writes Al Watan Daily.
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Bloomberg reports that Saudi Arabia, the largest oil producer in OPEC, pumped 9.87 million barrels a day in January, its second-highest monthly output since at least 1980, official data submitted to the Joint Organization Data Initiative showed. JODI is supervised by the Riyadh-based International Energy Forum and compiles data provided by member governments.
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U.S. President Barack Obama and U.K. Prime Minister David Cameron have agreed to keep open discussions about a possible release of oil held in emergency stockpiles, which have been used in the past to reduce prices or compensate for a supply disruption, a U.K. official familiar with the talks said Thursday, reports the Wall Street Journal.
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Azerbaijani Industry and Energy Minister Natig Aliyev and U.S. Deputy Secretary of Energy Daniel Poneman have discussed global energy security and oil and gas projects in Kuwait, the Azerbaijani Embassy in Kuwait said on Thursday. The meeting was held within the Thirteenth International Energy Forum and Fifth International Energy and Business Forum in Kuwait City, Trend.az reports.
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Minister of Petroleum and Mineral Resources Ali Al-Naimi said yesterday that no country or a group of countries can alone ensure the stability of the oil market. He stressed this in his speech at the 13th meeting of Ministers of Petroleum and Energy of International Energy Forum (IEF) in Kuwait, according to Saudi Press Agency.
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Oil traded near the lowest price in more than a week as signs of rising U.S. stockpiles were balanced by concern that spare production capacity may be insufficient to cover any supply disruption in the Middle East, Bloomberg reports.
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The International Energy Agency (IEA) claims that Iranian oil exports could fall by as much as 50 percent in July, when European sanctions over that country's nuclear program take full effect.
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Oil ministers from 88 countries attended the 13th International Energy Forum in Kuwait, where they held discussions about the best means to achieve energy security for all nations, Al-Shorfa.com reports.
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Bahrain's Minister of Oil Dr. Abdulmohssin Mirza said that the participants of the 13th International Energy Forum currently held in Kuwait unanimously agreed to work on stabilizing energy prices, KUNA reports.
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There is plenty of oil sands oil for all buyers and it's not dirtier than any other type of oil, Canada's Natural Resources Minister told delegates at the International Energy Forum in Kuwait, CBC reports.
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UAE Energy Minister Mohammed bin Dhaen Al Hamili and Canadian Minister of Natural Resources Joe Oliver have expressed hopes of the UAE and Canada that security and peace would prevail in the region as they would have positive effect on stability of the world energy market. The remark was made today during the meeting of the two ministers at the sideline of the International Energy Forum (IEF), which commenced in Kuwait today.
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The 13th International Energy Forum has kicked off in Kuwait with the participation of more than 80 countries and the presence of more 45 ministers of oil to discuss the latest world energy issues. Azerbaijani embassy in Kuwait told APA.az that Azerbaijan will be represented at the event.
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AFP reports that oil prices fell on Wednesday as the International Energy Agency maintained its 2012 oil growth demand forecast and predicted a large drop in Iranian crude exports. New York's main contract, light sweet crude for delivery in April dipped 16 cents to $106.55 a barrel.
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Sanctions imposed on Iran aim to prompt Tehran to abandon its suspected plans to develop atomic weapons, a British minister said on Wednesday, describing Iran's ambition as an "intolerable" threat. "The solution to that is in Iranian hands," he told reporters on the sidelines of the 13th International Energy Forum, AFP reports.
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Energy producing countries would want to provide sufficient energy to the world in the upcoming years especially with the ever increasing world population that has currently topped six billion people, Kuwaiti oil Minister said Wednesday, KUNA reports.
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In an interview with KUNA on sidelines of the 13rd International Energy Forum, Dutch Secretary for European Affairs and International Cooperation Ben Knapen said Wednesday that low-priced oil is a thing of the past, stressing the need for further cooperation between oil producers and consumers to secure global energy market stability.
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Iran's oil minister Rostam Qasemi on Wednesday slammed the use of the vital commodity as a political tool by "big countries" against producers, warning sanctions will jeopardise supplies, at the International Energy Forum, AFP reports.
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The 13th International Energy Forum (IEF) concluded here Wednesday evening by producing recommendations that are anticipated to lead to a stable oil market and ensure future supplies, KUNA reports.
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Turkish Minister of Energy and Natural Resources Taner Yildiz highly appreciated Kuwait's great efforts to ensure the success of the just-concluded 13th International Energy Forum (IEF), reports KUNA.
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South Korea is considering reducing its crude oil imports from sanctions-hit Iran and is in talks with the United Arab Emirates to secure more oil-field contracts, the country's vice minister of knowledge economy said Wednesday on the sidelines of the International Energy Forum summit, Dow Jones Newswires reports.
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Speaking at the International Energy Forum, Saudi Arabia's oil minister said Wednesday that his country and other oil exporters are ready to offset any shortfalls in supply because of market volatility — an apparent reference to showdowns with Iran over its nuclear program, AP reports.
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UPI writes, there is a "basic assumption" that Saudi Arabia will make up the difference for the effects sanctions on Iran are having on oil markets, an analyst said. Washington is said to have the confidence that major oil producers like Saudi Arabia have the production capacity to offset any market disruptions.
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Sonangol is negotiating to buy half of Italian group Eni's 33.3 percent stake in Galp, board member Sebastiao Gaspar Martins told Reuters on the sidelines of the International Energy Forum in Kuwait on Tuesday.
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South Africa hopes to have a plan by the end of May for replacing Iranian crude that currently makes up a quarter of its crude imports, the country's energy minister told Reuters on the sidelines of the International Energy Forum in Kuwait.
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Reuters reports that the United States is pressing Saudi Arabia to boost oil output to fill a likely supply gap arising from sanctions on Iran, Gulf oil officials said, adding that an increase in production is unlikely to be needed before July.
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Kuwait Petroleum Corp. and France's Total on Tuesday signed a memorandum of understanding to be partners in a Kuwait-China oil refinery joint venture, the French energy giant said. The joint venture, in partnership with China's Sinopec, will develop a refinery with a processing capacity of 300,000 barrels per day, in addition to a petrochemical complex, Total said in a statement issued on the sidelines of the International Energy Forum in Kuwait.
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Dow Jones reports that Total SA (TOT) is in talks to enter Iraqi Kurdistan, and has started discussions with South Sudan to re-enter its oil acreage there, the head of the French oil giant said on the sidelines of the International Energy Forum on Tuesday.
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The 13th International Energy Forum was launched here, on Tuesday, with the participation of more than 80 countries and the presence of more 45 ministers of oil to discuss the latest world energy issues, Kuwait News Agency (KUNA) reports.
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Amid rising oil prices the International Energy Forum (IEF) will begin their biennial gathering of global energy ministers and industry leaders in Kuwait on Tuesday. The conference, which is the largest of its kind, will conclude on Thursday, writes Zachary Keck, Examiner.com.
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The Iran-driven run in oil prices to the highest since 2008 masks the Middle East producer’s diminishing importance to global oil supplies as record spending on drilling unearths reserves from Argentina to Angola, says Bloomberg.
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Japanese officials will meet with a US delegation on the sidelines of the International Energy Forum later Tuesday to ask that Washington allow exports of LNG to Japan, the world's biggest importer of liquefied natural gas, a Japanese delegate said.
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MarketWire reports that the Honourable Joe Oliver, Canada's Minister of Natural Resources, wrapped up his first day at the International Energy Forum in Kuwait, where he promoted bilateral trade and investment and advanced Canada's position on key energy issues.
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Oil supplies are considered adequate and the oil price per barrel (pb) standing at USD 100 is fair for producing and consuming countries, said Oman Oil Minister Dr. Mohammed Al-Rumhi on the sidelines of the 13th International Energy Forum that kicked off here on Tuesday, reports Kuwait News Agency (KUNA).
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Top exporter Saudi Arabia and other Gulf producers say surging oil markets are beyond their control and prices could spike higher unless tensions between the West and Iran subside, Reuters reports.
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Speaking in his opening speech at the 13th International Energy Forum, Kuwait's Minister of Oil Hani Hussein on Tuesday stressed the importance of consolidating efforts of energy producing and consuming countries in order to guarantee saving and providing clean and secure energy to people around the world, Kuwait News Agency (KUNA) reports.
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Energy Ministers from member countries across the world have gathered for the 13th IEF conference. This year, ministers from some 80 countries are in attendance. National media have been reporting on countries’ delegations.
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EU Energy Commissioner Guenther Oettinger will deliver a speech Tuesday and present the EU's energy policy at the 13th International Energy Forum (IEF), to kick off in Kuwait tomorrow, reports KUNA.
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Oil producers and consumers meet tomorrow in Kuwait to discuss growing threats to supply, rising prices and an uncertain outlook for the global economy, reports TheNational.ae
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Representatives of some of the world's top oil producers, preparing to meet with consumers at an energy summit in Kuwait, voiced concern that rising oil prices could jeopardize a global economic recovery, reports The Wall Street Journal.
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Oil-producing nations in the Middle East and Africa said current crude prices at $125 a barrel are “high” as a result of international political tensions, reports Bloomberg.
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The global oil market is well-supplied and new discoveries are enough to replace depleting fields, the International Energy Forum’s secretary-general said in an interview in Kuwait today, writes Bloomberg.
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Ali Khalil, AFP reports that the world's largest energy forum begins meetings on Monday over oil price fluctuations and safeguarding supplies amid heightened tensions over Iran's nuclear programme and a softening in global growth. Oil ministers and delegates from the 88-member International Energy Forum (IEF) are holding their biennial three-day gathering in the Gulf emirate of Kuwait to discuss the role of the forum in tackling market volatility.
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The 13th International Energy Forum was launched on Tuesday in Kuwait with the participation of more than 80 countries and the presence of more 45 ministers of oil to discuss the latest world energy issues, Qatar News Agency reports.
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The world will one day run out of oil, but that is of little concern to delegates at the World Petroleum Congress in Doha whose eyes are fixed on more crude discoveries and advances to prolong supplies. "To tell someone that he's going to die is not a prediction, it's a tautology. What he wants to know is when and how," Nasser al-Jaidah, chief executive of Qatar Petroleum International, said at the Congress
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Noé van Hulst, Secretary General of the International Energy Forum, sees Kazakhstan as one of the key players in the world energy market and calls the country to enter the IEF
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GulfNews.com reported today (27 September 2011) on yesterday’s address by Shaikh Abdullah Bin Zayed Al Nahyan, UAE Foreign Minister to the 66th United Nations General Assembly in New York.
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Oil producers and consumers should join hands in setting up an effective system to prevent sharp increases in crude prices as this will only destroy demand and hurt both sides, India’s petroleum and natural gas minister has said.
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Growth in oil demand is forecast to fall by as much as 60 per cent next year amid economic turmoil, the International Energy Agency (IEA) said.
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It's "too early" for OPEC countries to consider cutting oil output, even as prices tumbled below $100 a barrel this week, according to Noe van Hulst, secretary general of the International Energy Forum.
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As the price of crude rockets, Noe van Hulst, Secretary
General of the International Energy Forum, speaks to Eithne
Treanor about the challenge of steering greater cooperation
between oil suppliers and consumers.
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In spite of all the skirmishes between the Opec oil producers' cartel and western countries about high prices, relations between consumers and producers have been much smoother in recent years than during the confrontational period of the late 1970s and early 1980s.
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The International Energy Agency (IEA) wants more crude supplies released to prevent a reversal of the global economic recovery.
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Since 1991 the global producer-consumer energy dialogue has developed through the International Energy Forum (IEF) so that it is now the world's largest gathering of energy ministers. Through the Forum and its associated events, IEF Ministers, their officials, energy industry executives, and other experts engage in a dialogue of increasing importance to global energy security.
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Saudi Arabia, the world's largest crude exporter, pumped 8.66 million barrels of oil a day in March, down 4 percent from its output of 9.02 million a day in the previous month, official data showed.
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The oil market overreacted to the loss of exports from Libya as supply and spare capacity are at an "adequate level" said Noe van Hulst, secretary general of the International Energy Forum
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Analysts say fear, not fundamentals, is driving up oil prices. "The fundamentals of demand and supply, and spare capacity in the market, don't justify these high oil prices,” Noe Van Hulst, Secretary-General at the International Energy Forum (IEF), told CNBC.
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The world's top oil exporter Saudi Arabia is "not comfortable" with high oil prices. Sure, higher oil prices put pressure on the global economic recovery.
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Noe van Hulst, the secretary general of the International Energy Forum (IEF), has the sometimes unenviable job of coaxing energy consumers and producers to talk to each other.
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Given the multiple conflicting challenges faced by the global energy industry, dialogue between energy-producing countries and energy-consuming countries has never been more important. This imperative was recently recognised by the 86 member countries of the International Energy Forum (IEF), the organisation that provides the main platform for such dialogue, when they signed a new Charter at an Extraordinary IEF Ministerial Meeting
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We tend to think of heavy oil as an Alberta thing. A lot of ink gets spilled over the size, value and environmental impact of the oil sands. To be sure, the attention is warranted. But anybody convinced that heavy oil is purely a western Canadian phenomenon would do well to spend a day this week at Edmonton's Shaw Conference center, where the heavyweights of heavy oil have convened for the annual World Heavy Oil Congress
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While the Middle East turmoil is pushing up oil prices, Alberta heavy-oil producers are facing a "classic bottleneck" with pipelines running at capacity and storage tanks in Cushing, Okla., almost full.
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Since the turmoil started in the Middle East, less than two months ago, oil prices have increased by more than $20 per barrel. If sustained over several months, this may drive up inflation and threaten global economic recovery efforts.
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The head of the International Energy Forum says there is significant spare capacity in the oil market and fundamentals remain different to those during the oil price spike of 2008, despite the price of oil being above $US100 a barrel
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An energy charter signed in Saudi Arabia by members of the International Energy Forum lets consumers and producers talk more freely, IEF Secretary-General Noe van Hulst said. Delegates to the IEF met in Riyadh to discuss transparency and stability in the global energy market. A charter signed by 87 ministers and top IEF delegates creates an enhanced framework for dialogue between energy producing and energy consuming countries
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Saudi Arabia has achieved a long sought-after goal - a
firm footing for the International Energy Forum (IEF)
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An energy charter signed in Saudi Arabia by members of the International Energy Forum lets consumers and producers talk more freely, an IEF official said.
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A momentous expansion of the International Energy Forum (IEF) takes place in Riyadh on Tuesday when energy officials from more than 80 nations and leading international organizations sign a charter committed to bringing stability to global markets
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Major oil and gas producers and suppliers will sign in Riyadh on Tuesday a charter primarily aimed at limiting price volatility and the role of speculators, officials said.
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Energy producer and consumer states signed a charter in Riyadh on Tuesday aimed at limiting price volatility and stabilising the market, even as Middle East turmoil propelled prices to two-year highs
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Following the Extraordinary IEF Ministerial on 22 February an article by Alex Schindler was appeared in the 23 February issue of Oil Daily under the title: "Saudi Oil Chief Moves to Calm Oil Markets"
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The International Energy Forum, which groups the world's top oil producers and consumers, meets Tuesday in Saudi Arabia as economic recovery drives prices back to levels last seen before the 2008 global financial crisis
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The ministries meeting of the International Energy Forum (IEF) in Riyadh, Saudi Arabia, on the 22 February will see the birth of a new enhanced framework for dialogue between producers and consumers, IEF secretary-general Noè van Hulst tells Argus
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The Ministry of Petroleum and Mineral Resources will host an extraordinary ministerial meeting of the International Energy Forum under the aegis of Custodian of the Two Holy Mosques King Abdullah to sign the forum’s charter with the participation of 90 countries, major oil producers such as OPEC countries and major consumers in the world in Riyadh on Tuesday
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