There are signs that IMO-compliant marine fuel is becoming more widely available in ports around the world, with shipowners filing fewer non-availability reports.
News ID: 8840 Publish Date : 2020/03/24
The US government has sanctioned another five companies it says are linked to petrochemical and oil purchases from Iran, taking to 12 the number of companies sanctioned in the last few days.
News ID: 8804 Publish Date : 2020/03/20
Malaysia's state-owned Petronas is likely to draw on its existing supplies of propylene and ethylene to continue running downstream polymer units after a fire hit its new petrochemical facility in Pengerang.
News ID: 8761 Publish Date : 2020/03/18
Based on the negotiations held with some regional states, Iranian experts will engage in reconstructing and repairing power plants there soon, a senior industrial official said.
News ID: 8755 Publish Date : 2020/03/17
Oil fell on Monday as an emergency rate cut by the US Federal Reserve failed to soothe global financial markets panicked by the rapid spread of the coronavirus, while a price war between top producers added to a growing supply glut.
News ID: 8754 Publish Date : 2020/03/16
Oil’s rout may have been an unexpected boon for the biggest buyers of liquefied natural gas, but its knock-on effects may come back to bite them.
News ID: 8753 Publish Date : 2020/03/16
New reports show that Iran has exported 125 million tons of commodities between late March 2019 and late February 2020, which shows the country has registered a 17.61 percent year-on-year jump in terms of exports’ weight.
News ID: 8739 Publish Date : 2020/03/16
Iran's gross domestic product in the third quarter of the current Iranian year (March 21-Dec. 21, 2019) stood at +1.2%, Governor of the Central Bank of Iran Abdolnasser Hemmati wrote in an Instagram post.
News ID: 8737 Publish Date : 2020/03/16
Oil giant Saudi Aramco on Sunday posted a 21% decline in 2019 net profit due to a drop in oil prices and production, and said it plans to “rationalize” capital spending in the wake of the coronavirus outbreak.
News ID: 8736 Publish Date : 2020/03/15
Latest official reports show that non- oil exports from Shahid Rajayee Port, Iran’s largest container port, has witnessed a rise by almost 4% between March 2019 and February 2020, in a comparison with the corresponding period in the last year.
News ID: 8722 Publish Date : 2020/03/15
Non- oil exports from Iran’s Southern province of Bushehr has posted a 20% jump in terms of weight in the past 11 months since late March 2019, in comparison with the corresponding period in the last year, a local official announced on Sunday.
News ID: 8721 Publish Date : 2020/03/15
Oil futures surged in aftermarket trading after Donald Trump said the US government will take advantage of low oil prices and buy "large quantities" of crude to fill the Strategic Petroleum Reserve.
News ID: 8716 Publish Date : 2020/03/14
Iran successfully installed a giant oil drilling platform at an offshore field South of the country despite reports suggesting the country is having problems keeping its oil rigs active because of the US sanctions on the oil industry.
News ID: 8707 Publish Date : 2020/03/14
First quarter global petroleum and liquid fuels consumption will fall by nearly 1pc in 2020 and demand growth will slow as worldwide travel stalls in response to a rapidly spreading coronavirus, according to the Energy Information Administration (EIA).
News ID: 8681 Publish Date : 2020/03/11
Iranian engineers installed the fourth and last platform of phase 13 of the South Pars gas field, the largest gas reservoir in the world, to complete the development of the phase independently at a time that foreign firms had withdrawn because of US pressures.
News ID: 8666 Publish Date : 2020/03/09
Middle East petrochemical producers remain on edge after crude futures slumped in Asian trading to a more than four-year low.
News ID: 8660 Publish Date : 2020/03/09
The OECD has cancelled its scheduled monthly release of composite leading indicators (CLI), because of the rapid spread of the coronavirus outbreak.
News ID: 8656 Publish Date : 2020/03/09
Venezuelan state-owned PdV named a new head of its shipping unit following 38 arrests over alleged fuel theft.
News ID: 8655 Publish Date : 2020/03/09
Global refining throughput will fall this year to below 2017 levels, according to the IEA. The drop comes as demand falls for transport fuels, as a result of the coronavirus outbreak.
News ID: 8654 Publish Date : 2020/03/09
Iran’s Oil Minister Bijan Namdar Zanganeh said Friday’s “fruitless” meeting of the OPEC+ in Vienna was one of the worst meetings in the history of the organization.
News ID: 8602 Publish Date : 2020/03/07