Washington will not retaliate militarily after an Iranian missile attack on US military bases in Iraq, President Donald Trump said today.
News ID: 8246 Publish Date : 2020/01/08
Oil prices rose a further 2% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a US air strike which martyred a top Iranian military commander in Iraq.
News ID: 8234 Publish Date : 2020/01/06
Oil prices could surge toward $80 a barrel if escalating geopolitical tensions disrupt Middle East crude supplies, analysts told CNBC on Friday, with energy market participants “on tenterhooks” after a US airstrike on key Iranian and Iraqi military personnel.
News ID: 8191 Publish Date : 2020/01/03
European base oil prices are likely to continue to face sustained pressure from structural oversupply of Group I, Group II and Group III grades. This will probably dampen any upwards price movement in the first half of 2020.
News ID: 8178 Publish Date : 2019/12/31
Oil prices held on to three-month high on Monday, underpinned by optimism over an expected China-US trade deal and upbeat industrial data, while traders kept a close watch on the Middle East following a US air strike.
News ID: 8168 Publish Date : 2019/12/30
Some 64,337 tons of oil products have been exported from Bahonar port in Southern Iran in a nine-month period (March 21, 2019, December 22, 2019), showing a growth of 95 percent as compared with last year’s corresponding period, a port official announced.
News ID: 8160 Publish Date : 2019/12/30
The US is pressuring Baghdad not to reopen an important border corridor with Iran, sources in Diyali revealed on Saturday.
News ID: 8131 Publish Date : 2019/12/29
Tehran is considerably advancing its development policies in the oil and gas industries, as the National Iranian Drilling Company (NIDC) announced that it has successfully completed drilling operations of 88 oil and gas wells over the first 9 months of the current local calendar year (March 21-December 22).
News ID: 8130 Publish Date : 2019/12/27
Oil prices rose on Friday, hitting three-month highs after data showed record online spending by US consumers even before the hoped-for end to the trade war between Washington and Beijing.
News ID: 8126 Publish Date : 2019/12/27
As 0.5pc sulphur marine fuel oil (0.5pc fuel oil ) looks to be the low-sulphur fuel of choice, tight availability of the new grade in Mediterranean ports will continue into 2020 while supply will be more steady in northwest Europe.
News ID: 8114 Publish Date : 2019/12/27
Uncertainty around supply and specifications for 0.5pc sulphur residual fuel oil may drive some shipowners to use 0.1pc sulphur marine gas oil (MGO) to meet new fuel rules, but MGO's traditional premium will likely continue to put it at a disadvantage.
News ID: 8109 Publish Date : 2019/12/27
Gasoline consumption in the eighth fiscal month that ended on December 22 was 75 million liters per day, data released by the National Iranian Oil Products Distribution Company show.
News ID: 8098 Publish Date : 2019/12/24
Persian Gulf Star Refinery has initiated a scheme aimed at preserving Iranian cheetahs in Geno mountains, Hormuzgan Province, Southern Iran.
News ID: 8095 Publish Date : 2019/12/25
The National Iranian Oil Company (NIOC) announced that it will soon disclose further details on a newly discovered oil field in the Southwestern province of Khuzestan, where the NIOC has already found a giant oil reserve that was declared in last month.
News ID: 8093 Publish Date : 2019/12/25
Southeast Asian first-generation biodiesel will become increasingly insular in 2020, in the wake of the two biggest palm oil producers Indonesia and Malaysia hiking domestic production mandates in response to anti-palm oil sentiment from their previous largest export market Europe.
News ID: 8092 Publish Date : 2019/12/24
Asia-Pacific oil product refining margins fell late in 2019, but tighter supply and a heavy turnaround schedule in the Mideast Gulf may support the market in the first quarter of 2020.
News ID: 8088 Publish Date : 2019/12/24
The Tehran government’s protestations about fuel smuggling from the eastern and southern borders have become a permanent feature. So has the inability and unwillingness of those in charge to put an end to this wholesale corruption inflicting colossal economic loss for too many years.
News ID: 8076 Publish Date : 2019/12/23
Ahmad Shirzadi, exploration director at Khazar Exploration and Production Company (KEPCO), has announced the start of two major projects within areas run by this company.
News ID: 8073 Publish Date : 2019/12/24
Oil prices fell slightly on Friday but were still set for a third straight weekly gain after easing US-China trade tensions lifted business confidence and the outlook for global economic growth.
News ID: 8054 Publish Date : 2019/12/20
Selling one million barrels of oil a day as forecast in the March 2019-20 budget bill is wishful thinking in the absence of robust diplomatic relations with neighbors and the world, a member of the Majlis Energy Commission said.
News ID: 8053 Publish Date : 2019/12/20