Iran is going to set a new high record in the production of natural gas within the next few weeks, Oil Minister Bijan Namdar Zanganeh announced.
News ID: 8492 Publish Date : 2020/02/25
The third offshore platform of the supergiant South Pars gas field has been installed.
News ID: 8487 Publish Date : 2020/02/25
Iranian Oil Minister Bijan Namdar Zanganeh said on Monday that OPEC nations should try to balance the oil market which has tumbled as the worries over the impacts of the coronavirus continue to grow.
News ID: 8382 Publish Date : 2020/02/04
Iran is at present producing 85% of its needs to oil industry equipment despite the harshest-ever sanctions imposed against the country by Washington, an official said.
News ID: 8325 Publish Date : 2020/01/23
Oil slipped towards $65 a barrel on Friday as the threat of war in the Middle East receded and investors focused on rising US inventories and other signs of ample supply.
News ID: 8278 Publish Date : 2020/01/10
The number of passengers using road-based public transport services has increased to 100 million in the nine Iranian months ending Dec. 21 from 92 million during last year’s corresponding period, says an official with Iran Road Maintenance and Transportation Organization.
News ID: 8275 Publish Date : 2020/01/08
The United Arab Emirates’ energy minister said on Wednesday he saw no immediate risk to oil passing through the vital gateway of the Strait of Hormuz after Iran attacked bases housing US forces in Iraq.
News ID: 8274 Publish Date : 2020/01/08
Malaysia's only styrene monomer (SM) producer, Idemitsu Styrene Monomer (ISM), has reduced operating rates by 10pc at its 241,000 t/yr unit this month because of negative production margins.
News ID: 8268 Publish Date : 2020/01/09
Chinese government officials will visit Washington next week to sign a "phase one" trade deal with the US, China's commerce ministry said today.
News ID: 8259 Publish Date : 2020/01/09
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 gasoil (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
