oil

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A senior energy official announced that Iran can now export some 25 million to 30 million liters of gasoline per day as a result of the implementation of the gasoline rationing scheme that recently came back into force.
News ID: 7809    Publish Date : 2019/12/08

Saudi Arabia's oil minister Prince Abdulaziz bin Salman today called for faith and trust as the Opec+ producer group strives to formalize an agreement to deepen output cuts.
News ID: 7804    Publish Date : 2019/12/06

Oil price decreased on Friday as a meeting between OPEC and its allies later in the day is expected on a formal agreement to more output curbs in early 2020.
News ID: 7791    Publish Date : 2019/12/06

The non- oil exports from Iran’s province of Semnan hit a total worth of $170 million in the first 8 months of the current local calendar year (March 21- November 22), which indicates a 62% surge in comparison with figures from corresponding period in last year.
News ID: 7786    Publish Date : 2019/12/07

ExxonMobil is awaiting regulatory approval for a 31-well exploration program over three blocks.
News ID: 7780    Publish Date : 2019/12/04

Oil gained on Wednesday ahead of meetings this week where OPEC and its allies are expected to extend production curbs to support the market, while industry data showing that US crude stockpiles fell more than expected helped to lift prices, Reuters reported.
News ID: 7771    Publish Date : 2019/12/04

Iranian engineers and technicians managed to overhaul 22 offshore platforms in the giant South Pars Gas Field in the Persian Gulf, independent of any foreign company or entity and depending 100% on domestic capabilities and potentials.
News ID: 7766    Publish Date : 2019/12/04

Ecuador may renege on its decision to quit its OPEC membership, according to anonymous sources cited by S&P Global Platts, which was supposed to take effect January 1, 2020.
News ID: 7760    Publish Date : 2019/12/03

Oil prices edged higher on rising expectations of deeper output cuts when OPEC and its allies meet this week, although skepticism about a deal among some analysts limited the gains.
News ID: 7759    Publish Date : 2019/12/03

Key Opec member countries have expressed support for deeper output cuts, Iraq's oil minister Thamir Ghadhban said, ahead of the ministerial Opec and Opec, non-Opec meetings in Vienna later this week.
News ID: 7752    Publish Date : 2019/12/03

OPEC and its allies plan to deepen oil cuts and have the deal in place so it runs at least until June 2020 as Saudi Arabia wants to deliver a positive surprise to the market before the listing of Saudi Aramco, two sources familiar with the talks said.
News ID: 7721    Publish Date : 2019/12/02

Load and unload operations for petrochemical and other oil -product cargoes have surged by almost a third in one month at the Iranian ports, indicating that the country has managed to find a way around the US unilateral sanctions which were supposed to paralyze Tehran’s economy.
News ID: 7717    Publish Date : 2019/12/03

Iran is planning to indigenize the equipment needed for the manufacturing of downstream petrochemical industries, an industrial official announced.
News ID: 7705    Publish Date : 2019/12/02

The National Iranian Drilling Company (NIDC) has drilled 81 oil and gas wells with a total length of 111,000 in the past 8 months since late March 2019.
News ID: 7704    Publish Date : 2019/12/02

Venezuela's state-owned PdV struck a preliminary agreement with Curacao to hang on to the Isla refinery and Bullen Bay terminal for a transition period of up to one year after its lease expires at the end of December.
News ID: 7693    Publish Date : 2019/12/02

Iran Oil, Gas and Petrochemical Products Exports Union (OPEX) is going to hold the first international exhibition of Iranian oil , gas and petrochemical industries downstream sector (Intl. Iran Downstream Show) during February 2-4, 2020 at Tehran Permanent International Fairgrounds.
News ID: 7682    Publish Date : 2019/11/27

The hydrocarbon exploration activities in Iran are expected to result in the discovery of a new major oil reserve within the next few months, an official said.
News ID: 7648    Publish Date : 2019/12/01

Another prominent figure in Venezuela's US-backed parallel administration has abruptly departed and an oil union leader has quit the main opposition political party in the latest signs of internal discord.
News ID: 7587    Publish Date : 2019/11/27

US midstream operator Williams is suing Texas regulators over an exemption it says will give oil producers a "blank check" to flare off associated natural gas whenever doing so would be profitable.
News ID: 7574    Publish Date : 2019/11/26

Iran is planning to increase the volume of its daily output from the South Pars gas field, which the country shares with Qatar, by 50 million cubic meters per day, said CEO of the Pars Oil and Gas Company (POGC) Mohammad Meshkinfam.
News ID: 7568    Publish Date : 2019/11/25

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