Iranian Vice-President for Science and Technology Sorena Sattari censured the country’s dependence on oil revenues, and urged for more technology-oriented economic activities.
News ID: 7533 Publish Date : 2019/11/24
Iraq's crude production and exports continue at full throttle despite the recent violent demonstrations in the country, but analysts said the situation bears close watching as oil fields and ports could be vulnerable to escalating protests.
News ID: 7529 Publish Date : 2019/11/20
The semi-autonomous Iraqi region of Kurdistan may begin deliveries by early next year of around 250,000 barrels per day of crude oil to the federal government in Baghdad for exports, Iraqi Oil Minister Thamer Ghadhban said.
News ID: 7528 Publish Date : 2019/11/23
French tubular steelmaker Vallourec expects Brazilian demand to pick up in the fourth quarter, while oil and gas demand in the US is expected to decline.
News ID: 7484 Publish Date : 2019/11/15
Oil prices gained on Friday after OPEC’s forecast for oil demand next year fueled hopes that the producer group and allies will maintain supply cuts when they meet to discuss policy on output next month.
News ID: 7470 Publish Date : 2019/11/15
Opec has kept its non-Opec supply projections little-changed for this year and next, just a day after the group's secretary-general Mohammed Barkindo spoke about the likelihood of "sharp revisions of non-Opec supply going into 2020".
News ID: 7459 Publish Date : 2019/11/14
Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century, the International Energy Agency predicts.
News ID: 7449 Publish Date : 2019/11/13
The National Iranian Oil Company (NIOC) is preparing for three big trades involving six million barrels of oil and condensates in a local bourse next week.
News ID: 7448 Publish Date : 2019/11/14
Despite a marginal decline in overall crude oil exports, Iraq has boosted the sales of its crude to top Asian importers China and India since late September, as the confusion over the return of full Saudi capacity after the attacks made other Middle Eastern producers more popular in Asia.
News ID: 7437 Publish Date : 2019/11/12
Iran will complete construction process for as many as 17 petrochemical plants in the Southeastern port city of Chabahar by 2024, a local official said, adding that the projects will increase the country’s pet-chem output by 4.6 million tons.
News ID: 7394 Publish Date : 2019/11/12
Iranian Oil Minister Bijan Namdar Zanganeh said the oil reserve recently discovered in the southwestern province of Khuzestan is the second largest in the country.
News ID: 7365 Publish Date : 2019/11/11
The National Iranian Oil Company Exploration Directorate (NIOCEXP) has discovered a huge oil reserve with more than 50 billion barrels of crude, said President Hassan Rouhani on Sunday.
News ID: 7347 Publish Date : 2019/11/10
Ahandful of protesters on the ground floor of the cavernous Cape Town International Convention Centre spread fake oil on the ground and chanted, demanding an end to fossil fuels.
News ID: 7345 Publish Date : 2019/11/09
The managing director of Iran’s Jey Oil Refining Company said the company, the biggest exporter of bitumen in Iran and the Middle East, is exporting the product to 19 countries.
News ID: 7330 Publish Date : 2019/11/09
Crude oil futures fell on Friday amid lingering uncertainty on whether, and when, the United States and China will agree a long-awaited deal to end their bitter trade dispute, the gloom compounded by rising crude inventories in the United States.
News ID: 7329 Publish Date : 2019/11/09
South Korean paraxylene (PX) producer S-Oil has changed the pricing basis for its 2020 term contract to include Argus cfr Taiwan and China assessments.
News ID: 7322 Publish Date : 2019/11/08
Brazil's former president Luiz Inácio Lula da Silva left prison this afternoon, firing up his traditional popular base that opposes Brazil's broad opening to private-sector oil investment.
News ID: 7311 Publish Date : 2019/11/08
Oilfield services company Baker Hughes said its facilities that were seized yesterday by a local mayor in Zulia state for alleged municipal tax evasion have returned to regular operations.
News ID: 7310 Publish Date : 2019/11/09
Oil Minister Bijan Namdar Zanganeh was quoted as saying Monday that he expects further production cuts to be announced at the next meeting of the Organization of the Petroleum Exporting Countries in December.
News ID: 7236 Publish Date : 2019/11/04
London, 5 November (Argus) ? Non-Opec crude supply will grow in excess of global oil demand in the next five years, driven by higher US output, Opec said in its World Oil Outlook (WOO).
News ID: 7226 Publish Date : 2019/11/05