Prices of waste-biodiesel and feedstock exports from China have fallen by 20-30pc since the coronavirus outbreak emerged, with further declines possible as the virus continues to spread in Europe.
News ID: 8961 Publish Date : 2020/03/30
Daily gasoline consumption in the country reached 49.3 million liters on average from the beginning of current Iranian calendar year (March 20) until Friday , managing director of National Iranian Oil Products Distribution Company (NIOPDC) announced.
News ID: 8946 Publish Date : 2020/03/29
These days, the oil market is facing an unprecedented crisis; on one hand the demand for oil has fallen drastically due to the slowdown in the global economy following the coronavirus outbreak and on the other hand the start of a price war between Saudi Arabia and Russia hit the market so hard that oil crashed to a level not seen in 29 years.
News ID: 8931 Publish Date : 2020/03/22
Managing director of National Iranian South Oil Company (NISOC) said the company was about to begin seven new development projects in southern Iran, under the framework of a program for maintaining and enhancing oil production in 28 reserves in the mentioned region, Shana reported.
News ID: 8928 Publish Date : 2020/03/17
More than $1.5 billion of foreign currency has been provided in the country’s foreign exchange secondary market (locally known as NIMA) for the imports of basic goods since the beginning of the current Iranian calendar month of Esfand (February 20, 2020), IRIB reported.
News ID: 8924 Publish Date : 2020/03/16
National Iranian Oil Company (NIOC) is following a program to renovate all the country’s old and worn-out oil facilities, IRNA reported quoting a senior official with the company.
News ID: 8911 Publish Date : 2020/02/21
South Korean petrochemical producer SKGC is planning to idle its small cracker in Ulsan from December this year after the plant struggled to stay competitive.
News ID: 8874 Publish Date : 2020/03/26
Malaysia has extended a countrywide lockdown by two weeks to 14 April as the coronavirus continues to spread.
News ID: 8864 Publish Date : 2020/03/25
Workers on oil and gas projects in Western Australia (WA) will be exempt from travel restrictions imposed by the state government that has halted travel as part of emergency measures to combat the spread of the coronavirus.
News ID: 8848 Publish Date : 2020/03/24
China is ramping up production of oil, petrochemicals, metals and coal as the coronavirus outbreak comes under control, with a lockdown in hardest-hit Wuhan set to be lifted early next month. But demand may take longer to recover.
News ID: 8844 Publish Date : 2020/03/24
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
French road builder Colas has halted all road construction work in France to comply with the government's lock-down measures to battle the coronavirus pandemic, which has stopped nearly all its bitumen purchases.
News ID: 8802 Publish Date : 2020/03/20
German containership company Hapag-Lloyd burned 28pc more low-sulphur fuel in 2019 than in the year, as most of its fleet switched to low-sulphur fuels in the last weeks of the year.
News ID: 8794 Publish Date : 2020/03/20
Companies operating offshore the UK are likely to cut capital investment by as much as 30pc this year, and cut drilling activity by more than a third to levels unseen since 2016, industry body OGUK said today.
News ID: 8786 Publish Date : 2020/03/19
Malaysian palm oil plantations are able to resume operations immediately after producers appealed government closures to curb the spread of the coronavirus.
News ID: 8783 Publish Date : 2020/03/19
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
