The OECD has raised the prospect of the coronavirus halving the rate of global economic growth this year.
News ID: 8531 Publish Date : 2020/03/02
Oil prices slumped to their lowest in more than a year on Friday and were set for their steepest weekly fall in more than four years as the spread of the coronavirus stokes fears of slowing global demand.
News ID: 8529 Publish Date : 2020/02/28
Crude futures fell sharply in Asian trading as the widening coronavirus outbreak threatens economic growth.
News ID: 8523 Publish Date : 2020/02/28
Saudi Arabia will sharply reduce term crude sales to China next month as the coronavirus outbreak slashes demand in the world's top oil importer. It comes as Riyadh prepares to join Opec and non-Opec allies to discuss deeper production cuts in the wake of the epidemic.
News ID: 8520 Publish Date : 2020/02/28
Negotiations for the March paraxylene (PX) Asia Contract Price (ACP) have failed to settle for a third straight month because of a wide bid-offer gap amid a volatile market.
News ID: 8514 Publish Date : 2020/02/27
Gazprom Neft CEO Alexander Dyukov said Wednesday the OPEC+ group of oil producers should respond to the impact of the coronavirus outbreak but decide on quotas later on.
News ID: 8508 Publish Date : 2020/02/26
Crude oil prices gave up early gains and slid for a fourth day on Wednesday as fears of a coronavirus pandemic deepened as the outbreak spread in several countries outside China.
News ID: 8507 Publish Date : 2020/02/26
The coronavirus-related restrictions that Kuwait has implemented at its ports do not cover oil traffic.
News ID: 8502 Publish Date : 2020/02/26
Paraxylene producers linked to the Asia contract price (ACP) have submitted their offers for the March benchmark price.
News ID: 8501 Publish Date : 2020/02/26
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
Iranian Minister of Petroleum Bijan Zangeneh says that coronavirus is to blame for recent price fluctuations in the oil market.
News ID: 8488 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
Maritime Guards in Iran’s Southern province of Hormuzgan arrested 13 foreign nationals in the Persian Gulf while they were trying to smuggle one million liters of fuel out of the country.
News ID: 8485 Publish Date : 2020/02/25
Adds upated case tally in paragraph 5; details of more flight cuts, steel plant closure in paragraphs 7-8
News ID: 8478 Publish Date : 2020/02/24
China's transport sector is continuing to resume operations amid signs the country's coronavirus outbreak is slowing. But activity remains significantly below normal levels.
News ID: 8477 Publish Date : 2020/02/24
Kish Island has high potential and capability to play a leading role in various industrial and economic fields especially oil, gas and petrochemical industries.
News ID: 8468 Publish Date : 2020/02/19
Iran’s deputy oil minister for engineering, research, and technology affairs said Oil Ministry is taking serious measures for improving standards in the oil industry, Shana reported on Tuesday.
News ID: 8463 Publish Date : 2020/02/19
Iran produced 2.086 million barrels per day (bpd) of oil in January, a 9,000-bpd decrease from 2.095 million bpd in December 2019, according to OPEC’s latest monthly report published on Wednesday.
News ID: 8440 Publish Date : 2020/02/15
As one of the world’s oil-rich countries, Iran, for long, has been deeply relied on oil revenues for its economy and even all the governments which have come and gone since the Islamic Revolution in 1979, have based their economic policies upon oil while other areas remained deprived of the attention.
News ID: 8439 Publish Date : 2020/02/15
The National Iranian Oil Refining and Distribution Company (NIORDC) signed a memorandum of understanding (MOU) with Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) for joint production of sponge and needle coke in two of the country’s refineries.
News ID: 8437 Publish Date : 2020/02/15
