Iran Oil Show 2018 is running during May 6-9 at the Tehran Permanent International Fairgrounds.

Sanchi was carrying 36.000 tonnes (almost one million barrels) of condensate.

Iran has always been seeking reasonable prices for oil which will encourage the producers to produce more oil and therefore stop the global market from destabilization.

The four-day exhibition is sponsored by the Iranian Ministry of Oil and its subsidiary the National Iranian Oil Company.

Glencore and QIA have now agreed to dissolve their partnership.

Several memorandums of understanding are expected to be signed on the sidelines of the exhibition.

Reasonable oil prices would ``encourage producers to keep supply while it would prevent global markets from plunging into instability.

South Pars Phase 14 development project is being implemented by the employer POGC with the goal of producing 56.5 million cubic meters of sour gas per day and 75.000 b d of gas condensate.

The U.S. dollar leaped to its highest levels this year against a basket of currencies despite disappointing U.S. employment data for April.

Despite the price adjustment. sour is still higher on the year.