Oil

Three of the world’s largest oil traders are seeking to store crude on tankers at sea as the industry tries to deal with a glut that’s emerged since the outbreak of the coronavirus in China.

The National Iranian Oil Refining and Distribution Company (NIORDC) and Iranian Mines &. Mining Industries Development &. Renovation. known as IMIDRO. have signed an agreement for production of sponge and needle coke in Bandar Abbas.

The coronavirus epidemic has a negative impact on economic activities.

Iran could support deeper cuts in crude oil output of the Organization of the Petroleum Exporting Countries (OPEC) if a majority of the members agreed with it.

The U.S. is preparing to step up enforcement of international rules limiting sulfur in ship fuel.

OPEC and its allies. a grouping known as OPEC+. are scheduled to meet in Vienna on March 5-6.

The big question for energy market observers is whether the hysteria surrounding the Coronavirus has seeped over into oil demand forecasts and market sentiment.

OPEC producers in OPEC+ are currently discussing whether to meet earlier than their scheduled gathering in Vienna on March 5-6.

Iran’s gas exports to Iraq continued uninterrupted.

Iran has the capacity to produce 3.7 million barrels per day of crude oil.