Oil

Citigroup Inc. slashed its price forecasts for commodities from oil to copper and iron ore as it said the impact of the coronavirus looks much worse than it initially thought.

China is the oil market’s primary source of demand growth and measures taken to slow the spread of the coronavirus.

Saudi Aramco officials as a matter of policy do not comment on the kingdom’s monthly OSPs.

NISOC has successfully manufactured over 1.000 items used in the petroleum industry over the course of the past year.

The localization and optimal use of demulsifiers by the National Iranian South Oil Company (NISOC) have resulted in cost savings of the company by over Rl. 270 billion.

The group unveiled a new set of supply curbs just over a month ago.

It is not popular for a pro-OPEC oil analyst to start analyzing the market focusing on demand side.

Iran’s oil history has been into ups and downs. It would not be exaggeration if we say that we have had several hundred years of history throughout one hundred years of oil operation.

Omid Asakareh. CEO of Negin Afagh Kish Energy Development Co (TENCO). says his company is set to sign an agreement for the development of an oil field in southern Iran.

OPEC wants to extend current oil output cuts until at least June from March.