Positive signs on the trade front combined with evidence of tightening U.S. crude stockpiles to drive a 4.4% gain in the Brent crude benchmark last week.
Read More »Oil Slips amid Persistent Concerns about Weak Demand
A surprise fall in both official U.S. crude inventories and gasoline stocks was supportive for oil overnight.
Read More »Minister of Oil Meets with Private Sector Activists and Managers
Iran Awards 2nd Exploration Deal to Local Company
The IOEC signed an initial agreement with the NIOC to explore oil and gas in block Bamdad in the Persian Gulf. the Ministry of Petroleum’s news outlet disclosed today.
Read More »Iran Wealthy in Oil Exploration Capacity
An Iranian official says that the country is teeming in oil exploration potentialities.
Read More »Press Conference of Financial System Development Conference in Oil Industry
PGSR Exports $100mn Worth of Oil Products in Seven Months
Some 80 percent of oil products of the refinery is offered through the international floor Iran Energy Exchange (IRENEX).
Read More »Shale Slowdown Concern for Oilfield Services
Rig counts have fallen sharply over the past year. down more than 20 percent from late 2018.
Read More »Oil Steady as U.S. Crude Supplies Increase
The oil market is listless and range-bound.
Read More »SABITI Oil Tanker to Be Repaired by Domestic Engineers
Considering the high capability and potential of ISOICO. SABITI oil tanker. which its hull was damaged on Oct. 11. will be repaired by expert domestic engineers and manpower of the company.
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