Oil

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.

Saudi Arabia’s push to convene an emergency OPEC+ meeting next month. bringing forward a gathering scheduled for March. ran into resistance from its key oil-market ally. Russia.

Major multinationals are closing operations in China.

Jet fuel demand has slumped in Asia as airlines have cancelled connections.

OPEC members are considering holding an emergency meeting next month. as oil prices sink on concern the coronavirus outbreak will hit demand.