Oil

Iran’s biggest oil importer in Asia is China which is followed by India and South Korea and eventually Japan.

New Mexico may have cheaper prices and costs. but it also has some takeaway capacity and oilfield infrastructure constraints.

Iran has been ramping up crude oil production to win back its market share since sanctions were lifted in January 2016 under a nuclear accord with P5+1.

Baker Hughes reported on Friday that the number of U.S. rigs drilling for oil was unchanged at 738. having risen by nine the previous week.

Holding first meeting of Joint Energy Meeting is a major step for working out cooperation framework.

Short term improvement in oil prices may slowdown fiscal reforms.

Total became the first Western oil major to sign an agreement with Iran to develop phase 11 of Iran'.s South Pars.

Bandar Lengeh. as the main port in west of Hormozgan province. is located 240 kilometers west of Bandar Abbas. capital of Hormozgan province.

Essar Oil’s imports from Iran in October were about 88% higher than the previous month.

U.S. West Texas Intermediate (WTI) crude futures were at $55.39 a barrel. 6 cents up from their last settlement.