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Libya has for the first time in the country’s history given domestic private companies the opportunity to invest in the field of oil production, Libya’s National Oil Corporation (NOC) said Sunday. NOC’s Board of Directors called on private Libyan companies to invest in the field as part of the strategy …

Iraq has secured its position as the fifth-largest country worldwide regarding oil reserves, as stated by the Italian oil corporation Eni. Eni’s data reveals that Iraq has a substantial oil reserve of 145.019 billion barrels for 2022, reflecting a marginal compound growth rate of 0.1%. In 2010, Iraq held 143.100 …

There is a decline in world oil prices of about 1 percent as investors assess the state of the Chinese economy, Trend reports. The price of October futures for Brent Crude Oil fell by 1.01 percent, reaching $85.94 per barrel. Meanwhile, September WTI futures also declined by 1.06 percent, dropping …

The managing director of the National Iranian Oil Refining and Distribution Company (NIORDC) announced about the increasing trend of Iran’s liquified petroleum gas (LPG) export. Making the remarks in a press conference on Saturday, Jalil Salari said that currently, about five billion liters of liquid fuel have been stored in …

The U.S. Energy Information Administration (EIA) announced on Sunday a substantial increase in Iraq’s oil exports to the United States, reaching 305,000 barrels per day in the past week. According to data provided by the EIA, the average U.S. crude oil imports from eight key countries during the previous week …

The director of the Atomic Energy Organization of Iran says today the country produces more than 300 types of heavy nuclear derivatives, each gram of which is worth tens of thousands of dollars. Mohammad Eslami added that these strategic capabilities once meant no entry areas for Iran but the country …

The EU on Saturday welcomed the completion of oil transfer from the decaying ship FSO Safer in the Red Sea waters off the Yemeni coast. “The successful transfer of the estimated 1.14 million barrels of light crude oil is key to averting an imminent environmental disaster in Yemen and the …

A subsidiary of China National Petroleum Corp (CNPC), Daqing Drilling Engineering Co, has been awarded the contract for the development of the Rumaila oilfield in Iraq. The Rumaila oilfield in southern Iraq, near to the Kuwaiti border, will see Daqing drill wells with two rigs as part of a $194 …

As countries around the world look to ways to use emission-free vehicles as a mainstream form of transportation, hydrogen cars are increasingly making their way into the spotlight, even with the popularity of battery electric vehicles. H2-powered vehicles aren’t a new form of technology but are being taken more seriously …

MetalMiner actively posts on a variety of metals and market developments. However, we prefer to discuss topics that our clients bring to us, especially those that keep buyers awake at night. One such topic that has been recurring over recent months is the anxiety surrounding the LME aluminum quotation. Specifically, …