Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Qatar Petroleum on March 3 loaded about 712,000 barrels of condensate destined for the Emirates National Oil Co. in the UAE, the first commercial energy trade since the end of the Gulf blockade in early January, according to data analytics firm Kpler. Qatar Petroleum shipped the condensate from Ras Laffan …
Read More »Iran’s Crude Oil Export Hit Record
The Islamic Republic of Iran has reportedly increased its crude oil export to China in recent months. According to Reuters, Iran has moved record amounts of crude oil to top client China in recent months, while India’s state refiners have added Iranian oil to their annual import plans on the …
Read More »Baker Hughes Shows More Oil Rigs
The U.S. rotary rig count increased by six to 384 drilling units this week, Baker Hughes Co. (NYSE: BKR) reported Friday. In its weekly count of operating rigs Baker Hughes noted that all six of the additional U.S. drilling units are oil rigs, a subset that now totals 295. The …
Read More »Gazprom Makes First Delivery of Carbon-Neutral LNG to Europe
Russian energy giant Gazprom said on Monday it had delivered its first carbon-neutral shipment of liquefied natural gas (LNG) to Europe. Gazprom said its shipment of Russian LNG, which it said was made carbon neutral by offsetting emissions resulting from its production and transport, had been delivered to Royal Dutch …
Read More »Aramco could Lift $75bn Dividend, Bank of America Predicts
Saudi Aramco, the world’s largest quoted oil company, could pay even more than the $75 billion per year it promised at the time of its initial public offering in 2019, according to new research from analysts at Bank of America. “We believe that dividend upside is also possible at higher …
Read More »Saudi Aramco to Benefit from Oil Price and Demand Recovery
Saudi oil giant Aramco will benefit from the oil prices and demand recovery according to Bank of America Merrill Lynch (BoAML). “We believe that Aramco is uniquely positioned in the global oil world to meet potential resurgence of oil demand. Should bullish oil price demand assumptions materialize, we would expect …
Read More »OPEC+ Surprise Sees Oil Soar Past Gulf’s Budget-Balancing Levels
Brent crude now trades above fiscal breakeven prices for the four biggest oil producers in the Middle East after Saudi Arabia convinced fellow OPEC+ members to keep output largely unchanged. The shock move by OPEC+ triggered a rally in Brent prices, which rose to almost $70 a barrel. That’s higher …
Read More »China’s New Green Target Still Means Pumping too much Pollution
China’s first road map to achieving net zero emissions by 2060 may be too slow to stop the world’s biggest polluter from hastening global warming. Thousands of Chinese delegates applauded when Premier Li Keqiang stood in the Great Hall in Beijing at the start of the National Party Congress on …
Read More »Iran to Build Its Largest Oceanic Port in Sea of Oman
Iran is to construct an oceanic port in the Sea of Oman where the country’s largest oil terminal will be built. Iranian Minister of Roads and Urban Development Mohammad Eslami said the project is aimed boosting the country’s crude exports. “We have always wanted to take [Iran’s] oil exports beyond …
Read More »International Rig Count Rises 24 Units in February
The international rig count, except for the US and Canada, increased by 24 units month-on-month (MoM) in February 2021, bringing the total count to 701, data of energy services firm Baker Hughes showed. The oil rigs in the Middle East rose by nine MoM to 260 in February but declined …
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