Egypt’s local market demand is still too low to absorb the current glut. and pipeline exports to Jordan are still very low.
Read More »Iran Among Top 5 Countries in Chemistry
Iranian Vice-President for Science and Technology Sorena Sattari said the Islamic Republic is ranked among the world’s top five countries in the science of chemistry.
Read More »2019 Oil Market Hotbeds
It is not popular for a pro-OPEC oil analyst to start analyzing the market focusing on demand side.
Read More »Petchem Diversity to Widen Room for Maneuvering
Iran’s petrochemical industry has over recent years bolstered its presence in the international markets in a bid to increase its share in the lucrative global petrochemical trading.
Read More »Oil Traders Made Billions in 2019 as Conflict Shook the Market
The world’s largest energy traders enjoyed one of their best ever years in 2019 as pipeline outages. dramatic changes in ship fuel regulations and Middle East conflicts shook up the global oil market.
Read More »China Urges Coal Miners to Resume Production to Keep Market Supplied
The administration will strictly ban activities such as raising coal prices beyond their contracts.
Read More »Is Shale Oil Surge Shifting Global Oil Market Balance?
The surge in US crude oil production coupled with lower oil demand globally gave way to oversupply in an already bearish market.
Read More »U.S. to Lift Iran-Related Sanctions on Units of Chinese Shipper COSCO
China is the lone major importer of Iranian oil despite Trump’s ``maximum pressure`` campaign on Tehran that includes cutting Iran’s oil revenue to zero.
Read More »China Virus Rattles Oil Markets
Major multinationals are closing operations in China.
Read More »OPEC Considering Moving March 5 Meeting Forward Due to Coronavirus Impact
OPEC and 10 allies agreed in December to implement 1.7 million b d of production cuts for the first three months of 2020.
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