Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Abqaiq. in the kingdom’s eastern province. is the world’s largest oil processing facility.
Read More »IEA Says Markets Well Supplied with Ample Commercial Stocks
Oil Prices Rise after Attacks Halve Saudi Output
A sharp rise in oil prices also comes at a delicate time for the global economy.
Read More »Saudi Supply Disruption Puts U.S. Oil Reserve in Play
The emergency stockpile is stored in huge underground salt caverns along the U.S. Gulf Coast.
Read More »The Concept of Peak Oil has Shifted
Long-term oil demand is expected to rise to almost 112 mb d by 2040.
Read More »Geopolitical Risks Highlights Fragile Oil Supply Chain
The demonstration of the oil sector’s vulnerability hasn’t come at a good time for the Saudis.
Read More »2mb of Light Crude at IRENEX on Tuesday
The National Iranian Oil Company will offer light crude at the next round of the international ring of Iran Energy Exchange on September 17.
Read More »Top Economic Council Extends CBI Authorities to Manage Foreign Currencies Market
The Supreme Council of Economic Coordination Sat. decided to extend the authorities of the Central Bank of Iran (CBI) for managing the exchange market for the purpose of stability in the market.
Read More »Saudi Arabia Temporarily Cuts Oil Production
Saudi oil facilities as well as foreign tankers in and around the Persian Gulf have been the target of several attacks over the past year.
Read More »Top Gov’t Council Extends CBI’s Authorities to Manage Foreign Currencies Market
The Supreme Council of Economic Coordination decided to extend the authority of the Central Bank of Iran (CBI) for managing the exchange market for the purpose of stability in the foreign currency market.
Read More »Iran Raps Europe for Not Delivering on Economic Promises
Iranian Interior Minister Abdolreza Rahmani Fazli criticized the European countries for not following through with their economic commitments to Tehran.
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