Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
The global oil market is balanced. while some uncertainties remain.
Read More »Oil Market Balanced. but Uncertainties Persist
OPEC Struggles to Detain Oil Price Decline
OPEC+ is expected to reaffirm its commitment to rebalancing the market at its September 12 meeting.
Read More »Changes in Saudi Oil Management won`t Hurt Ties
Russia continues its coordination with the Organization of the Petroleum Exporting Countries (OPEC) on the global oil market.
Read More »Russia Plans to Fully Comply with OPEC+ Output Commitment in Sep
Under the OPEC+ agreement in August. Russia'.s oil production cut level was 143.000 b d compared to October 2018.
Read More »Oil Prices Falls after New Round of Tariffs in U.S.-China Trade War
The trade and tariff overhang is inescapable for oil markets.
Read More »OPEC Posts First 2019 Oil Output Rise despite Saudi Cuts
The biggest supply boost of 80.000 bpd came from Nigeria. Africa’s largest exporter.
Read More »OPEC may Take Action to Stop Oil Price Slide below $60
Middle Eastern crude oil lifting fell sharply in July. with overall volumes down by more than 800.000 bpd.
Read More »Iran’s Daily Output of Petrochemicals to Hit 100 Million Tons by 2021
Iran’s Oil Minister said that Tehran is increasing its revenues from oil derivatives after the US imposed sanctions on the country’s crude exports. adding that Iran eyes to produce over 100 million tons of petrochemicals a day by 2021.
Read More »Iran Euro-4 Petrol Production at 76 ml d in March 2019
There was currently a supply glut in the global oil market which was caused by the US shale boom.
Read More »Iran. Largest Producer of Gasoline in Region. among OPEC Member States
The daily gasoline production volume of the country hit 110 million liters in June.
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