Iran Energy News Oil, Gas, Petrochemical and Energy Field Specialized Channel
Oil slumped as escalating trade hostilities between the U.S. and China stoked fears of slowing global growth.
Read More »Oil Slumps as U.S.-China Trade Hostilities Escalate
The Second Machine Age Could Crash Oil Prices
Forecasters at these major oil organizations simply do not understand that we are in a new age of rapid technological advancement and innovation.
Read More »Oil Prices Mixed as Traders Weigh Trump’s Comment. Supply Cuts Led by OPEC
OPEC and some allies including Russia are due to meet next month to discuss output policy going forward.
Read More »The Oil Market Is Expected to be in Balance towards the End of 2019
There is great anxiety in the market today mainly related to supply concerns.
Read More »Oil under Pressure from U.S.-China Trade War
In oil futures markets. the trade war effect is better seen beyond the spot market.
Read More »Oil Prices Climb but set for biggest weekly loss of 2019
U.S. crude inventories are the highest since July 2017.
Read More »Russia’s Dirty Oil Crisis Is Worse than almost Anyone Predicted
Druzhba usually supplies up to 1.5mn barrels a day of Russia’s benchmark Urals blend into central Europe.
Read More »Active Oil Rig Number Falls amid Oil Price Correction
US oil production ticked up slightly for week ending May 17. coming in at 12.2 million bpd- just 100.000 bpd off the April 26 high of 12.3 million bpd.
Read More »Foreign Ministry Tasked with Oil Talks with Europe
Iranian Oil Minister Bijan Namdar Zanganeh said that the Supreme National Security Council (SNSC) has tasked the Foreign Ministry with holding talks with European countries on Tehran’s oil exports to the bloc.
Read More »Oil Prices Drop Three Percent to $70
U.S. crude inventories swelled by 4.7 million barrels in the latest week to their highest since July 2017.
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