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Traders Expect $110 Oil

EghtesadOnline: Whether it is the US sending military warnings to Iran or tensions in Venezuela, some oil traders have started to gear up for a possible price surge as political risks escalate.
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Publish Date:13/May/2019 | 13:49

Iran's Jask Terminal to Hold 10m Barrels of Oil

EghtesadOnline: The engineering and designing phase of 20 crude oil storage facilities near the southeastern port of Jask in Hormozgan Province is almost finalized, managing director of the Petroleum Engineering and Development Co. said Saturday.
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Publish Date:12/May/2019 | 13:53

MP Differentiates Between Oil and Petrochem Sectors

EghtesadOnline: Iran is one of the largest producers of petrochemicals supplying the global downstream industry vital raw material, and it would be difficult to find alternatives for such quality products, a lawmaker said.
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Publish Date:11/May/2019 | 13:40

Foreign Companies Continue Ties to Iran’s Oil, Petrochem Sectors

EghteadOnline: Despite the new US sanctions and bullying, and concerns expressed by Dutch banks, Dutch companies are still cooperating with Iran’s oil industry, said the head of the Dutch pavilion at the 24th Iran International Oil, Gas, Refining and Petrochemical Exhibition, May 1-4, in Tehran.
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Publish Date:05/May/2019 | 13:18

Zanganeh: US Wish Will Not Come True

EghtesadOnline: The United States has made a major error of judgment by politicizing oil and using it as a weapon in already fragile international oil market.
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Publish Date:24/April/2019 | 14:05

Oil Jumps as US Decides to End Iran Waivers

EghtesadOnline: The US administration said on Monday that it will not renew waivers that let countries buy Iranian oil without facing sanctions, a move that r oil ed energy markets and risks upsetting major importers such as China and India.
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Publish Date:23/April/2019 | 13:03

OPEC, Russia Alliance ‘Here to Stay’

EghtesadOnline: The pact between OPEC, Russia and its allies is "here to stay," a longtime adviser at Saudi Arabia's energy ministry said, playing down concerns that the alliance could end given Russia's lukewarm comments around the ongoing market management.
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Publish Date:22/April/2019 | 13:34

Iran Oil and Gas Condensate Exports Higher in March

EghtesadOnline: Crude oil and gas condensate loading from Iranian oil terminals, namely Kharg in the Persian Gulf, increased 12% to 1.70 million barrels per day in March, the highest since last October.
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Publish Date:14/April/2019 | 14:54

US Oil Prices Up 50%

EghtesadOnline: Venezuela is in chaos. Iran is grappling with US sanctions. And now there is a surge of violence in Libya. Trouble in these three OPEC nations has helped send US oil prices climbing back above $64 a barrel.
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Publish Date:13/April/2019 | 14:38

Oil Climbs to 5-Month High Amid OPEC Cuts

EghtesadPnline: Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC’s ongoing supply cuts, US sanctions against Iran and Venezuela, fighting in Libya as well as strong US jobs data.
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Publish Date:09/April/2019 | 13:01

US Cannot Completely Cut Off Iran Oil Exports

EghtesadOnline: The US is overwhelmingly likely to fail in its attempt to completely halt Iran's oil exports, analysts told CNBC, with President Donald Trump eager to avoid rising gasoline prices ahead of presidential elections next year.
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Publish Date:08/April/2019 | 15:02

OPEC Urges Producers to Avoid Surplus

EghtesadOnline: OPEC’s secretariat urged oil producers to keep going with efforts to prevent a surplus this year as supplies from their rivals increase faster than world demand.
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Publish Date:16/March/2019 | 24:32

US May Extend Iran Oil Sanctions Waivers

EghtesadOnline: The United States is likely to renew waivers to sanctions for most countries buying Iranian crude, including the biggest buyers China and India, in exchange for pledges to cut combined imports to below 1 million barrels per day.
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Publish Date:16/March/2019 | 24:30

Oil, Condensate Offer on IRENEX Before Yearend

EghtesadOnline: The National Iranian Oil Company will launch two new offers of crude oil and natural gas condensate on the Iran Energy Exchange before the calendar year is out on March 20.
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Publish Date:09/March/2019 | 15:16

Brent, WTI Prices Fall by Over 1%

EghtesadOnline: Oil prices dropped by more than one % on Friday as clouds gathered over the global economy after the European Central Bank (ECB) warned of continued weakness and fresh data showed Chinese exports and imports slumped last month.
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Publish Date:09/March/2019 | 15:05

Goldman Sachs: OPEC, Allies Will Achieve Their Goal by April

EghtesadOnline: OPEC and its allies will probably achieve their goal of draining oversupply from the oil market and boosting prices by next month, says Jeff Currie, global head of commodities research at Goldman Sachs.
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Publish Date:06/March/2019 | 14:01

Barkindo: OPEC Rescued Oil From Collapse

EghtesadOnline: Oil producing group OPEC is responsible for salvaging the entire oil industry with its deal to curb output, OPEC's secretary general told CNBC, but the US shale revolution has helped to prevent "major, major energy chaos" in the world.
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Publish Date:02/March/2019 | 11:59

Rystad: Global Oil, Gas Projects Could Triple

EghtesadOnline: The number of greenfield oil and gas projects to get their final investment decision could rise threefold in 2019 all over the world, Norwegian energy consultancy Rystad Energy has forecast.
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Publish Date:25/February/2019 | 11:11