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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

No Customers for Oil Offered on IRENEX

EghtesadOnline: The fourth offering of crude oil at Iran Energy Exchange ended with no deals on Monday, marking the second session of no trade after Iran offered oil on its stock market in October.
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Publish Date:05/February/2019 | 15:28

Japan Refiner to Resume Loading Iran Crude

EghtesadOnline: Japan's largest refiner JXTG Nippon Oil & Energy is set to resume loading of Iranian crude oil as early as Monday, almost three months after the US sanctions waiver was granted.
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Publish Date:05/February/2019 | 15:23

Oil, Petroleum Supply Via Pipelines Increases

EghtesadOnline: An estimated 400 million liters of oil and other products are transported daily via pipelines, indicating a 65% rise over the last 40 years, managing director of the Iranian Oil Pipeline and Telecommunications Company Abbas-Ali Jafari-Nasab said.
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Publish Date:30/January/2019 | 10:44

Iran Oil Swap Deals Await Renewal

EghtesadOnline: Crude oil and petroleum products’ swap deals have expired and are not extended yet, managing director of the Iranian Oil Pipeline and Telecommunications Company Abbas-Ali Jafari-Nasab said.
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Publish Date:29/January/2019 | 14:52

U.S.-China trade hopes lift world stocks, oil soars

EghtesadOnline: World stocks extended their gains to hit a near-four week high and oil prices rose on Wednesday on optimism that the United States and China may be inching toward a trade deal, soothing fears of an all-out trade war.
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Publish Date:09/January/2019 | 13:44

Oil rises 2 percent on U.S.-China trade talk optimism

EghtesadOnline: Oil prices climbed 2 percent on Wednesday as the extension of U.S.-China talks in Beijing raised hopes that the world’s two largest economies would resolve their trade standoff.
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Publish Date:09/January/2019 | 13:39

Oil Trade on Iran Energy Exchange in Rials

EghtesadOnline: The Supreme Council of Economic Coordination – a special body comprising heads of the three branches of government – has agreed to the total settlement in rials of payments for crude oil sales on the Iran Energy Exchange.
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Publish Date:23/December/2018 | 15:30

Iran Announces Oil, Gas Discoveries

EghtesadOnline: Head of exploration department of the National Iranian Oil Company said Monday cooperation with international companies on studying new oil and gas fields is underway and 13 fields were discovered over the past two years.
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Publish Date:19/December/2018 | 09:21

Iran Exempt from OPEC 1.2m bpd Output Cut

EghtesadOnline: OPEC concluded its 175th meeting with an accord to remove 1.2 million barrels a day of crude from the market, with non-OPEC allies including Russia taking a 400,000 barrel-a-day share.
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Publish Date:08/December/2018 | 13:20

CBI: Oil Remains Biggest Contributor to Economic Growth

EghtesadOnline: A sectoral review of the Central Bank of Iran's latest report on Iran's economic growth shows the oil sector had the biggest contribution to the gross domestic product during the first quarter of the current fiscal year (March 21-June 21).
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Publish Date:18/September/2018 | 11:37

Iran: Oil & Gas Sector Most Conducive for Business

EghtesadOnline: The research arm of Iran’s Parliament has conducted a first-of-its-kind domestic investment security study, finding among other things that businesspeople active in the crude oil and natural gas sector have the highest perception of investment security among all sectors.
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Publish Date:18/September/2018 | 06:14

Oil Surplus Vanishes Ahead of Iran Deadline

EghtesadOnline: An overhang of unsold crude in the Atlantic Basin has halved in recent weeks, suggesting oil traders are bracing for a further supply loss from Iran due to US sanctions and a new rally in prices.
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Publish Date:04/September/2018 | 24:12