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Oil Falls After Hitting Pandemic High $70

EghtesadOnline: Oil prices slipped on Monday after earlier climbing above $70 a barrel for the first time since the Covid-19 pandemic began after attacks on Saudi Arabian oil facilities.
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Publish Date:09/March/2021 | 17:49

Oil Jumps on Vaccine Optimism

EghtesadOnline: Oil prices rose more than $1 on Monday, supported by optimism over Covid-19 vaccinations, a US stimulus package and growing factory activity in Europe despite restrictions imposed to curb the coronavirus.
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Publish Date:02/March/2021 | 20:21

600-Km Pipeline to Replace Roadways for Oil Transport

EghtesadOnline: A pipeline is being laid from Bandar Abbas in Hormozgan Province to Shiraz in Fars Province to boost delivery of petroleum products via pipelines instead of roadways, an official said.
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Publish Date:21/February/2021 | 20:10

Oil Extends Rally on Supply Disruptions

EghtesadOnline: Oil prices advanced further on Wednesday, underpinned by major supply disruption in the south of the United States this week caused by a winter storm in Texas.
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Publish Date:18/February/2021 | 20:12

Oil Jetty in Qeshm Near Completion

EghtesadOnline: An oil jetty in the Persian Gulf is near completion in Qeshm Island and will be launched in spring, head of economy and investment affairs at Qeshm Free Zone Organization said Monday.
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Publish Date:13/February/2021 | 19:45

Iran Increasing Oil Export

EghtesadOnline: Iran is exporting more oil even as sanctions remain in place, as it looks ahead to a full return to the global oil market as demand recovers from the pandemic.
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Publish Date:13/February/2021 | 19:36

Oil Major Total Buys Texas Solar Projects

EghtesadOnline: France’s oil and gas supermajor Total is buying four large-scale solar power projects plus battery storage assets in Texas, with which it plans to meet the electricity demand of all its industrial sites in the United States, including the Port Arthur refining and petrochemicals platform and La Porte and Carville petrochemical sites.
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Publish Date:07/February/2021 | 18:14

Oil Rises on Falling US Crude Stocks

EghtesadOnline: Oil prices rose on Wednesday after hitting their highest in about a year in the previous session, supported by an unexpected draw in US crude stockpiles and an OPEC+ estimate of a global oil market deficit this year.
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Publish Date:04/February/2021 | 17:10

$50b Needed to Boost Gas Output

EghtesadOnline: An estimated $50 billion is needed to develop and maintain gas fields across Iran over the next 20 years, managing director of Pars Oil and Gas Company, a subsidiary of the National Iranian Oil Company said.
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Publish Date:30/January/2021 | 19:16

Iran Oil Exports on the Rise

EghtesadOnline: Iran set the highest record of oil products export during the past three years when the country was under tough sanctions imposed by the former US administration, the Oil Minister said at the opening ceremony of the 25th Iran Oil, Gas, Refining and Petrochemical Exhibition in Tehran January 22.
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Publish Date:25/January/2021 | 19:12

Oil Near 11-Month Highs

EghtesadOnline: Oil prices held near 11-month highs on Friday and were on track for a strong weekly gain as Saudi Arabia’s pledge to cut output continued to buoy market sentiment.
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Publish Date:09/January/2021 | 18:04

Oil Rises to 11-Month High

EghtesadOnline: Oil prices rose on Wednesday to their highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers, while industry figures showed US crude stockpiles were down last week.
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Publish Date:07/January/2021 | 16:25

Canadian Oil and Gas Spending Plummets 54%

EghtesadOnline: Canada’s capital spending on its oil and gas industry fell by more than half in the second quarter as the pandemic-inspired low prices continue to burden oil and gas producers with impossible breakevens.
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Publish Date:31/August/2020 | 13:21

Brent, WTI Fall on Supply Glut Fears

EghtesadOnline: Oil prices fell on Monday on oversupply concerns as OPEC and its allies wind back production cuts in August and a rise in worldwide Covid-19 cases points to a slower pick-up in fuel demand.
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Publish Date:04/August/2020 | 24:30