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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

Iran's Top Oil Driller Reports on Nationwide Performance

EghtesadOnline: The National Iranian Drilling Company has drilled and repaired 96 onshore and offshore oil and gas wells since March 2019, the company’s deputy managing director for drilling affairs said.
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Publish Date:26/January/2020 | 11:22

Japan, France Offer Loan for Iran’s Full JCPOA Compliance

EghtesadOnline: Japan and France have proposed a joint plan to provide Iran with a loan of about $18.4 billion to be secured by oil if Tehran returns to full compliance with the Joint Comprehensive Plan of Action on its nuclear program, Japanese media reported.
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Publish Date:21/October/2019 | 14:04

Gas to Overtake Oil

EghtesadOnline: Natural gas will account for a major part of energy basket in Iran and the world, as it is the most prevailing source of energy.
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Publish Date:18/July/2018 | 24:58

Supertanker taking Iran’s oil to Baltic Sea

Iran has reportedly sent a major cargo of its crude oil to a key Polish port in the Baltic Sea in what appears to be the first Iranian crude sold into this part of the market since January's lifting of sanctions.
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Publish Date:10/July/2016 | 09:30

Oil Rebounds as Dollar Dips

EghtesadOnline: Oil rebounded on Friday as the dollar dipped, but prices were on track for a steep weekly decline on concerns about weakening demand in China and further interest rate hikes by the US Federal Reserve.Oil rebounded on Friday as the dollar dipped, but prices were on track for a steep weekly decline on concerns about weakening demand in China and further interest rate hikes by the US Federal Reserve.
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Publish Date:19/November/2022 | 13:25

Oil Spill Poses Challenge in Chaharmahal-Bakhtiari Province

EghtesadOnline: It will take at least 15 years to clean up the environmental harm caused by the oil slick in Ardel Country in Chaharmahal-Bakhtiari Province where an old pipeline burst, head of the provincial office of the Department of Environment (DoE) said.
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Publish Date:15/December/2020 | 15:38

NIOC Could Double Oil Output if US Siege Is Lifted: Zanganeh

EghtesadOnline: The National Iranian Oil Company aims to produce 4.5 million barrels a day of oil and gas condensate in the next calendar year starting on March 21, the oil minister told lawmakers on Saturday.
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Publish Date:15/December/2020 | 15:31

Brent, WTI Prices Stumble

EghtesadOnline: Oil prices fell on Monday as a continued surge in coronavirus cases globally forced a series of renewed lockdowns, including strict new measures in Southern California in the United States, the world’s top oil consumer.
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Publish Date:08/December/2020 | 16:16

Oil Dependency in New Budget Is Unwarranted

EghtesadOnline: Return of normalcy to Iran’s oil export after US president-elect Joe Biden takes office in January and eases the economic siege is way off, a deputy head of the Iran Chamber of Commerce, Industries, Mines, and Agriculture's Exports Commission said.
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Publish Date:06/December/2020 | 19:56

OPEC+ Panel Sees Weaker Oil Demand in 2021

EghtesadOnline: OPEC and its allies have revised oil demand scenarios for 2021 with demand seen weaker than previously anticipated, a confidential document seen by Reuters shows, supporting the case for a tighter supply policy next year.
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Publish Date:18/November/2020 | 14:40

2021-22 Budget Bill Forecasts Oil Export of 650,000 bpd

EghtesadOnline: The budget bill of fiscal 2021-22 has projected an export of 650,000 barrels per day of crude oil , the deputy head of Plan and Budget Organization said on Monday.
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Publish Date:18/November/2020 | 14:22

Oil Climbs Higher on China, Japan Rebound

EghtesadOnline: Oil prices climbed on Monday, recouping some losses from the previous session as hopes that OPEC+ will hold current output curbs offset concerns over weaker fuel demand due to growing coronavirus infections and higher production in Libya.
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Publish Date:17/November/2020 | 15:06

Refiners in Iran Playing Bigger Role in Economy

EghtesadOnline: Refineries in Iran are operating at full capacity converting two million barrels of crude oil into petroleum products a day, the secretary-general of Oil Refining Industry Cooperative Association said.
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Publish Date:15/November/2020 | 15:58

Oil Falls as Covid-19 Infections Spread, Raise Demand Concerns

EghtesadOnline: Oil fell more than 2% on Monday, extending last week’s losses as growing cases of Covid-19 in the United States and Europe raised worries about crude demand, while the prospect of increased supply also hurt sentiment.
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Publish Date:27/October/2020 | 24:21

IRENEX Trade Earns $100m in 1 Month

EghtesadOnline: Oil byproducts worth $100 million were traded in the international ring of the Iran Energy Exchange in the month to October 18.
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Publish Date:22/October/2020 | 19:52

OPEC: Oil Demand to Plateau in Late 2030s

EghtesadOnline: World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said on Thursday, in a major shift for the producer group that reflects the lasting impact of the coronavirus crisis on the economy and consumer habits.
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Publish Date:10/October/2020 | 16:19