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Oil Rises on Weaker Dollar

EhtesadOnline: Oil prices rose on Friday on the back of a weaker US dollar, although demand concerns stemming from rising coronavirus cases and escalating US-China tensions kept a cap on prices.
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Publish Date:25/July/2020 | 14:23

Oil Gains as Vaccine Hopes Edge Out Rise in Infections

EghtesadOnline: Oil prices edged higher on Tuesday on positive news on vaccine trials, but are still within the narrow trading band of the past three weeks amid fears that new lockdowns could derail a recovery in demand.
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Publish Date:22/July/2020 | 10:34

Gas Export Not a Priority

EghtesadOnline: The three priorities of the gas industry is people’s welfare, injection into oil wells to increase efficiency, and use in industries. Export of gas is down the line in fourth place, a spokesman of the Iranian Oil, Gas and Petrochemical Products Exporters' Union said.
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Publish Date:21/July/2020 | 24:38

Petchems to Prioritize Virus Fight

EghtesadOnline: The oil minister has asked petrochemical companies to supply raw materials for products needed for battling the coronavirus.
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Publish Date:19/July/2020 | 15:26

Petrochemical Exports Help Offset 20 Percent of Oil Loss

EghtesadOnline: Export of 23 million tons of petrochemicals in the last fiscal (ended in March) helped offset at least 20% of lost oil revenues, a member of the board of directors of the National Petrochemical Company said.
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Publish Date:15/July/2020 | 08:38

Tehran Oil Refinery Expands Wastewater Infrastructure

EghtesadOnline: To help reduce consumption of piped water across the sprawling capital, the second phase of a development plan to transfer sewage from the South Tehran Wastewater Treatment Complex to Tehran Oil Refinery is underway, head of engineering department of the refinery said.
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Publish Date:08/July/2020 | 13:30

Oil Prices Mixed as Virus Spike Casts Shadow Over US Demand

EghtesadOnline: Oil prices offered up a mixed market snapshot on Monday, with Brent crude edging higher, supported by tighter supplies, while US benchmark WTI futures dropped on concern that a spike in coronavirus cases could curb oil demand in the United States.
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Publish Date:07/July/2020 | 11:04

Exxon Set for Second Consecutive Loss in Q2

EghtesadOnline: ExxonMobil may be set for its second consecutive loss in Q2 as the oil price collapse and weak refining margins will hit both the upstream and downstream divisions of the US supermajor.
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Publish Date:04/July/2020 | 24:35

Oil Prices Gain With OPEC+ Holding the Line on Supply Cuts

EghtesadOnline: Oil prices rose more than 1% on Friday, adding to gains in the previous session, after OPEC producers and allies promised to meet commitments on cutting supply and two major oil traders said demand was recovering well.
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Publish Date:20/June/2020 | 24:24

Less Flaring in Southwest Oilfield

EghtesadOnline: The Iranian Central Oil Fields Company has a project to collect and process associated petroleum gases from Dehloran oil field on a daily basis, the managing director said.
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Publish Date:16/June/2020 | 24:18

Offline Gulf of Mexico Oil Production Falls to 6.5%

EghtesadOnline: Roughly 6.5% of crude oil production in the US Gulf of Mexico remained offline on June 12 from Tropical Storm Cristobal's weekend saunter through the region, bringing the area's output closer to normalcy during what after a dozen days has already been an active hurricane season.
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Publish Date:14/June/2020 | 11:07

Iraq Will Be Committed to OPEC+

EghtesadOnline: Iraq wants OPEC+ to take into consideration the economic and living conditions of countries when assigning quotas in oil production cuts, the country's finance minister said, as OPEC's second-largest oil producer struggles to adhere to it production limits.
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Publish Date:09/June/2020 | 24:29

Oil Prices Extend Gains

EghtesadOnline: Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China’s crude imports hit an all-time high in May.
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Publish Date:09/June/2020 | 24:27

Pandemic Dislodges Oil, Gas and Petrochemical Exports

EghtesadOnline: The value of oil , gas and petrochemical exports has declined due to upheavals in the international oil market caused by the coronavirus. The massive quarantines and market closures worldwide have had a negative impact on the sales of the strategic products, a spokesman of the Iranian Oil, Gas and Petrochemical Products Exporters' Union said.
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Publish Date:18/May/2020 | 05:51

Khuzestan Producing Oil Despite Virus Resurgence

EghtesadOnline: A strong wave of coronavirus resurgence in the southern oil province of Khuzestan has not hampered crude production, the National Iranian Oil Company's deputy managing director for planning said Friday.
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Publish Date:16/May/2020 | 24:29