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Call for Rewriting Iran Oil Contracts

EghtesadOnline: New oil and gas projects cannot be developed under sanctions unless new contracts are designed, a senior energy analyst and former head of Iran's Petroleum Contracts Committee said.
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Publish Date:29/July/2019 | 11:04

IEA Sees Oil Market Oversupply in 2019

EghtesadOnline: Surging US oil output will outpace sluggish global demand and lead to a large stocks buildup around the world in the next nine months, the International Energy Agency said on Friday.
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Publish Date:13/July/2019 | 24:02

OPEC Output Hits Five-Year Low

EghtesadOnline: OPEC oil output sank to a new five-year low in June as a rise in Saudi supply did not offset losses in Iran and Venezuela due to US sanctions and other outages elsewhere in the group, a Reuters survey found.
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Publish Date:07/July/2019 | 11:22

Russians, Saudis Agree to Maintain Oil Cuts for 9 Months

EghtesadOnline: Russian President Vladimir Putin said he agreed with Saudi Crown Prince Mohammed bin Salman to extend the OPEC+ deal at current production levels for the rest of this year and potentially into early 2020.
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Publish Date:30/June/2019 | 11:18

Oil Posts Biggest Monthly Drop in 6 Months

EghtesadOnline: Oil slumped over 3% on Friday and posted its biggest monthly drop in six months, after US President Donald Trump stoked global trade tensions by threatening tariffs on Mexico, a key US trade partner and major supplier of crude oil .
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Publish Date:02/June/2019 | 08:36

Iran to Offer 13 Oil, Gas Blocks

EghtesadOnline: The National Iranian Oil Company is interested in working with local firms willing to take a reasonable amount of risk, including uncertainty in international markets, tech issues, project-related challenges and difficulties emanating from natural disasters.
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Publish Date:20/May/2019 | 08:45

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