tag Crude

Qeshm Crude Refinery Operational

EghtesadOnline: President Ebrahim Raisi on Friday officially launched Phase 1 of Qeshm ultra-heavy crude oil refinery in southern Hormozgan Province.
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Publish Date:15/January/2022 | 14:16

Crude Prices Dip on Storm Impact

EghtesadOnline: Oil prices slipped on Tuesday amid issues that energy outages and flooding in Louisiana after Hurricane Ida will minimize crude demand from refineries just as world producers plan to lift output.
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Publish Date:01/September/2021 | 24:56

Brent Crude Eases, But Stays Near $70

EghtesadOnline: Brent crude prices eased on Friday but hovered near $70 a barrel as production cuts by major oil producers constrained supply, with optimism about a recovery in demand for the resource in the second half of the year also lending support.
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Publish Date:13/March/2021 | 19:07

Oil Prices Rise to Highest in a Year

EghtesadOnline: Oil prices climbed on Friday to their highest levels in a year, extending a run of strong gains this week, boosted by the continued commitment of producers to hold back crude supply and positive signs of economic growth in the United States.
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Publish Date:06/February/2021 | 13:44

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

What to Watch in Commodities: Gold, 13Fs, Crude , Deals and Dogs

EghtesadOnline: Buckle up: commodities are gyrating as equity market turmoil sends ripples through everything from crude to copper. So far on Monday we’re in the green, but there’s much to look out for. Earnings season is going full tilt, and it’ll be dominated this week by gold miners including Barrick Gold Corp. just as bullion’s role as a haven comes in for scrutiny. There’s also a report from Bunge Ltd., the trading giant coveted by Archer-Daniels-Midland Co.
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Publish Date:12/February/2018 | 09:52

Crude Prices Fall Over 1%

EghtesadOnline: Oil prices fell more than 1% on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of tighter supplies on OPEC+ supply cuts.
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Publish Date:27/April/2023 | 21:12

Q1-3 Economic Growth at 3.3%

EghtesadOnline: A breakup of economic sectors by SCI shows the “industries and mines” and “services” groups registered 5.3% and 2.6% growth respectively, while “agriculture” contracted by 4.3%
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Publish Date:12/March/2023 | 21:14

Annual Crude , Petroleum Product Transfer Reaches 128 Billion Liters

EghtesadOnline: An estimated 350 million liters of oil and oil byproducts were supplied daily via pipelines in 2019, indicating a 65% rise over the last 40 years, managing director of the Iranian Oil Pipeline and Telecommunications Company said.
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Publish Date:01/October/2020 | 15:47

Crude Prices Snap 4-Day Winning Streak

EghtesadOnline: Oil prices fell for the first time in four days on Wednesday, slipping from as much as five-month highs as mounting coronavirus cases worldwide and in the United States undercut market confidence about a potential pickup in fuel demand.
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Publish Date:06/August/2020 | 18:41

OPEC+ to Pump More Crude

EghtesadOnline: From quiet skies over Europe to sparse traffic in America’s biggest cities, a recovery in global oil demand is faltering amid the resurgence in coronavirus.
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Publish Date:04/August/2020 | 24:28

When oil became waste: a week of turmoil for crude, and more pain to come

EghtesadOnline: The magnitude of how damaged the energy industry is came into full view on April 20 when the benchmark price of U.S. oil futures, which had never dropped below $10 a barrel in its nearly 40-year history, plunged to a previously unthinkable minus $38 a barrel.
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Publish Date:26/April/2020 | 14:24

Oil Glut Closes Middle East’s Largest Crude Terminal

EghtesadOnline: With the coronavirus choking fuel demand and the world awash in surplus crude, even the Middle East’s main oil-trading hub has run out of room to store unwanted barrels.
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Publish Date:14/April/2020 | 19:28

11 US Senators Want Saudis to Cut Crude Oil Production

EghtesadOnline: Republican US senators from oil states who recently introduced legislation to remove American troops from Saudi Arabia said on Saturday they had spoken with three officials from the kingdom and urged them to take concrete action to cut crude output.
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Publish Date:13/April/2020 | 18:25