Khatam-al Anbiya Headquarters Breaks Total Co. Oil Record
The head of Khatam-al Anbiya Construction Headquarters said while Iran is under the most severe sanctions, it is getting ready to put the NGL project west of Karun in operation.
Iranian Oil Exports Jump in September
Iranian oil exports have risen sharply in September in defiance of US sanctions, three assessments based on tanker tracking showed.
Launching First Phase of Jask Oil Terminal by March: Project official
The first phase of Iran’s key oil terminal in Jask region on the Sea of Oman will become operational by March 2021, said a project contractor on Tuesday.
Oil Prices Recovered on Falling US Dollar
Oil prices recovered on Tuesday, erasing overnight losses, as investors moved into risk assets and away from the safe-haven US dollar which tumbled to multi-year lows.
Iranian President Inaugurates New Energy Projects
Iranian President Hassan Rouhani on Monday inaugurated three large projects in the oil, gas and petrochemical industries.
Aramco Profits Cut by 73%, Battered by Pandemic
Energy giant Saudi Aramco said on Sunday its second-quarter profits plunged a massive 73 percent due to sharply lower oil prices as the coronavirus pandemic crisis undercuts global demand.
OPEC Must Save Oil Market As Industry Sees Crisis
OPEC could be preparing for hard days as expectations rise for prolonged demand destruction caused by the coronavirus pandemic.
Oil Industry on Track Despite Sanctions, Zanganeh Says
Iran’s oil industry activities have been going on strongly in the past two years since the US pulled out of the nuclear deal and reimposed sanctions.
OPEC+ To Ease Oil Cuts from August
OPEC and allies such as Russia will ease record oil supply curbs from August as the global economy slowly recovers from the coronavirus pandemic.
Kuwait Oil Budget Cut by 25%
State-owned Kuwait Oil Company announced a 25 percent reduction in its budget for the next five years.