Tuesday, 26 October , 2021
Oil Industry Archives - Page 2 of 8 - Iran News Daily
Oil Prices Recovered on Falling US Dollar 02 Sep 2020

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 24 Aug 2020

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 10 Aug 2020

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 05 Aug 2020

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 04 Aug 2020

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 16 Jul 2020

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% 14 Jul 2020

Kuwait Oil Budget Cut by 25%

State-owned Kuwait Oil Company announced a 25 percent reduction in its budget for the next five years.

Iran Complying with OPEC+ Quotas 11 Jul 2020

Iran Complying with OPEC+ Quotas

A former Iranian OPEC governor rejected claims by authorities in crude-producing countries that output of oil in Iran has exceeded a limit set by the Organization of Petroleum Exporting Countries and allies, a grouping known as OPEC+.

Iran, Iraq oil ministers discuss oil ties 16 Jun 2020

Iran, Iraq oil ministers discuss oil ties

The Minister of Oil Bijan Namdar Zanganeh in a telephone conversation with his Iraqi counterpart Ihsan Abdul Jabbar reviewed bilateral ties of Iran and Iraq on Monday.

Iran oil fields helps seizing Saudi market share in China 30 May 2020

Iran oil fields helps seizing Saudi market share in China

Given that oil demand from China has now recovered from the COVID-19 outbreak to even higher levels than before, Iran is operating at full tilt to optimize the oil available to key ally Beijing from any and all of its fields.