Saturday, 16 January , 2021
OIL Archives - iran news daily iran news now
The Real Crisis For Oil is Yet To Come 09 Jan 2021

The Real Crisis For Oil is Yet To Come

Italian energy major, Eni, described 2020 as a “year of war”, regarding the energy crisis experienced in the face of a global pandemic. But it may be too soon to see the issues faced last year as a thing of the past.

Oil Steadies Near $50 After Surging on Surprise Saudi Output Cut 06 Jan 2021

Oil Steadies Near $50 After Surging on Surprise Saudi Output Cut

Oil steadied in Asia after surging to a 10-month high on Saudi Arabia’s pledge to cut an extra 1 million barrels a day of crude output in February and March as a rampant coronavirus leads to more lockdowns.

Steam Unit of Phase 14 of SP Ready for Production 03 Jan 2021

Steam Unit of Phase 14 of SP Ready for Production

The operator of the phase 14 development project of South Pars Mr. Mohammad Mehdi Tavasoli-Pour said that the steam unit of the phase 14 is ready for production,

National Economy Has Been Politicized 16 Dec 2020

National Economy Has Been Politicized

Minister of Finance and Economic Affairs Farhad Dejpasand says national economy is grappling with politicization and the only cure for it is the interaction and professional performance with calmness.

No Permission Needed to Return to Oil Market 15 Dec 2020

No Permission Needed to Return to Oil Market

Stating that the export of 2.3 million barrels is possible, Minister of Oil Bijan Zanganeh said that Iran does not need permission to return to oil markets.

Oil Prices Towards $50 On OPEC+ Agreement 07 Dec 2020

Oil Prices Towards $50 On OPEC+ Agreement

OPEC+ managed to seal a compromise deal over its oil production policy early next year, presenting a united front of a unanimous decision after days of disagreements.

Gov’t Predicts Oil Sales of Up to 2.3m bpd Next year 06 Dec 2020

Gov’t Predicts Oil Sales of Up to 2.3m bpd Next year

Mohammad Baqer Nobakht says Iran is fully ready to export 4.6m bpd of crude oil in case the sanctions are lifted by the U.S. but in the budget bill, it is predicted the country to sell between 1 to 2.3m bpd next year.

Iran-Europe Business Forum to Be Held in Mid-December 22 Nov 2020

Iran-Europe Business Forum to Be Held in Mid-December

An Adviser to the Trade Promotion Organization of Iran said that the Iran-Europe Business Forum will be held in mid-December to increase Iran's non-oil exports.

Oil climbs higher, hopes of OPEC+ 16 Nov 2020

Oil climbs higher, hopes of OPEC+

The group, also known as OPEC+, has been cutting production by about 7.7 million barrels per day, with a compliance rate seen at 101% in October, and had planned to increase output by 2 million bpd from January.

60,500 Tons of Cement Exported to Kuwait 11 Nov 2020

60,500 Tons of Cement Exported to Kuwait

The first shipment of 60,500 tons of cement was exported to Kuwait from Iran's Parsian city.