• Wed. Aug 10th, 2022

Latest News of Oil, Gas and Petrochemical industry

Iraq tries to boost gas import from Iran

The chairman of Iran-Iraq Joint Chamber of Commerce said that Iraq tries to increase import of gas from Iran. Yahya Al-e Es’haq made the remarks while mentioning the economic relations…

MP Says Petro-refineries Could Safeguard Iran Against Sanctions

A member of the Energy Committee of the Islamic Assembly considered the construction of petro-refineries as one of the defense tools to fight the sanctions, and said: “Directing liquidity towards…

Oil prices bounce around on Russian pipeline constraints, recession fears

Oil prices see-sawed on Tuesday, as worries that a slowing economy could cut demand vied with news that some oil exports had been suspended on the Russia-to-Europe Druzhba pipeline that…

Ukraine halted oil flows to Europe over payment issue, Russia’s Transneft says

Ukraine has suspended Russian oil pipeline flows to parts of central Europe since early this month because Western sanctions prevented it from accepting transit fees from Moscow, Russian pipeline monopoly…

Crude Oil Lower; Resumption of Iranian Nuclear Talks Weighs

Oil prices fell Monday, extending last week’s hefty losses, amid persistent concern about weakening demand with the Federal Reserve likely to continue its aggressive monetary tightening. By 9 AM ET…

Japan intends to keep stake in Sakhalin-1 oil project, industry minister says

Japan intends to keep a stake in the Sakhalin-1 oil and gas project in Russia, industry minister Koichi Hagiuda said on Monday, after Russia temporarily banned Western investors from selling…

Spanish government insists on energy savings plan despite opposition

Spain’s government said on Monday that an energy saving plan approved last week will not be postponed and is mandatory, despite calls by the opposition and regional chiefs for it…

U.S. fuel retailers rail against green aviation fuel tax credit

U.S. fuel retailers are fighting the inclusion of a tax credit for sustainable aviation fuel (SAF) in Democrats’ $430 billion spending bill, arguing SAF is more carbon intense and less…

Goldman sees strong case for higher oil prices despite negative shocks

Goldman Sachs said the case for higher oil prices was still strong with current supply shortfalls well above its expectations in recent months, despite a recent retreat led by factors…

Russia Becomes Second-Biggest Crude Oil Supplier To India, Surpasses Saudi Arabia

India’s crude import bill increased to $47.5 billion in the second quarter after a surge in global prices coincided with rebounding fuel demand In order to increase the market share…