RoydadNaft – Saudi Aramco on Tuesday reported a 23% fall in third-quarter net profit on the back of lower oil prices and volumes sold, marginally…
BREAKING NEWS Feed Atom
Iranian oil exports have declined for the second consecutive month in October, with the country loading 1.43 million barrels per day of crude and condensate, Bloomberg reports, citing TankerTrackers.com data. The volume loaded for export in October was 194,000 bpd lower than September and reportedly the lowest export-loading volume since July.
RoydadNaft – The secretary of Iran’s Supreme Council of Free Trade-Industrial and Special Economic Zones Hojatollah Abdolmaleki has said that investment in Iran’s free zones…
RoydadNaft – Iran’s first vice president said on Monday oil and gas industry has a “considerable” potential for Tehran-Beijing cooperation.
Addressing the 2023…
RoydadNaft – The average landed price of Russian oil for Indian refineries in September eased from August, according to Indian government data, indicating widening discounts.
RoydadNaft – China’s oil refinery utilisation rates are easing from record third-quarter levels as thinning margins and a shortage of export quotas discourage plants from…
RoydadNaft – India’s fuel consumption rose to a four-month high in October, government data showed on Monday, as increased industrial activity boosted sales during the…
RoydadNaft – Canadian Prime Minister Justin Trudeau’s decision to grant a three-year carbon tax exemption for heating oil is meant to provide targeted relief to…
RoydadNaft – Venezuela’s state-owned PDVSA is in talks with local and foreign oilfield firms to hire equipment and services that would allow it to revive…
Oil prices edged up on Monday after top exporters Saudi Arabia and Russia reaffirmed their commitment to extra voluntary oil supply cuts until the end of the year.
The chief executive of the National Iranian Oil Company (NIOC) said main actors determine the future of the world’s energy, adding that in Iran, as one of the main players, opportunities have been provided for investing $250 billion in the oil industry within the next eight years.
Iran and China inked an agreement on petrochemical cooperation on Sunday.
RoydadNaft – The National Iranian Oil Company (NIOC) managing director opened up an opportunity for $250 billion investment in the upstream and downstream sectors within…
RoydadNaft – As countries around the world face the challenges of moving away from oil to stave off the worst effects of climate change,…
RoydadNaft – U.S. crude oil production hit a monthly record in August 2023, with an average output of 13.05 million barrels per day, breaking the…
Governments are implementing bans on single-use plastics and encouraging recycling, but broader actions are needed to tackle the overall production and consumption of petrochemicals.
RoydadNaft – South Africa is accelerating plans for 3 gigawatts (GW) of gas-fired power generation to help to plug an energy deficit that is hurting…
RoydadNaft – The Iranian Gas Engineering and Development Company (IGEDC) is setting a new record in the country’s industry by operating 10 gas compressor stations…
Iran is ready to export technical and engineering services in the oil, gas, and petrochemical sectors, said First Vice President Mohammad Mokhber in the Chinese city of Shanghai on Sunday.
The U.S. House of Representatives easily passed a bill on Friday to bolster sanctions on Iranian oil in a strong bipartisan vote.