The advisor to the CEO and the head of the social responsibility secretariat of the National Petrochemical Company (NPC) announced a 44% drop in the volume of…
ECONOMY Feed Atom
Making the case is Natasha Kaneva, head of commodities strategy at J.P. Morgan . She expects a shift of several factors to lift the barrel price, which has been stuck between $80…
Brent crude futures gained 16 cents, or 0.2 per cent, to $90.62 per barrel by 0020 GMT, while US West Texas Intermediate (WTI) crude futures were up…
UK ministers are facing legal action after confirming more than 100 new oil and gas licences will be opened up in the North Sea next month.
Petrochemicals group Ineos is to develop an oil and gas field in Denmark after the country’s first approval of such a project in years.
Oil rose on Thursday on supply concerns and as a Bank of England interest rate hike defied some expectations of a larger increase.
Brent…
Britain on Thursday formally lifted a moratorium on fracking for shale gas in England that has been in place since 2019, saying strengthening the country’s energy supply…
The Director of Iran Plast International Exhibition said: “This year, in the 16th Iran Plast Exhibition, the record of previous showcases was broken, both quantitatively and qualitatively.”
Capacity of Iran’s petrochemical industry will have over twofold increase within next ten years, a senior Iranian official announced on Wednesday.
Morteza Shah-Mirzaei, Managing…
TEHRAN, Sep. 21 (MNA) – The Iranian oil minister said Wednesday that Iran has been exporting petroleum products to Lebanon since last year, and since then, the…
The CEO of the National Iranian Drilling Company (NIDC) said: With the provision of three offshore drilling rigs, the company’s presence in the Persian Gulf waters will…
Iran daily newspaper quoted an informed source in the Ministry of Petroleum that Iran’s first overseas refinery has begun operating in the Latin American country.
The Iranian oil minister said that he held talks with the head of China energy company Sinopec office in Tehran to attract their investment to develop the…
The Iranian Embassy in Beirut announced that Tehran is ready to send fuel ships to Lebanon within weeks to help the crisis-hit nation run its power plants.
Ex-Soviet Moldova has selected seven companies to secure gas from next month should supply from Russia’s Gazprom (GAZP.MM), be disrupted, a senior government official said.
Oil prices dipped on Tuesday, following other risk assets lower, as the dollar stayed strong and investors anticipated more central bank interest-rate hikes designed to quell inflation.
This week saw the European Commission’s President Ursula von der Leyen do something that would have probably been considered the opposite of democracy just a few years ago.
The meeting noted the high dependency of member states on oil and gas products and agreed to step-up regional multilateral cooperation to mitigate supply disruptions
German buyers on Monday briefly reserved capacity to receive Russian gas via the Nord Stream 1 pipeline for the first time since the line was shut down…
REUTERS FORECAST CHANGE FOR WEEK ENDED 09/16/22ACTUAL FOR WEEK (EIA) ENDED09/09/22CHANGE VS PREVIOUS WEEKYR-AGO CHANGE WEEK ENDED 09/17/21CRUDE2.3 MLN429.6 MLN2.4 MLN-3.5 MLNDISTILLATE-0.5 MLN116.0 MLN4.2 MLN-2.6 MLNGASOLINE-0.9…