Oil prices gained about 2% on Friday as Iraq voiced support for OPEC+’s oil cuts ahead of a meeting in two weeks and as some speculators covered massive short positions ahead of weekend uncertainty.
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The price of crude oil, natural gas, and gasoline has dropped more than 10% in recent weeks, but the U.S. Energy Information Administration (EIA) believes higher prices are in the future even though several economic indicators create questions.
The ongoing conflict in the Middle East, confined mainly to the Gaza region now, has caused only negligible disruption in India’s trade so far. Some sectors such as fertilizers and diamonds — both cut and polished — may see a slight, but manageable, impact, while for most others impact will be insignificant, finds a recent Crisil Ratings study.
China's oil imports from Iran have hit record highs as Iran ramps up output despite the threat of further U.S. sanctions, Reuters reported.
RoydadNaft – OPEC+ crude oil output grew 180,000 b/d in October, the latest Platts survey by S&P Global Commodity Insights found, adding supply pressures to…
The oil-producing country hosting the annual UN climate conference wants other petroleum producers to pledge to curb greenhouse gases, but critics say the plan doesn’t go far enough.
During a May wildfire that scorched a vast swath of spruce and pine forest in northwestern Canada, Julia Cardinal lost a riverside cabin that was many things to her: retirement project, gift from from her husband, and somewhere to live by nature, as her family had done for generations.
Wars almost always bring upheavals in securities, currencies, and commodities. The lack of impact from the Israel-Hamas war has been remarkable, even puzzling, especially for oil, which might be expected to have been affected most directly by the risk of a wider conflict in the Middle East.
National Iranian Oil Engineering and Construction Company (NIOEC) is tasked with operating infrastructure projects in the downstream oil sector including refining, storage, transport, and distribution of crude oil and petroleum products in Iran. With more than seven decades of work in infrastructure refining, NIOEC has developed special potential in handling such projects, rendering Iran independent of foreign companies.
Oil prices rose on Friday but are set to fall for a third week amid signs of slowing demand and as market attention turns to a key meeting of OPEC and its allies this month which will determine the group's next move on production.
OPEC+ crude oil output grew 180,000 b/d in October, the latest Platts survey by S&P Global Commodity Insights found, adding supply pressures to flagging market sentiment, as Iran and Iraq led the group's production higher.
China's oil imports from Iran have hit record highs as Iran ramps up output despite the threat of further U.S. sanctions.
The President of Iran met and talked with his Turkish counterpart on the sidelines of the 16th ECO Economic Cooperation Organization meeting.
RoydadNaft – Canada and other major fossil-fuel-producing countries are failing to meet targets to keep global warming in check, putting the world’s energy transition at…
RoydadNaft – International oil companies operating in Iraq’s semi-autonomous region of Kurdistan will not produce oil for pipeline exports until the issue of overdue payments…
Oil prices edged up on Thursday as markets shrugged off deflationary indicators in China and looked for further clues on the status of demand from the world's two biggest oil consumers.
RoydadNaft – Head of Iran’s Civil Servants Pension Fund (CSPF) Mehdi Maskani has appointed Ali Ahmadi as the CEO of the National Iranian Tanker Company.
RoydadNaft – The Director of Exploration of National Iranian Oil Company said: The presence of oil shale in Qalikouh region of Aligudarz is a…
Yesterday, the president arrived in Tajikistan to conduct negotiations, a country that can bring potential for Iran in the field of energy, and according to the former representative of Iran in OPEC, every step in the field of energy diplomacy is in the interest of Iran.
RoydadNaft – India saved roughly $2.7 billion by importing discounted Russian oil in the first nine months of this year, according to calculations based on…