An Iranian knowledge-based company has unveiled a Christmas Tree with a working pressure of 15,000 psi (pound per square inch).
Iranian Minister of Petroleum…
OIL Feed Atom
Iran’s Minister of Petroleum Javad Owji on Wednesday urged Iran-Russia agreements to be put into operation.
Owji met and held talks with Russian Presidential…
Under pressure from Western sanctions, Russia is exporting more fuel oil to Asia and using ship-to-ship transfers to build larger cargoes for distant markets, according to traders…
Benchmark Brent oil held above $100 a barrel on Wednesday after Saudi Arabia suggested this week that OPEC could consider cutting output, though bearish economic signals from…
The CEO of the National Iranian Oil Company (NIOC) voiced Iran’s readiness for maximum gas condensate swap, adding the country is preparing to bring its crude oil…
Potential OPEC+ production cuts mooted this week by Saudi Arabia may not be imminent and are likely to coincide with the return of Iran to oil markets…
Oil prices soared more than $3 a barrel on Tuesday after Saudi Arabia floated the idea of OPEC+ output cuts to support prices and with the prospect…
Stating that Iran is ready for the maximum gas swap, Chief Executive of the National Iranian Oil Company (NIOC) said that oil production capacity will reach more…
Turkey has increased oil imports from Russia to over 200,000 barrels per day (bpd) on average so far this year, up from 98,000 bpd over the same…
Oil prices fell 2% in volatile trading on Monday, ending a three-day streak of gains, on fears that aggressive U.S. interest rate hikes may lead to a…
The CEO of the Iranian Offshore Oil Company (IOOC) said the first stage of development of the Esfandiar joint oilfield, which is shared with Saudi Arabia, has…
Continued worries about the global economy sent crude prices to their lowest level since January despite signs of improving US demand.
West Texas Intermediate…
The Chief Executive of Iranian Offshore Oil Company (IOOC) said that the first phase of development of Esfandiar Joint Oilfield has been put atop the agenda of…
Venezuela suspended the shipments to Europe under a deal that allows them to trade oil for debt relief.
According to OilPrice, with natural gas imports…
Russia held its spot as China’s top oil supplier for a third month in July, data showed on Saturday, as independent refiners stepped up purchases of discounted…
Caspian Pipeline Consortium (CPC) has suspended oil loadings from two of three single mooring points (SPM) at its Black Sea terminal Yuzhnaya Ozereyevka for inspections, two sources…
Iran increased its oil exports in June and July and could raise them further this month by offering a deeper discount to Russian crude for its main…
Oil prices were broadly stable on Friday, retracing earlier losses, but were headed for weekly losses as concerns about a global economic slowdown weighed amid soaring inflation…
Higher oil export volumes, coupled with rising gas prices, will boost Russia’s earnings from energy exports to $337.5 billion this year, a 38% rise on 2021, according…
Oil prices gained about 3% on Thursday as robust U.S. fuel consumption data and an expected drop in Russian supply later in the year offset concerns that…