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OIL PRICE CLAIMS: Iranian Oil Exports Decline As Sanctions Talk Intensifies

2 years ago

7 November 2023

12:49 PM

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.

Oil, gas industry has ‘considerable’ potential for Iran-China cooperation: Mokhber

2 years ago

7 November 2023

12:20 PM

RoydadNaft – Iran’s first vice president said on Monday oil and gas industry has a “considerable” potential for Tehran-Beijing cooperation. Addressing the 2023…

Russian oil price for India eased in September vs Aug – govt data

2 years ago

6 November 2023

2:57 PM

RoydadNaft – The average landed price of Russian oil for Indian refineries in September eased from August, according to Indian government data, indicating widening discounts.

China refiners cut oil output as thin margins, quota shortage bite

2 years ago

6 November 2023

2:55 PM

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…

Canada’s energy minister defends carbon tax carve-out for heating oil

2 years ago

6 November 2023

2:49 PM

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…

Venezuela taps oilfield firms to boost output after sanction easing

2 years ago

6 November 2023

2:46 PM

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 edges higher as Saudi Arabia and Russia stick to supply cuts

2 years ago

6 November 2023

2:41 PM

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.

Iran among Main Energy Actors in World: NIOC Chief

2 years ago

6 November 2023

2:38 PM

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, China sign petchem co-op agreement

2 years ago

6 November 2023

2:34 PM

Iran and China inked an agreement on petrochemical cooperation on Sunday.

Iran offers $250bn oil investment opportunity at China expo

2 years ago

6 November 2023

2:33 PM

RoydadNaft – The National Iranian Oil Company (NIOC) managing director opened up an opportunity for $250 billion investment in the upstream and downstream sectors within…

How The U.S. Is Pumping More Oil With Fewer Rigs

2 years ago

5 November 2023

1:40 PM

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…

Will Petrochemicals Continue To Drive Oil Demand?

2 years ago

5 November 2023

1:36 PM

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.

South Africa powers ahead with 3GW of gas projects, minister says

2 years ago

5 November 2023

1:32 PM

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…

Iran’s IGEDC setting new record by operating 10 gas compressor stations simultaneously

2 years ago

5 November 2023

1:26 PM

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 ready to export oil, gas, petrochemical services, says Mokhber in CIIE address

2 years ago

5 November 2023

1:23 PM

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.

US House easily passes bill to harden sanctions on Iranian oil

2 years ago

4 November 2023

12:42 PM

The U.S. House of Representatives easily passed a bill on Friday to bolster sanctions on Iranian oil in a strong bipartisan vote.

Canada’s Enbridge beats profit targets, eyes tuck-in acquisitions

2 years ago

4 November 2023

12:39 PM

RoydadNaft – Canada energy infrastructure company Enbridge Inc on Friday reported third-quarter profit that topped analysts’ estimates and said it sees further opportunities for…

Iran’s petchem production capacity to hit 130 mt/y by end of 7th Development Plan: NPC head

2 years ago

4 November 2023

12:26 PM

RoydadNaft – Iran’s petrochemical production capacity will soar to some 130 million tons per year (mt/y) by the end of the 7th Five-Year National Development…

India lowers Russian oil imports over high prices in October, buys more from Saudi

2 years ago

3 November 2023

12:52 PM

RoydadNaft – India’s Russian oil imports eased in October after discount prices narrowed, although supply from Saudi Arabia rose, according to preliminary data from ship…

Russia sees oil and fuel exports down by more than 300,000 bpd in November

2 years ago

3 November 2023

12:45 PM

RoydadNaft – Russia’s energy ministry said on Friday it expects the country’s exports of crude oil and petroleum products to fall in November by more…