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Oil Heading for Biggest Weekly Fall in Months

EghtesadOnline: Oil prices fell on Friday, heading for their biggest weekly drop since at least May as expectations of more supplies spooked investors, with OPEC likely to add output to meet a potential revival in demand as more countries recover from the pandemic.
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Publish Date: 17/July/2021 | 15:19

Oil Drifts Near 2018 Highs

EghtesadOnline: Oil prices hit and then recoiled from highs last seen in October 2018 on Monday, as investors eyed the outcome of this week's OPEC+ as the United States and Iran wrangle over the revival of a nuclear deal, delaying a surge in Iranian oil exports.
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Publish Date: 29/June/2021 | 11:53

Jask Terminal Will Start Exporting Oil From June

EghtesadOnline: Following completion of a key oil export pipeline that bypasses the Strait of Hormuz, the National Iranian Oil Company will start exporting crude oil from its new terminal at Jask off the Oman Sea in June, the oil minister said.
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Publish Date: 19/May/2021 | 24:15

Infinity Galaxy Expert Analysis: Bitumen Price 2020

EghtesadOnline: 2020 was a rough year for economies and petrochemicals including bitumen market. Millions of people died because of a highly contagious virus called Covid-19. Oil, bitumen and other petrochemicals underwent a hectic situation.
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Publish Date: 20/April/2021 | 09:57

Bandar Abbas Refinery Adding Value to Output

EghtesadOnline: Bandar Abbas Oil Refinery in Hormozgan Province has increased output by 30,000 barrels of crude oil per day, the managing director said.
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Publish Date: 13/March/2021 | 19:06

Stage Set for Bigger Mokran Oil Role

EghtesadOnline: Construction of petrochemical storage tanks in Mokran (also Makran) Petro-Refinery Complex will start in the port city of Jask in southern Hormozgan Province next week.
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Publish Date: 10/March/2021 | 18:52

Oil Falls After Hitting Pandemic High $70

EghtesadOnline: Oil prices slipped on Monday after earlier climbing above $70 a barrel for the first time since the Covid-19 pandemic began after attacks on Saudi Arabian oil facilities.
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Publish Date: 09/March/2021 | 17:49

Oil Jumps on Vaccine Optimism

EghtesadOnline: Oil prices rose more than $1 on Monday, supported by optimism over Covid-19 vaccinations, a US stimulus package and growing factory activity in Europe despite restrictions imposed to curb the coronavirus.
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Publish Date: 02/March/2021 | 20:21

600-Km Pipeline to Replace Roadways for Oil Transport

EghtesadOnline: A pipeline is being laid from Bandar Abbas in Hormozgan Province to Shiraz in Fars Province to boost delivery of petroleum products via pipelines instead of roadways, an official said.
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Publish Date: 21/February/2021 | 20:10

Oil Extends Rally on Supply Disruptions

EghtesadOnline: Oil prices advanced further on Wednesday, underpinned by major supply disruption in the south of the United States this week caused by a winter storm in Texas.
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Publish Date: 18/February/2021 | 20:12

Oil Jetty in Qeshm Near Completion

EghtesadOnline: An oil jetty in the Persian Gulf is near completion in Qeshm Island and will be launched in spring, head of economy and investment affairs at Qeshm Free Zone Organization said Monday.
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Publish Date: 13/February/2021 | 19:45

Iran Increasing Oil Export

EghtesadOnline: Iran is exporting more oil even as sanctions remain in place, as it looks ahead to a full return to the global oil market as demand recovers from the pandemic.
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Publish Date: 13/February/2021 | 19:36

Oil Major Total Buys Texas Solar Projects

EghtesadOnline: France’s oil and gas supermajor Total is buying four large-scale solar power projects plus battery storage assets in Texas, with which it plans to meet the electricity demand of all its industrial sites in the United States, including the Port Arthur refining and petrochemicals platform and La Porte and Carville petrochemical sites.
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Publish Date: 07/February/2021 | 18:14

Oil Rises on Falling US Crude Stocks

EghtesadOnline: Oil prices rose on Wednesday after hitting their highest in about a year in the previous session, supported by an unexpected draw in US crude stockpiles and an OPEC+ estimate of a global oil market deficit this year.
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Publish Date: 04/February/2021 | 17:10