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$50b Needed to Boost Gas Output

EghtesadOnline: An estimated $50 billion is needed to develop and maintain gas fields across Iran over the next 20 years, managing director of Pars Oil and Gas Company, a subsidiary of the National Iranian Oil Company said.
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Publish Date: 30/January/2021 | 19:16

Iran Oil Exports on the Rise

EghtesadOnline: Iran set the highest record of oil products export during the past three years when the country was under tough sanctions imposed by the former US administration, the Oil Minister said at the opening ceremony of the 25th Iran Oil, Gas, Refining and Petrochemical Exhibition in Tehran January 22.
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Publish Date: 25/January/2021 | 19:12

Oil Near 11-Month Highs

EghtesadOnline: Oil prices held near 11-month highs on Friday and were on track for a strong weekly gain as Saudi Arabia’s pledge to cut output continued to buoy market sentiment.
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Publish Date: 09/January/2021 | 18:04

Oil Rises to 11-Month High

EghtesadOnline: Oil prices rose on Wednesday to their highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers, while industry figures showed US crude stockpiles were down last week.
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Publish Date: 07/January/2021 | 16:25

Canadian Oil and Gas Spending Plummets 54%

EghtesadOnline: Canada’s capital spending on its oil and gas industry fell by more than half in the second quarter as the pandemic-inspired low prices continue to burden oil and gas producers with impossible breakevens.
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Publish Date: 31/August/2020 | 13:21

Brent, WTI Fall on Supply Glut Fears

EghtesadOnline: Oil prices fell on Monday on oversupply concerns as OPEC and its allies wind back production cuts in August and a rise in worldwide Covid-19 cases points to a slower pick-up in fuel demand.
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Publish Date: 04/August/2020 | 24:30

Iran's Top Oil Driller Reports on Nationwide Performance

EghtesadOnline: The National Iranian Drilling Company has drilled and repaired 96 onshore and offshore oil and gas wells since March 2019, the company’s deputy managing director for drilling affairs said.
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Publish Date: 26/January/2020 | 11:22

Japan, France Offer Loan for Iran’s Full JCPOA Compliance

EghtesadOnline: Japan and France have proposed a joint plan to provide Iran with a loan of about $18.4 billion to be secured by oil if Tehran returns to full compliance with the Joint Comprehensive Plan of Action on its nuclear program, Japanese media reported.
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Publish Date: 21/October/2019 | 14:04

Gas to Overtake Oil

EghtesadOnline: Natural gas will account for a major part of energy basket in Iran and the world, as it is the most prevailing source of energy.
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Publish Date: 18/July/2018 | 24:58

Gas to Overtake Oil

EghtesadOnline: Natural gas will account for a major part of energy basket in Iran and the world, as it is the most prevailing source of energy.
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Publish Date: 18/July/2018 | 24:58

Supertanker taking Iran’s oil to Baltic Sea

Iran has reportedly sent a major cargo of its crude oil to a key Polish port in the Baltic Sea in what appears to be the first Iranian crude sold into this part of the market since January's lifting of sanctions.
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Publish Date: 10/July/2016 | 09:30

Oil Rebounds as Dollar Dips

EghtesadOnline: Oil rebounded on Friday as the dollar dipped, but prices were on track for a steep weekly decline on concerns about weakening demand in China and further interest rate hikes by the US Federal Reserve.Oil rebounded on Friday as the dollar dipped, but prices were on track for a steep weekly decline on concerns about weakening demand in China and further interest rate hikes by the US Federal Reserve.
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Publish Date: 19/November/2022 | 13:25

Oil Rebounds as Dollar Dips

EghtesadOnline: Oil rebounded on Friday as the dollar dipped, but prices were on track for a steep weekly decline on concerns about weakening demand in China and further interest rate hikes by the US Federal Reserve.Oil rebounded on Friday as the dollar dipped, but prices were on track for a steep weekly decline on concerns about weakening demand in China and further interest rate hikes by the US Federal Reserve.
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Publish Date: 19/November/2022 | 13:25