Oil and Petrochemicals
G7 Decides to Release 100 Million Barrels of Oil to Address Diesel Crisis
The G7 group and its partners have decided to release 100 million barrels from emergency diesel and crude oil reserves o...
Oil and Petrochemicals
Oil and Petrochemicals
3% Decrease in Brent Crude Oil Prices and 3.62% Decrease in WTI Oil Prices
The price of Brent crude oil reached $99.48 following the European Union's negotiations to draw from reserves. The price...
Oil and Petrochemicals
Majid Najarian Records a New Experience in Operating an ESP Pump with a Capacity of 2,000 Cubic Meters
Majid Najarian announced the use of ESP pumps with a capacity of 2,000 cubic meters per day in the Cheshmeh-Khosh, Dalpa...
Oil and Petrochemicals
TotalEnergies Announces $14 to $17 Billion Investment Plan for Natural Gas Production Growth
TotalEnergies plans to spend between $14 to $17 billion annually from 2027 to 2032 to increase energy production and LNG...
Oil and Petrochemicals
China Halts Fuel Exports Until Further Notice
China has halted fuel exports, which could put additional pressure on the global fuel market. PetroChina has canceled so...
Oil and Petrochemicals
Iran's Oil Decline and Its Impact on the Global Market and China
Iranian oil is increasingly disappearing from the market while China, its largest buyer, faces new challenges.
Oil and Petrochemicals
The Revival of Venezuela's Oil Industry Accelerated by the Return of Foreign Companies
At the Venezuela International Oil and Gas Conference, foreign companies expressed interest in investing in the country'...
Oil and Petrochemicals
Ministry of Oil Seeks to Strengthen Energy Cooperation with Azerbaijan and Russia
The Ministry of Oil is pursuing energy diplomacy focused on oil and gas cooperation with Azerbaijan and economic agreeme...
Oil and Petrochemicals
Revival of Damaged Infrastructure of the Ministry of Oil in Golestan Province
The Ministry of Oil has revived the damaged infrastructure following enemy attacks with precise planning. The country's...
Oil and Petrochemicals
Tullow Oil Loses in Tax Dispute in Ghana
Shares of Tullow Oil dropped by 50% after losing a tax arbitration case in Ghana. This decision negatively impacts the c...
Oil and Petrochemicals
Russia Extends Diesel Export Ban Until October 31
The Russian government has extended the ban on diesel, marine fuel, and gasoil exports until October 31. This action is...
Oil and Petrochemicals
Monjasa Strengthens Fuel Supply Operations in Cartagena
Monjasa has strengthened its fuel supply operations in Cartagena with two new barges. These barges successfully passed t...