Oil and Petrochemicals
National Iranian Oil Company to Begin Early Gas Production from Pazan Field
National Iranian Oil Company is ready to commence early gas production from the Pazan field following the discovery of n...
Oil and Petrochemicals
Oil and Petrochemicals
Natural Gas Futures Prices Drop as Storage Season Begins
Natural gas futures prices fell on Monday due to a drop in temperatures and the start of annual maintenance at the Cove...
Oil and Petrochemicals
The reduction of production downtime at South Pars platforms resulted in a savings of $5 million
The reduction of repair time for the gas platforms at the South Pars joint field, with the establishment of a specialize...
Oil and Petrochemicals
President's Appreciation of the Ministry of Oil for Positive Performance
The Ministry of Oil was praised by the President for achieving second place in the evaluation and performance monitoring...
Oil and Petrochemicals
Increase in Oil Transportation Rates Following Houthi Threats in Bab al-Mandab Strait
Major oil carriers have avoided the Bab al-Mandab Strait due to Houthi threats, leading to an increase in transportation...
Oil and Petrochemicals
LNG and LPG Freight Rates Are Rising
The LNG transportation market experienced a significant improvement last week, with rates strengthened due to rising LNG...
Oil and Petrochemicals
Decrease in B30-VLSFO Prices at Global Ports and Its Impacts
The price of B30-VLSFO at various global ports has experienced significant declines. These changes could have profound e...
Oil and Petrochemicals
6% Increase in Bunker Calls in Gibraltar in August
In August 2026, Gibraltar recorded 476 bunker calls, a 6% increase compared to last year. This number indicates stronger...
Oil and Petrochemicals
Saudi Arabia Creates New Route for Oil Exports from the Strait of Hormuz
Saudi Arabia, by launching shuttle services from the Strait of Hormuz, seeks to maintain its oil exports amid danger and...
Oil and Petrochemicals
Oil Price Drops to $101.99 Amid Hopes for U.S.-Iran Diplomacy
Brent crude oil price fell by 1.8% to $101.99 per barrel. Recent Houthi attacks on Saudi Arabia have raised concerns abo...
Oil and Petrochemicals
Decline of Saudi Arabia's Reserves and Its Impact on the Global Oil Market
The decline in Yanbu inventories and the east-to-west pipeline issues in Saudi Arabia have put pressure on the global oi...
Oil and Petrochemicals
Signing of the Integrated Operation Services Contract for 55 Azadegan Wells
The integrated operation services contract for 55 wells in the Azadegan oil field was signed by the Arvand Azadegan Oil...