Oil and Petrochemicals
Decrease in Brent and WTI Crude Oil Prices Following Increase in Russian Supply
The price of Brent crude oil reached $107.57 and WTI crude oil in the U.S. reached $99.46. The increase in Russian fuel...
Oil and Petrochemicals
Oil and Petrochemicals
A One Billion Dollar Contract Signed by Iran's Offshore Oil Company for the Purchase of Services for 4 Offshore Drilling Rigs
Iran's Offshore Oil Company has signed a one billion dollar contract for the purchase of services for four offshore dril...
Oil and Petrochemicals
Contract for the purchase of four offshore drilling rigs signed with the Iranian Offshore Oil Company
Four offshore drilling rigs will be added to the fleet of the Iranian Offshore Oil Company, resulting from the collabora...
Oil and Petrochemicals
Kambiz Safti announced the enhancement of safety in the gas condensate tanks of the fifth refinery
The project for the interconnection system of gas condensate storage tanks at the fifth refinery was implemented to enha...
Oil and Petrochemicals
Offering 589 Thousand Tons of Products in the Commodity Exchange Including Steel and Cement
On Tuesday, October 19, 2026, the Iranian Commodity Exchange will offer more than 589 thousand tons of products in vario...
Oil and Petrochemicals
South Pars and the Reconstruction of Facilities for Sustainable Gas Supply in Winter
The reconstruction of damaged facilities at South Pars has begun with the aim of reviving gas production capacities for...
Oil and Petrochemicals
Middle Eastern exporters have turned to a $30 discount to maintain demand
Middle Eastern exporters have resorted to heavy discounts due to high transportation costs and declining profit margins...
Oil and Petrochemicals
Oil Prices Drop Following Trump and Putin Agreement on Diesel Supply
Crude oil prices faced a decline at the beginning of the week due to an agreement between the presidents of Russia and t...
Oil and Petrochemicals
EIA Predicts Reduction in Oil Shortage in 2026
The U.S. Energy Information Administration has lowered its forecast for oil shortages in 2026. This change was announced...
Oil and Petrochemicals
Congratulations from the Acting Minister of Oil to Mehrdad Akhlaghi on His Appointment as Minister of Defense
Hamid Bord, the Acting Minister of Oil, congratulated Mehrdad Akhlaghi on his appointment as Minister of Defense and rec...
Oil and Petrochemicals
The U.S. Government Signed a Diesel Export Agreement with Russia
The United States government signed a diesel export agreement with Russia and postponed new sanctions. This action was t...
Oil and Petrochemicals
Venezuela Predicts $76 Billion Investment in Oil Industry
Venezuela expects to invest nearly $76 billion in its oil and gas sector over the next five years. This news was announc...