Oil and Petrochemicals
Farshad Moghimi has started the operation of the damaged line of Phase 14 of South Pars
Farshad Moghimi reported a 74% progress in the damaged line of Phase 14 of South Pars. This line will return to the coun...
Oil and Petrochemicals
Oil and Petrochemicals
The Reconstruction Progress of South Pars Refineries Reached 48%
The progress of the South Pars refineries reconstruction project has reached over 48%. With the operation of one of the...
Oil and Petrochemicals
The CEO of Payandan Company Announced the Continuation of the Reconstruction of the Damaged Refinery
Ali Ahoochehr reported on the reconstruction process of the damaged refinery and the support from the Ministry of Oil in...
Oil and Petrochemicals
Oil Prices Drop Following Trump's Review of Sanctions on Tankers
Crude oil prices fell today following news of a potential reduction in sanctions on tankers used to transport oil from V...
Oil and Petrochemicals
UAE Oil Production Reaches New Records in September
UAE oil production reached new records in September, increasing to 3.5 million barrels per day.
Oil and Petrochemicals
Brent crude oil price reached $104.42
Brent crude oil price fell by 1.6% to $104.42. West Texas Intermediate crude oil price also reached $94.11.
Oil and Petrochemicals
Tightening Oil Market Due to Increased Attacks on Tankers and Decreasing Inventories
The oil market is tightening due to increased attacks on tankers and decreasing oil inventories. Analysts are assessing...
Oil and Petrochemicals
UAE Oil Production Rises to 5.3 Million Barrels per Day in September
The United Arab Emirates' oil production reached a record 5.3 million barrels per day in September. The country has appr...
Oil and Petrochemicals
The United States Government Turns to the Defense Production Act to Increase Fuel Production in Texas
The United States government is using the Defense Production Act of 1950 to boost fuel production at a small refinery in...
Oil and Petrochemicals
Significant Decrease in Crude Oil Reserves in the United States
Crude oil reserves in the United States decreased by 11.12 million barrels in the week ending October 9. This reduction...
Oil and Petrochemicals
UAE Oil Production Reaches 5.3 Million Barrels Per Day
UAE oil production reached a record 5.3 million barrels per day in September, demonstrating the country's ability to inc...
Oil and Petrochemicals
Strengthening Natural Gas Prices Following Strong LNG Exports
Natural gas prices strengthened in most regions on Wednesday, driven by strong LNG exports and forecasts of cooling in t...