-
Indian refiners preparing to resume crude imports from Iran: Source
Apr 08, 2021 13:06A senior Indian official says New Delhi would not hesitate to resume crude imports from Iran.
-
US fossil-fuel firms laid off 1000s after receiving billions in tax benefits
Apr 04, 2021 02:58Major US Fossil-fuel corporations have laid off tens of thousands of workers during the COVID-19 pandemic despite receiving billions of dollars in tax breaks from the government as part of its coronavirus relief measures, a report reveals.
-
Oil prices surge after Yemen’s missile attack on Saudi facilities
Mar 08, 2021 13:50Oil prices have witnessed a sharp rise to above 70 dollars a barrel following the latest drone and ballistic missile attacks by Yemen's army and the Popular Comittees' fighters on Saudi oil facilities and military targets.
-
US oil production falls 1.1 million bpd after deadly Texas freeze
Feb 26, 2021 04:40US crude oil production dropped by more than 1 million barrels per day last week during Texas’s deep freeze, equalling the largest weekly fall ever, and refining runs tumbled to levels not seen since 2008, the Energy Information Administration said on Wednesday.
-
Iran says annual petchem output expected to surge by 9%
Feb 24, 2021 01:56The Iranian Oil Ministry expects output of petrochemical products will surge by nine percent for the year ending March 20.
-
Iran OPEC’s biggest gasoline producer: Official
Feb 05, 2021 09:53A deputy oil minister said Iran needs to reduce the domestic gasoline consumption by switching to vehicles fueled by compressed natural gas (CNG) in order to maintain its place as the largest producer of gasoline in the Organization of the Petroleum Exporting Countries (OPEC).
-
India to resume crude imports from Iran if US bans eased: Oil company chief
Feb 04, 2021 13:18Chairman of India’s state-run Hindustan Petroleum Corp suggests that the country would not hesitate to resume crude imports from Iran once the United States eases its illegal sanctions on Tehran and allows shipments be purchased by Indian refineries.
-
Oil falls on COVID-19-induced demand worries, stronger dollar
Jan 28, 2021 09:30Oil fell on Thursday on fresh fuel demand worries because of travel curbs to prevent new coronavirus outbreaks and delays with vaccines and a stronger US dollar weighed on prices.
-
Syrians protest Kurdish militants’ siege in Hasakah province
Jan 28, 2021 09:25Local residents in Syria’s northeastern province of Hasakah have staged rallies in support of the Syrian government and censured the US-backed Kurdish militants’ siege of government-controlled areas in the Kurdish-majority city of Qamishli and the provincial capital.
-
Iran building 30-million-barrel strategic reserves
Jan 26, 2021 08:07Iran has decided to build strategic reserves for 30 million barrels of oil as a buffer against the impact of the illegal US sanctions, the CEO of the company in charge of the project said.