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Russia, Iran and Syria working to secure oil, wheat shipments to the West Asian country
Apr 18, 2021 10:24Iran, Russia and Syria have established an operations room to secure a safe and stable flow of oil supplies, wheat and some other essential materials to the West Asian country via the Mediterranean, private sources have revealed to Sputnik Arabic.
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Oil hits one-month highs as IEA, OPEC raise forecasts
Apr 15, 2021 06:27Oil prices increased on Thursday to the highest level in almost a month, after rising 5% in the previous session.
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OPEC says Iran raised crude oil output in March by 6.3%
Apr 15, 2021 01:15Iran increased its crude oil output in March by 6.3%, according to latest data by the Organization of Petroleum Exporting Countries (OPEC), as the country moves to offset cuts to production suffered in recent years because of US sanctions.
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Iran’s gasoline exports rose nearly 5-fold in year to March
Apr 11, 2021 01:01Iran’s customs office (IRICA) has posted a record five-fold increase in the value of the country’s gasoline exports for the year to late March.
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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.
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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.
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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.
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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.
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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.
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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).