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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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Second phase of the Revolution: Leap in production
Feb 22, 2021 07:01Natural resources and mines, as a very important part of national assets of a country, play the role of engines for leap in production and economic growth. These resources are capable of turning into funds and an optimal use of them can secure independence of a country, plenitude of products and buttress national revenues and per capita income.
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Fossil fuel pollution caused nearly 1 in 5 premature deaths in 2018, study finds
Feb 17, 2021 06:01Researchers at universities in the U.K. and at Harvard University estimated that, in 2018, 8.7 million people died prematurely due to pollution released by fossil fuels, or about 18 percent of total global deaths that year.
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Massive losses should be a warning to Big Oil that its bonanza is over
Feb 13, 2021 02:34The crushing decline of the oil industry during the COVID-19 pandemic may be unprecedented, but it is also a foreseeable outcome for fossil fuel producers in the years ahead. The race to create clean-burning biofuels and hydrogen to propel aircraft and seaborne tankers is gaining pace. At the same time, electric vehicles are accelerating into the mainstream.
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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).
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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.
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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.
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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.
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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.