oil

  • Saudis May Maintain Light Crude Prices

    Top oil exporter Saudi Arabia is expected to keep prices for the light crude grades it sells to Asia largely unchanged in October from the previous month to keep its oil competitive against other suppliers,…

  • WTI, Brent Prices Curbed by Higher OPEC Supply

    Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once US sanctions bite from November, but gains were limited by higher supply from OPEC and the United States. Brent…

  • Iran plans to contain associated gas from oilfields

    Iranian companies will build infrastructure to contain and collect associated gas from oilfields in its southern Khuzestan Province, an official at National Iranian Oil Company (NIOC) said. The NIOC will sign two contracts worth $1.2…

  • Oil madaresharghi

    Saudi Oil Output Dips Despite Promises to Pump More

    Saudi Arabia, which recently pledged oil-supply increases to tame rallying crude prices, cut production last month, according to OPEC delegates familiar with the matter. The biggest member of the Organization of Petroleum Exporting Countries pumped…

  • Oil Managers madaresharghi

    Senior Oil Managers to Serve for Max. 4 Years

    Oil Minister Bijan Namdar Zanganeh is imposing four-year term limits on all top oil managers at state-run energy companies, with the rule taking effect in October. The new order applies to managing directors, board members,…

  • Market madaresharghi

    OPEC Will Rebalance Nervous Oil Market

    The United States will continue its efforts to decrease Iran’s sales of crude oil, the Treasury Department said on Tuesday following the announcement of the unilateral US withdrawal from the nuclear deal it signed with…

  • NIOC madaresharghi

    NIOC Raises Oil Prices for June Loading

    State-owned National Iranian Oil Company raised the official selling prices for all its crude oil grades loading in June from Kharg Island and bound for Asia, a company source said Wednesday. The June official selling…

  • Saudis Worry Over Spare Oil Capacity

    Although the oil market is now in better shape than it was in 2016, there are concerns about the tight spare oil production capacity, Saudi Arabia’s Energy Minister Khalid al-Falih said. “We are concerned about…