S. Arabia’s Falih: 50% of Excess Oil Remain
madaresharghi The world will still have a surplus of oil by the end of March 2018, Saudi Arabia’s energy minister said on Thursday, signaling a willingness to extend output cuts ...
Essar’s Oct. Iran Oil Imports Fall
madaresharghi Indian private refiner Essar Oil’s imports from Iran fell by about 27% in October from a year ago to about 183,000 barrels per day as the company diversifies its ...
IEA: US to See Most Crude Output Growth in 10 Years
madaresharghi The United States is expected to account for more than 80% of global oil production growth in the next 10 years and it will produce 30% more gas than ...
Green Bond Deals Exceed Record $100 Billion in 2017
madaresharghi Global green bond deals are expected to top the $100 billion mark on Thursday and hit a new record, putting them on track to reach $130 billion by the ...
Plan to Raise Ethylene Output at Kavian Complex
madaresharghi Kavian Petrochemical Complex, one of Iran's largest ethylene producers, has embarked on technical feasibility studies to increase its ethylene output by 10-15%. The drive comes on the back of ...
Global Nuclear Capacity to Rise
madaresharghi Global nuclear capacity will rise from 413 GW at the end of 2016 to 516 GW in 2040 under the most likely scenario, according to the International Energy Agency's ...
South Pars Phase 13 Completion in 2018
madaresharghi Phase 13 of the South Pars Gas Field in the Persian Gulf is scheduled for launch next year, an important piece of Iran's production plan from the world's largest ...
South Korea's Iran Crude Imports Fall in October
madaresharghi South Korea’s imports of Iranian crude oil fell 9.5% in October from the previous month, as the Middle Eastern country cut crude and condensate exports to Asia due to ...
Caspian Oil Swap Steady
madaresharghi Operations to swap the fifth batch of crude oil consignment from the Caspian Sea littoral states to the port of Neka in northern Iran with deliveries in the Persian ...
Brent, WTI Prices Slide
madaresharghi Oil prices fell by 1% on Wednesday, continuing Tuesday’s slide after the International Energy Agency cast doubts over the past few months’ narrative of tightening fuel markets. Brent crude ...