Oil rose above $56 a barrel on Wednesday after industry data showed US crude inventories fell unexpectedly and as concerns eased about a resurgence in coronavirus cases in China, the world’s second-biggest oil user.
Industry group the American Petroleum Institute said US crude inventories fell...
Oil prices edged up on Monday as a weaker dollar offset fresh concerns about the hit to global fuel demand from renewed lockdowns to curb the spike in Covid-19 infections.
Brent crude futures for March rose 32 cents, or 0.6%, to $55.73 a barrel, while US West Texas Intermediate crude for March...
Iran set the highest record of oil products export during the past three years when the country was under tough sanctions imposed by the former US administration, the Oil Minister said at the opening ceremony of the 25th Iran Oil, Gas, Refining and Petrochemical Exhibition in Tehran January 22...
The operation to lay offshore pipelines for Jask Oil Terminal has started, the head of the project said.
"Shore pulling operation leading to the first mooring buoy of the terminal, which is 2.5 km long, was launched on Tuesday,” Vahid Maleki was quoted as saying by the Oil Ministry news agency...
Six power projects were inaugurated in Yazd and Kerman provinces on Tuesday. Four were in Yazd and two in Kerman and will augment sustainable electricity supply to households and industries, the Energy Ministry news portal Paven reported.
The projects in Yazd include the 10 megawatt Chadormalu...
Availability of and access to water is the responsibility of those who manage this finite resource. Period. Professor Neda Torabi Farsani goes straight to the heart of the matter in her response to Financial Tribune’s emailed questions on how to address the water crisis in Iran.
“So long as...
Oil prices held steady on Monday as a better than expected quarterly rebound for China’s economy countered fears over soaring Covid-19 cases around the world and tight restrictions that could dent economic growth and fuel consumption.
Brent crude gained 3 cents, or 0.1%, at $55.13 a barrel while...
The Energy Ministry in Tehran ruled out the possibility of a cyber-strike or sabotage on the state-run Iran Power Generation, Distribution and Transmission Company’s (Tavanir) infrastructure.
“Nationwide blackouts over the last seven days have nothing to do with cyberattacks,” Mostafa Rajabi...
Projects to supply potable water to 100 villages in four provinces were inaugurated on Tuesday, the Energy Ministry news portal Paven reported.
Completed at a cost of $4.4 million, the projects will provide safe water to about 63,000 rural people, the Energy Minister Reza Ardakanian said.
“Of...
Oil prices were higher on Wednesday, with US crude gaining for the seventh straight day, after industry data showed a bigger than expected drop in inventories and investors shrugged off rising new deaths and infections in the pandemic.
US West Texas Intermediate was up 34 cents, or 0.6%, at $53....