World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said on Thursday, in a major shift for the producer group that reflects the lasting impact of the coronavirus crisis on the economy and consumer habits.
The prediction from the Organization of the...
Oil prices rose more than 2% on Monday, lifted by comments from doctors for US president, Donald Trump, suggesting he could be discharged from hospital as soon as Monday, just a few days after his positive coronavirus test sparked widespread alarm.
Trump’s health update seemingly eased political...
Tehran Comprehensive Water Supply Plan, dubbed Tehran Water Ring System, will be completed by next August and all districts will have access to the same water quality, Tehran’s governor said.
While water in the northern parts of Tehran is supplied from surface water, in the southern parts of the...
Oil prices were down 3% on Friday after Donald Trump tested positive for Covid-19 and negotiators failed to agree a US stimulus package just as rising global oil output threatens to overwhelm a weak price recovery.
Brent crude slipped on the Trump news and was down $1.23, or 3%, at $39.70 a...
An estimated 350 million liters of oil and oil byproducts were supplied daily via pipelines in 2019, indicating a 65% rise over the last 40 years, managing director of the Iranian Oil Pipeline and Telecommunications Company said.
"A total of 128 billion liters of crude and petroleum byproducts...
Oil prices dipped on Monday as rising coronavirus cases upset hopes for a smooth recovery in fuel demand, with the main crude benchmarks on track for their first monthly falls in multiple months after slipping last week.
Brent crude fell 37 cents, or 0.9%, to $41.55 a barrel after dropping 2.9%...
Oil prices edged higher on Friday but were set for a weekly decline due to mounting worries about the impact on fuel demand of a widespread resurgence in coronavirus infections, as well as some concern about the likely return of exports from Libya.
Brent crude was up 30 cents at $42.24 a barrel...
The National Iranian Oil Company has signed contracts with 13 top universities for oil and gas discovery.
The contracts were signed in the presence of Bijan Namdar Zanganeh, the oil minister, and Gholamhossein Rahimi, deputy for research at the Ministry of Science, Research and Technology, in...
Oil prices fell on Monday on the potential return of output from Libya as rising coronavirus cases also added to worries about global demand, although a tropical storm heading for the US Gulf of Mexico limited losses.
Brent crude was down 33 cents, or 0.8%, at $42.82 a barrel, while US crude was...
Crude oil future prices ticked higher during the mid-morning trade in Asia Friday, as the markets continued to price in a commitment from the OPEC to ensure that the members adhere to the mandated production cuts.
ICE Brent November crude futures were trading at $43.51 per barrel, up 21 cents/b...