By the end of the current fiscal year in March, on average, every three weeks one wastewater treatment plant will be launched in Iran and a water treatment plant will come online every month, director of the National Water and Wastewater Engineering Company of Iran (Abfa)
Hamidreza Janbaz said...
OPEC and its allies have achieved the oil-market equivalent of a high-wire act: increasing supply even as demand remains depleted, without crashing prices.
Whether they can successfully continue the balancing act is unclear, Bloomberg reported.
The coalition of producers led by Saudi Arabia and...
The National Iranian South Oil Company and Iran Central Oil Fields Company -- both subsidiaries of the National Iranian Oil Company -- signed contracts with 14 domestic oil and gas companies on Monday to develop eight oilfields.
According to the Oil Ministry news agency, production, maintenance...
Oil prices rose on Monday following news China plans to ship large volumes of US crude in August and September, which outweighed concerns over a slowdown in demand recovery after the coronavirus pandemic and an uptick in supplies.
Brent crude added 32 cents, or 0.7%, to $45.12 a barrel, while US...
A few dots near the bottom corner of the world map in the southern Atlantic, the Falkland Islands were once at the forefront of a new era for the oil industry as companies scoured the planet for resources.
Yet a decade after the discovery of as much as 1.7 billion barrels of crude in surrounding...
Oil slipped further below $45 a barrel on Friday, giving up this week’s gains, under pressure from doubts about demand recovery due to the coronavirus pandemic and rising supply.
Brent crude was 29 cents, or 0.7%, lower at $44.67, heading for a flat week. US West Texas Intermediate slipped 25...
The International Energy Agency lowered its global oil demand forecasts for the first time in several months in its latest report, as the number of Covid-19 infections remains high and amid ongoing weakness in the aviation sector.
In a closely-watched monthly report, the IEA said it now sees...
The coronavirus pandemic has exposed some hard truths to the world’s largest oil and gas majors, energy analysts have told CNBC, with many reeling after historic second-quarter losses laid bare the financial frailty of the industry.
“Big Oil” companies, referring to the world’s largest oil and...
Oil prices moved higher on Wednesday after an industry report showed that US inventories of crude fell more than analysts expected, bolstering hopes that fuel demand in the world’s biggest economy can weather the coronavirus pandemic.
Brent crude was up 52 cents, or 1.2%, at $45.02 a barrel,...
Iraq made its strongest commitment yet to implement deep cuts in crude production after the country’s oil minister and his Saudi counterpart held a phone call late Saturday.
OPEC’s second-biggest producer -- and a long-time laggard in meeting oil-output quotas -- has faced mounting pressure to...