Oil prices rose on Friday, hitting three-month highs after data showed record online spending by US consumers even before the hoped-for end to the trade war between Washington and Beijing.
Brent crude futures were up 6 cents, or 0.1%, at $67.98 a barrel, after rising to as high as $68.10, the...
Gasoline consumption in the eighth fiscal month that ended on December 22 was 75 million liters per day, data released by the National Iranian Oil Products Distribution Company show.
This is a 16% decline compared to the same month last year (90 ml/d), ISNA reported.
Referring to provinces in...
The Energy Ministry has 46 power, water and wastewater projects in cities and villages of Khorasan Razavi Province, the minister said Monday.
“With $1.5 billion investment, the projects have made 51% progress and most are expected to come on line by 2022,” Reza Ardakanian was quoted as saying...
The Tehran government’s protestations about fuel smuggling from the eastern and southern borders have become a permanent feature. So has the inability and unwillingness of those in charge to put an end to this wholesale corruption inflicting colossal economic loss for too many years.
Reports by...
China appears likely to add Norway into the list of its regular crude oil suppliers in 2020, with the country's independent refiners especially finding North Sea's new Johan Sverdrup crude attractive for its competitive price and familiar specification.
Norway became a top 10 crude supplier to...
Oil prices fell slightly on Friday but were still set for a third straight weekly gain after easing US-China trade tensions lifted business confidence and the outlook for global economic growth.
Brent was down 7 cents at $66.47 a barrel, equivalent to a weekly rise of around 2%, Reuters reported...
Selling one million barrels of oil a day as forecast in the March 2019-20 budget bill is wishful thinking in the absence of robust diplomatic relations with neighbors and the world, a member of the Majlis Energy Commission said.
“There is a direct link between crude oil sales and the quality of...
Since the beginning of the year (March), 10 oil tankers were repaired in Bandar Abbas Ship Repair Yard (in southern Hormuzgan Province) and work continues on two others, managing director of the National Iranian Tanker Company said.
“We have not sent any tanker overseas for repairs and all the...
China is breaking records for crude oil imports and is not likely to stop soon as new refineries ramp up and hopes grow that the easing of trade tensions with the US will bolster the economy.
Even as economic expansion has slowed, the pace of growth still requires ever more oil. China imported...
Oil prices on Monday held near three-month highs, supported by last week’s announcement that an initial trade deal had been reached between the United States and China.
Brent crude oil futures rose 17 cents or 0.3% to $65.39 a barrel, while West Texas Intermediate crude was up 10 cents or 0.2%...