Oil prices slipped on Tuesday amid issues that energy outages and flooding in Louisiana after Hurricane Ida will minimize crude demand from refineries just as world producers plan to lift output.
The costs have been additionally weighed down by weaker manufacturing data from China, the place...
Close to 28 million barrels of synthetic oil have been supplied by the National Iranian South Oil Company via pipelines to Abadan and Isfahan refineries as feedstock over the last 14 months, the head of the company’s Production Department said.
“The plan to produce synthetic oil is aimed at...