Brent slid nearly 4% to below $80 a barrel on Friday as a new Covid-19 variant spooked investors, adding to concerns that a global supply surplus could swell in the first quarter following the release of crude reserves by the United States and others.
Oil fell in tandem with other financial...
Bandar Imam Petrochemical Company in southwestern Khuzestan Province has increased its daily output of vinyl chloride monomer (VCM) by 70 tons after the successful overhaul of the VCM unit, managing director of BIPC said.
“The daily production of the product has now reached 520 tons from 450...