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Oil's supply-led rally peters out as virus cases surge
Oil prices on Monday fell further from 11-month highs touched last week, ending a rally that started at end-October on production cuts and strong Chinese demand, with the market’s outlook questioned as coronavirus infections rise.
Iran awards EOR contracts to domestic companies
The Iranian Oil Ministry signed a third batch of contracts with domestic companies to increase the amount of oil produced from the existing oilfields.
Oil prices dip on rising virus cases; expected stock draw stems losses
Oil prices slipped on Tuesday as investors remained concerned about climbing coronavirus cases globally, but expectations of a drawdown in crude oil inventory in the United States for a fifth straight week kept losses in check, Reuters reported.
IRAN Oil Show to be held in Tehran late in January
The 25th edition of Iran International Oil, Gas, Refining and Petrochemical Exhibition dubbed “IRAN Oil Show” will be held at Tehran Permanent International Fairgrounds from January 22 to 25.
Narrowing of OPEC+ cuts insignificant to global supply: Zanganeh
Iranian Oil Minister Bijan Namdar Zanganeh said a decision by an international grouping of oil producers known as OPEC+ to slightly narrow supply cuts agreed for January would not have a significant impact on global prices.
Oil hits 11-month high after Saudi Arabia pledges voluntary output cut
Oil prices rose on Wednesday to their highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers, while industry figures showed US crude stockpiles were down last week.
Tehran to host Iran Oil Show in late January
The 25th edition of Iran International Oil, Gas, Refining, and Petrochemical Exhibition, known as Iran Oil Show, which was previously postponed due to the coronavirus pandemic, is going to be held in Tehran from January 21-24.
Oil extends losses after OPEC+ talks suspended without decision
Oil extended losses in Asia after dropping the most in almost two weeks as OPEC+ talks were unexpectedly suspended due to a disagreement over whether to raise output in February.
Applying black sesame oil shown to accelerate hair regrowth
Hair loss is fiendishly difficult to reverse, hence the mixed results of treatment interventions. However, natural products have been shown to accelerate hair regrowth, such as black sesame oil.
Iranian Parliament lowers oil export target to 1.5 mbd
Iran's Parliament lowered the government's oil export target from 2.3 million barrels per day (mbd) to 1.5 mbd to manage expectations.
Iran oil companies to sign $1.2b in deals to boost output
Iranian energy companies have agreed on deals worth $1.2 billion to raise crude output, National Iranian Oil Co. said.
Virus-ravaged oil market collapses by a fifth in 2020
World oil prices slumped by more than a fifth this year as deadly coronavirus savaged the world's appetite for crude, despite a vaccine-driven upturn at the end of 2020.
Oil up on hopes of recovery in demand, lower US inventories
Oil gained more ground on Wednesday as a US coronavirus fiscal aid package and a decline in crude oil inventories lifted prices.
Oil steadies with virus pessimism balanced by US stimulus
Oil steadied in Asian trading – after posting its first weekly loss since October – as pessimism over a new strain of COVID-19 was balanced by the passage of a US stimulus bill into law.

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