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Oil prices drop amid US dollar strength, expectations for supply gains
Oil prices dropped on Friday as a collapse in bond prices led to gains in the US dollar and expectations grew that with oil prices back above pre-pandemic levels, more supply is likely to return to the market.
Iran launches 933 km of new energy pipelines
Iran has expanded its energy pipeline network by 933 kilometers as the country aims to reduce costs related to the transportation of petroleum and gas products.
Oil rises as US output slowly returns after winter storms
Oil prices rose on Monday as the slow return of US crude output cut by frigid conditions raised concerns about supply, just as demand recovers from the depths of the coronavirus pandemic.
Iran’s Khesht oilfield to start production soon: CEO
The managing director of Iranian Central Oil Fields Company (ICOFC) said that early production from the Khesht oilfield in southern Fars Province will start by September 22.
Pipe-laying of Jask oil terminal’s second offshore line done
The construction of the second 36-inch offshore pipeline of the Jask crude oil export terminal was completed, said the operator of Jask oil terminal project in southern Iran.
Oil drops as investors gauge big chill impact on US refineries, OPEC+ output rise
Oil prices slid more than 1% on Friday, adding to overnight declines, on worries that refineries will take time to resume operations after the big freeze in the US South, creating a gap in demand, while OPEC+ supplies were expected to rise.
Oil hits 13-month highs as market rebalances
Oil prices soared on Monday to their highest in about 13 months as vaccine rollouts promised to revive demand and producers kept supply reined in.
Asian shares hit all-time highs, oil rises on Middle East tensions
Asian shares advanced to record highs on Monday as successful coronavirus vaccine rollouts globally raise hopes of a rapid economic recovery amid new fiscal aid from Washington, while oil prices rose on heightened tensions in the Middle East.
Oil market could absorb more Iran crude if US sanctions lifted: Iran’s OPEC governor
The oil market could absorb more crude oil from Iran if US sanctions are eased, according to Iran’s governor to OPEC.
India to resume crude imports from Iran if US bans eased: CEO
Chairman of India’s state-run Hindustan Petroleum Corp. suggests that the country would not hesitate to resume crude imports from Iran once the United States eases its bans on Tehran and allows shipments to be purchased by Indian refineries.
Oil prices rise to highest in a year on US growth optimism, crude supply restraint
Oil prices climbed on Friday to their highest levels in a year, extending a run of strong gains on signs of economic growth in the United States and a continued commitment by producers to hold back crude supply.
Oil prices rise as producers commit to output restraint
Oil prices rose around 1% on Tuesday after major producers showed they were cutting crude output in line with their commitments on restraint, supporting a market thrown out of kilter by weak demand during the coronavirus pandemic.
Iran’s oil, natural gas industries growing considerably: Minister
Iranian oil minister said the country’s oil and natural gas industries have developed considerably since the victory of the 1979 Islamic Revolution of Iran.
Azar oilfield nameplate capacity hits 65,000 bpd
Iran started extracting 65,000 barrels per day (bpd) of oil from Azar field which is its full capacity in the first development phase, said the managing director of Iran’s Oil Industries Engineering and Construction Company (OIEC).
Pipe laying of first offshore line in Jask oil terminal completed
The construction of the first 36-inch offshore oil pipeline of the Jask crude oil export terminal is completed, announced the operator of Jask oil terminal project in southern Iran.

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