If Biden Becomes President: Iran Could Flood Oil Markets
If presumptive Democratic candidate Joe Biden wins the presidential election in November, Iran could suddenly turn from a bullish driver for oil prices into a bearish factor if it resumes…
Third Iranian fuel cargo reaches Venezuelan waters, others unloading – data
The third cargo of an Iranian tanker flotilla carrying fuel for gasoline-thirsty Venezuela on Tuesday reached the nation’s exclusive economic zone as the previous two were discharging at state run…
Iran prepared for massive oil exports
In the current straitened sanctions period, Iran’s focus in its oil sector is broadly to increase the capacity of its fields in West Karoun and from the huge fields that…
Iran’s Oil Production rises as they install new platform
Iran's oil production capacity increased by 6,000 barrels per day after a platform was installed at the offshore Salman field in the Gulf, the official news agency IRNA reported on…
Saudi Aramco share price recovers from all-time low
Saudi Aramco’s share price has recovered after yesterday hitting an all-time low since its 11 December 2019 market debut. On Thursday share prices rose to SAR35 ($9.33) after having fallen…
Asia markets fall as violence flares in Iraq
Asia Pacific markets tumbled Wednesday following reports that rockets were fired at an Iraqi airbase that hosts American troops. In Japan, the Nikkei 225 declined 2.45% while the Topix index fell 2.26%.…
Oil prices spike over 4.5% from Iran attacks
Oil prices spiked on Wednesday morning, rising over 4.5 per cent at one point after Iran fired a barrage of ballistic missiles against two airbases in Iraq used by US…
OPEC Political Crisis Creates New Supply Risks
OPEC may have no appetite to cut oil production deeper when it meets next month, but flaring political crises across the group are once again threatening supply. Unrest erupted in…
Iran discovers oil field containing 53 billion barrels of crude
Iran has discovered a new oil field containing 53 billion barrels of crude, President Hassan Rouhani said Sunday (Nov 10), a find that would increase Iran's proven reserves by over…
Iran’s energy industry runs up against shortage of water supply
The plan to build a petrochemical plant near the Iranian city of Firouzabad had everything usually needed to get a project off the ground: approval from the nation's top authority,…