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Iranpress: Oil drops as COVID-19 vaccine halt threatens demand

Oil drops as COVID-19 vaccine halt threatens demand

Wednesday, 17 March 2021 02:55

Oil prices fell for a third day on Tuesday, as Germany, France, and other European states suspended the use of a major coronavirus vaccine, threatening the recovery of fuel demand.

Iranpress: Brent crude tops $62 per barrel first time since 24 January 2020

Brent crude tops $62 per barrel first time since 24 January 2020

Friday, 12 February 2021 23:00

MOSCOW (IP) - The price of Brent crude rose above $62 per barrel for the first time since 24 January 2020, according to trading data.

Iranpress: Issue of seized Iranian oil tanker in Indonesia under investigation: Oil Minister

Issue of seized Iranian oil tanker in Indonesia under investigation: Oil Minister

Monday, 25 January 2021 16:27

Tehran (IP): The Iranian Petroleum Minister said that the issue of the Iranian oil tanker that was seized in Indonesian waters is being followed up.

Iranpress: Iran, Russia underscore expanding cooperation in oil, energy field

Iran, Russia underscore expanding cooperation in oil, energy field

Monday, 21 December 2020 20:27

Moscow (IP): The Minister of Oil of the Islamic Republic of Iran and the Deputy Prime Minister of Russia emphasized the expansion of cooperation between the two countries in oil and energy.

Iranpress: 180th OPEC Conference starts with

180th OPEC Conference starts with 'signs of light at end of tunnel'

Monday, 30 November 2020 21:47

The 180th meeting of the Organization of the Petroleum Exporting Countries (OPEC) began today afternoon via video conference in the presence of oil and energy ministers of member countries with OPEC president saying "There are signs of light at end of the tunnel."

Iranpress: Iran extracts 400,000 BDP from Azadegan oilfield

Iran extracts 400,000 BDP from Azadegan oilfield

Thursday, 26 November 2020 16:35

Iran (IP) - Iranian Oil Minister announced on Thursday that Iran extracts 400,000 barrels of oil per day from southwestern joint Azadegan oilfield.

Iranpress: UAE announces discovery of new oil reserves

UAE announces discovery of new oil reserves

Monday, 23 November 2020 00:51

An estimated 22 billion barrels of non-conventional and recoverable crude was recently discovered in Abu Dhabi, the capital of the United Arab Emirates (UAE).

Iranpress: Upcoming budget plan to cut down Iran

Upcoming budget plan to cut down Iran's oil dependency

Sunday, 15 November 2020 14:47

Iranian President said on Sunday that the completion of an important part of the development projects in the 1400 (2021) budget plan is a good ground for the seventh development plan to cut down direct dependency on oil.

Iranpress: Countdown begins for launching Hegmataneh Petchem Project

Countdown begins for launching Hegmataneh Petchem Project

Saturday, 14 November 2020 21:40

Hegmataneh Petrochemical Plant, a producer of polyvinyl chloride (PVC) of medical and pharmaceutical grade, will join the club of active petrochemical plants in the country once it receives its first feed-stock shipment.

Iranpress: Jazan oil terminal in Saudi Arabia is on fire

Jazan oil terminal in Saudi Arabia is on fire

Friday, 13 November 2020 06:35

A fire broke out near a floating platform of an oil distribution station in the southern Saudi region of Jazan.

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