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October 08, 2025
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crude oil
Iran's oil production increases 47% in 2 years
Wednesday, 13 December 2023 14:11
National Iranian South Oil Company (NISOC) has seen a significant increase in its oil production, with output growing by 47% over the past two years.
US crude oil inventories decrease by 2.1 million barrels
Thursday, 21 September 2023 01:23
US commercial crude oil inventories decreased by 2.1 million barrels from the previous week, according to the EIA crude oil and petroleum weekly storage data.
Keystone pipeline shut after 14,000-barrel oil spill in Kansas
Friday, 09 December 2022 17:30
Canada's TC Energy shut its Keystone pipeline in the United States after more than 14,000 barrels of crude oil spilled into a creek in Kansas, making it one of the largest crude spills in the United States in nearly a decade.
Ghana plans to buy oil with gold instead of US dollars
Friday, 25 November 2022 05:54
Ghana’s government is working on a new policy to buy oil products with gold rather than US dollar reserves, Vice President said on Thursday.
NIOC announces Iran's crude oil price for October delivery
Saturday, 24 September 2022 20:58
Tehran (IP)- The National Iranian Oil Company (NIOC) increased the official selling price of all types of crude oil for delivery to Asian customers in October.
US strategic petroleum reserve dips to lowest level since 1985
Thursday, 30 June 2022 00:35
The Strategic Petroleum Reserve, the stockpile of crude oil maintained by the US Department of Energy and meant for use in emergencies, has dipped to levels unseen since 1985, new data has indicated.
Oil price surges to highest since 2008
Monday, 07 March 2022 08:37
New York (IP) - Oil prices soared to their highest since 2008 due to delays in the potential return of Iranian crude to global markets and as the United States and European allies consider banning imports of Russian oil.
More than 60 economic advisors to be employed
Saturday, 02 October 2021 16:11
Tehran (IP) - Iran's Minister of Industry, Mine, and Trade said on Saturday that more than 60 economic advisors would be employed to ease Iran's economic diplomacy.
Iran eyes $50b petrochemical revenue by 2027
Tuesday, 10 August 2021 17:15
Tehran (IP) - The CEO of the production capacity said that plans are underway to bring the country’s petrochemical annual revenues to 50 billion dollars by 2027.
Gasoline reservoir of Iran's Kharg Petrochemical Company catches fire
Tuesday, 10 August 2021 12:47
Iran (IP)- A gasoline reservoir of Kharg Petrochemical Company caught fire at around 2 AM on Tuesday morning.
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