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Oil Price

Iranpress: Oil rises to highest in 2023 on tight supply expectations

Oil rises to highest in 2023 on tight supply expectations

Friday, 15 September 2023 05:47

Oil prices climbed on Thursday to their highest this year, as expectations of tighter supply outweighed worries about weaker economic growth and rising US crude inventories.

Iranpress: Iran to start $15B. worth of oil and gas projects by mid-march 2024

Iran to start $15B. worth of oil and gas projects by mid-march 2024

Tuesday, 15 August 2023 20:36

Tehran (IP)- In a recent announcement, Iran's first vice president revealed that 67 oil and gas projects are scheduled to be launched by the end of the current Iranian calendar year, which concludes on March 19, 2024.

Iranpress: PEDEC head: Sepehr and Jofeir official oil production to commence in near future

PEDEC head: Sepehr and Jofeir official oil production to commence in near future

Saturday, 12 August 2023 18:44

Tehran (IP) - The Managing Director of the Petroleum Engineering and Development Company (PEDEC) has announced that oil production at the Sepehr and Jofeir fields in southwestern Iran is expected to officially begin during Government Week (August 24-30).

Iranpress: Aramco boss forecasts strong China oil demand

Aramco boss forecasts strong China oil demand

Tuesday, 08 August 2023 18:35

Global oil demand will remain resilient despite a recent voluntary production cut by Saudi Arabia and economic headwinds facing major crude consumer China, according to Saudi Aramco’s chief executive, Amin Nasser.

Iranpress: S. Arabia hikes most August oil prices to Asia after supply cuts

S. Arabia hikes most August oil prices to Asia after supply cuts

Saturday, 08 July 2023 21:20

IP- Top oil exporter Saudi Arabia raised the prices for most of its crude oil to Asian customers in August for a second month after its announcement of prolonging an extra output cut on top of a broader OPEC+ deal.

Iranpress: OPEC+ to keep pursuing efforts to stabilize oil market, Saudi minister says

OPEC+ to keep pursuing efforts to stabilize oil market, Saudi minister says

Wednesday, 05 July 2023 18:14

OPEC+ will continue pursuing efforts to stabilize the oil market and will do “whatever is necessary”, Saudi Arabia’s energy minister said.

Iranpress: Iran exports more than 2.8 million refinery units to revive Venezuelan refineries

Iran exports more than 2.8 million refinery units to revive Venezuelan refineries

Tuesday, 13 June 2023 21:09

Tehran (IP) - Referring to the Iranian president's visit to Venezuela, the oil minister of Iran stressed the signing of very important documents and contracts in the upstream and downstream sectors of oil.

Iranpress: Oil rises as Saudi cut supports and focus turns to Fed

Oil rises as Saudi cut supports and focus turns to Fed

Thursday, 08 June 2023 17:31

IP- Oil rose on Thursday as tighter supply resulting from Saudi Arabia's pledged production cut and a potential pause to U.S. interest rate hikes offset worries over demand weakness and a global economic slowdown.

Iranpress: OPEC+ agree to extend oil output cuts

OPEC+ agree to extend oil output cuts

Monday, 05 June 2023 03:15

OPEC Plus, the group of major oil producers, said it would continue its recent cuts in output, but Saudi Arabia said it would cut another one million barrels per day for at least a month starting in July.

Iranpress: Iran attends 186th regular OPEC ministerial meeting

Iran attends 186th regular OPEC ministerial meeting

Saturday, 03 June 2023 17:46

Vienna (IP)- The 186th regular meeting of the ministers of the Organization of Petroleum Exporting Countries (OPEC) has been held at the headquarters of the organization's secretariat in Vienna, the capital of Austria.

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