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Iran's Oil, Gas & Petrochemical Daily News

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Efforts for unfreezing Iran’s assets, getting IMF’s loan on positive track: CBI Efforts for unfreezing Iran’s assets, getting IMF’s loan on positive track: CBI
28 March, 2020
Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati said the CBI is making all-out efforts to provide funds for the purchase of medicines and medical equipment needed for the battle against the coronavirus outbreak amid the cruel US sanctions ...
Demand destruction foils Saudi plan to flood Europe with oil Demand destruction foils Saudi plan to flood Europe with oil
28 March, 2020
Saudi Arabia has promised a flood of cheap oil to Europe as it aims to hit its former ally Russia in its own backyard, but it looks like demand for the ultra-cheap Saudi crude doesn’t exist after all ...
US extends Iraq's waiver to import Iran electricity and gas US extends Iraq's waiver to import Iran electricity and gas
28 March, 2020
The US on Thursday again extended a waiver allowing Iraq to import Iranian electricity and natural gas despite US sanctions, Morgan Ortagus, a State Department spokeswoman ...
Coronavirus spread to cause 20 Mln bpd decline in oil demand: IEA's Birol Coronavirus spread to cause 20 Mln bpd decline in oil demand: IEA's Birol
28 March, 2020
The global spread of the coronavirus will cause oil demand to drop by roughly 20 million b/d to about 80 million b/d this year, Fatih Birol, executive director of the International Energy Agency ...
Spending on new oil, gas projects could fall by 68% in 2020: Rystad Spending on new oil, gas projects could fall by 68% in 2020: Rystad
28 March, 2020
Spending on new oil and gas projects could fall by more than two thirds this year if oil prices remain at the current levels, the Oslo-based Rystad Energy consultancy said on Monday ...
Iran the 3rd gas supplier of Turkey in 2019 Iran the 3rd gas supplier of Turkey in 2019
25 March, 2020
Based on preliminary figures published by the Turkish energy market regulator (EPDK) for 2019, the volume of gas imports from Iran made the same as in 2018 ...
China oil imports’ details in Jan-Feb 2020 China oil imports’ details in Jan-Feb 2020
25 March, 2020
China's crude oil imports in the first two months of 2020 from top supplier Saudi Arabia rose 26% from a year earlier, while purchases from No. 2 supplier Russia gained ...
UN urges easing of sanctions on Iran UN urges easing of sanctions on Iran
25 March, 2020
The UN High Commissioner for Human Rights has called for any sanctions imposed on countries like Iran facing the new coronavirus pandemic to be "urgently re-evaluated" to avoid pushing strained medical systems into collapse ...
Over $ 2.2 Bln of oil products traded at IRENEX last year Over $ 2.2 Bln of oil products traded at IRENEX last year
24 March, 2020
Managing Director of Iran Energy Exchange (IRENEX) Ali Hosseini said over USD 2.2 Bln worth of oil products were traded at the IRENEX in last ...
Iran: U.S. should lift sanctions if it wants to help Iran fight coronavirus Iran: U.S. should lift sanctions if it wants to help Iran fight coronavirus
24 March, 2020
The United States should lift sanctions if it wants to help Iran to contain the coronavirus outbreak, Iranian President Hassan Rouhani said on Monday, adding that Iran had no intention of accepting Washington’s offer of humanitarian assistance ...
Coronavirus fuels calls for sanctions relief on Iran, Venezuela Coronavirus fuels calls for sanctions relief on Iran, Venezuela
24 March, 2020
From Caracas to Tehran, officials are calling on the Trump administration to ease crippling economic sanctions they contend are contributing to the growing death toll caused by the coronavirus pandemic ...
Middle East, Central Asia ask IMF for coronavirus financial aid Middle East, Central Asia ask IMF for coronavirus financial aid
24 March, 2020
The International Monetary Fund is considering providing financial support to countries in the Middle East and Central Asia, a dozen of whom have requested help as the coronavirus outbreak takes a toll on their economies reeling from the oil price crash ...
Barclays cuts 2020 crude forecasts by $12 on virus, OPEC+ deal collapse Barclays cuts 2020 crude forecasts by $12 on virus, OPEC+ deal collapse
24 March, 2020
Barclays on Tuesday slashed its oil price forecasts for 2020, citing considerable downward pressure on the market from a Saudi-Russian price war and demand disruption because of the coronavirus ...
Despite OPEC+ deal collapse, Saudi oil exports yet to rise Despite OPEC+ deal collapse, Saudi oil exports yet to rise
24 March, 2020
Top oil exporter Saudi Arabia has yet to boost crude shipments significantly, two industry sources who track the flows said, suggesting a lack of demand despite a deep slide in prices as major producers battle for market share ...
Oil majors slash spending amid price plunge Oil majors slash spending amid price plunge
24 March, 2020
Shell became the latest oil major to announce significant spending cuts to protect its balance sheet from crashing oil prices, joining other majors such as Exxon in the drive to optimize costs at oil below $30 a barrel ...
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