Iran's Oil, Gas & Petrochemical Daily News

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Oil seen opening up after Iran's attack on Israel, but further gains may depend on response: Reuters Oil seen opening up after Iran's attack on Israel, but further gains may depend on response: Reuters
14 April, 2024
Oil prices are expected to rise on Monday after Iran's attack on Israel over the weekend, analysts said on Sunday, but further gains may depend on how Israel and the West choose to retaliate.
IEA trims oil demand forecast for 2024 IEA trims oil demand forecast for 2024
13 April, 2024
The International Energy Agency (IEA) trimmed its forecast for 2024 oil demand growth on Friday,
Iran crude output as reported by OPEC (March-update) Iran crude output as reported by OPEC (March-update)
12 April, 2024
According to secondary sources, total OPEC-12 crude oil production averaged 26.60 mb/d in March 2024,
OPEC sees robust summer oil demand, economic upside potential OPEC sees robust summer oil demand, economic upside potential
12 April, 2024
OPEC predicted robust fuel use in the summer months on Thursday and stuck to its forecast for relatively strong growth in global oil demand in 2024,
Morgan Stanley lifts Q3 Brent crude oil forecast on geopolitical risk Morgan Stanley lifts Q3 Brent crude oil forecast on geopolitical risk
09 April, 2024
Morgan Stanley has raised its Brent crude oil price forecast for the third quarter of this year by $4 per barrel to $94, citing geopolitical risks.
Baghdad set to reopen own oil pipeline to Turkey as Kurdish talks stall Baghdad set to reopen own oil pipeline to Turkey as Kurdish talks stall
09 April, 2024
Baghdad is repairing a pipeline that could allow it to send 350,000 barrels per day (bpd) to Turkey by the end of the month
Latest progress rates of petchem projects of Iran OIPF (Feb. 2024) Latest progress rates of petchem projects of Iran OIPF (Feb. 2024)
08 April, 2024
Iran’s Oil Industries Pension Fund (OIPF), has recently released a report on the progress rates of petrochemical projects....
NIGC MD encourages petchems to invest in Mini LNG plants NIGC MD encourages petchems to invest in Mini LNG plants
08 April, 2024
Referring to the investment of Iranian steel companies in Mini LNG plants, he stated: “Some of the country’s steel factories ....
Iran crude oil price in March 2024 Iran crude oil price in March 2024
08 April, 2024
According to the Dept. of International Affairs at National Iranian Oil Co. (NIOC), Iran sold its different types of crude oil to various markets in March 2024....
Iran IOOC issues tenders for liner hanger services Iran IOOC issues tenders for liner hanger services
08 April, 2024
Iranian Offshore Oilfield Co. (IOOC) has issued tow separate tenders for supply and running services of liner hangers,,,,
Iraq to produce 5 Mln bpd of oil: Oil Minister Iraq to produce 5 Mln bpd of oil: Oil Minister
08 April, 2024
The Iraqi Oil Minister, Hayan Abdul-Ghani, said that the Oil Ministry is taking steps to reach a production capacity of five million barrels per day (bpd)
Oil slides more than 1% as Middle East tensions ease Oil slides more than 1% as Middle East tensions ease
08 April, 2024
Oil prices slid more than $1 a barrel on Monday, with Brent falling below $90, as Middle East tensions eased after I.....
Latest progress rates of some Iranian petchem projects (Feb. update) Latest progress rates of some Iranian petchem projects (Feb. update)
07 April, 2024
According to the PR Office of Iran’s National Petrochemical Company (NPC), the progress rates of some ongoing petrochemical projects as of late February 2024 are as follows: 
Iraq to stablish Wasit Oil Company Iraq to stablish Wasit Oil Company
07 April, 2024
The Wasit Oil Company's establishment work was confirmed on Thursday by Hayyan Abdul Ghani, the Deputy Prime Minister for Energy Affairs and Minister of Oil.
Executive works of Iran Mokhtar gas field yet to start Executive works of Iran Mokhtar gas field yet to start
06 April, 2024
Managing Director of Central Iranian Oil Fields Company (ICOFC) announced the imminent start of drilling operation of the first well of Mokhtar gas field....
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