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Iraq, Total mull joint work on associated gas, solar power projects
Iraq and French oil major Total are in talks to jointly work on developing associated gas and solar power projects, the country's oil minister said March 17, as OPEC's second largest producer seeks to reduce dependence on Iranian energy imports needed for power generation.
read more... 18/03/2021
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Daily (06.01.2020): Oil prices surged by about 5% on Tuesday amid OPEC output deal, Iran tensions
Crude oil futures rallied on Tuesday, after OPEC+ reached an agreement on production curbs starting in February, with Saudi Arabia voluntarily taking on a larger reduction. Continuing tensions over Iran’s seizure of a South Korean vessel brought further support to oil prices. Hence, Brent crude jumped by $2.51, or 4.9%, to settle at $53.60 a barrel. Meanwhile, U.S. WTI crude surged by $2.31, or 4.9%, to close at $49.93 a barrel.
read more... 06/01/2021
Iran Boosts Oil Output At Oilfields Shared With Iraq
Iran has raised oil production from the oilfields in its southwest it shares with Iraq to 400,000 barrels per day (bpd) from 70,000 bpd in the past seven years, Shafaq News quoted Iranian Oil Minister Bijan Zangeneh as saying on Tuesday.
read more... 16/09/2020
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Daily (24.04.2020): NBP spot at 12 p/therm on Thursday due to robust flows and weak demand
Crude oil futures gained ground for the second consecutive session on Thursday, with the U.S. WTI crude surging by about 20% as escalating tensions between Iran and the United States offset the deteriorating demand due to the coronavirus pandemic and the supply glut.
read more... 24/04/2020
Daily (13.01.2020): Crude oil prices at their first weekly loss since November as U.S.-Iran confrontation fears receded
Crude oil prices recorded their first weekly loss since November as worries about a wider U.S.-China confrontation faded, with investors focusing on an unexpected weekly rise in U.S. crude stockpiles.
read more... 13/01/2020