Search results for: Iranian Oil Show 2015

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  • 6 May 2015

    Iranian Petroleum Ministry’s spokesman Akbar Nematollahi has revealed that more than 1800 Iranian and foreign companies will participate in the 20th International Oil, Gas, Refining and Petrochemical Exhibition (Iranian Oil Show 2015), which opens in Tehran today. According to information shared through the website of National Iranian Gas Company  (NIGC), Nematollahi on Monday said that […]

  • 8 July 2015

    Oil bounced back from a three-month low to around $57 (37 pounds) a barrel on Wednesday after an industry report showed a larger-than-forecast drop in U.S. crude stocks and Iran nuclear talks failed to produce a deal.

  • 9 May 2018

    U.S. president Donald Trump on Tuesday terminated the U.S. participation in the Iran nuclear agreement devised in 2015 to curb Iran’s nuclear weapons development capacity, labeling it “one of the worst and most one-sided transactions the United States has ever entered into.”

  • 16 July 2015
    Business & Finance

    The United States is reported to have removed the Islamic Republic of Iran Shipping Lines (IRISL) and the country’s ports operator Tidewater Middle East Maritime Company from the US blacklist of companies subject to sanctions and asset freeze, local media reports. The names of 16 shipping executives, including IRISL Managing Director Mohammad Hossein Dajmar, and their […]

  • 29 January 2016

    Oil prices will average just over $40 this year, the biggest cut to monthly forecasts in a year, as an influx of Iranian barrels hits an already-saturated world market, a Reuters poll showed on Friday.

  • 16 July 2015
    Business & Finance

    The United States is reported to have removed the Islamic Republic of Iran Shipping Lines (IRISL) and the country’s ports operator Tidewater Middle East Maritime Company from the US blacklist of companies subject to sanctions and asset freeze, local media reports. The names of 16 shipping executives, including IRISL Managing Director Mohammad Hossein Dajmar, and their […]

  • 21 June 2019

    Oil price rose Friday over tensions between the U.S. and Iran, following Tehran’s shooting down a U.S. drone on Thursday over what the U.S. said were international territory waters. Tehrans claims the drone violated Iran’s airspace.

  • 10 December 2018

    OPEC and Russia agreed to cut oil production by 1.2 million barrels.

  • 12 August 2015

    The International Energy Agency (IEA) said Wednesday in its Oil Market Report for August that global oil demand in 2015 is expected to grow by 1.6 mb/d, up 0.2 mb/d from IEA’s previous Report and the fastest pace in five years, as economic growth solidifies and consumers respond to lower oil prices.  According to IEA, persistent macro-economic […]

  • 22 March 2016

    VLCC, Suezmax, Aframax and product tanker rates are expected to rebound in the second quarter of 2016 supported by oil market fundamentals’ recovery, according to Tanker Freight Forecaster from Maritime Strategies International. Though last month saw a fall in VLCC spot earnings, rates are set to rise in the second quarter on high crude supply which […]

  • 29 February 2016

    Saudi Arabia and Russia agreed to freeze production at January levels on February 16 in the first coordinated effort to stabilise prices for 15 years. Expectations of an output cut were rife in the days leading up to the meeting in Doha, with Brent gaining 10.9% on February 12th, Douglas-Westwood, an energy intelligence group, said in its […]

  • 30 September 2016

    Offshore Energy’s Opening Gala Dinner and Awards Show on Monday the 24th of October 2016 has almost sold out. The offshore energy industry is curious to find out who the winners of the Offshore Energy Awards 2016 will be. Only a few Table Sponsor packages are left. Individual tickets can still be booked in the […]

  • 4 December 2015

    OPEC looked unlikely to take steps to cut oil production to lift languishing prices at a meeting on Friday, potentially worsening one of the worst crude gluts in history.

  • 3 June 2016

    OPEC failed to agree a clear oil-output strategy on Thursday as Iran insisted on steeply raising its own production, though Tehran’s arch-rival Saudi Arabia promised not to flood the market and sought to mend fences within the organisation.

  • 16 September 2019

    Oil prices on Monday saw the biggest surge since 1991 following a drone attack on the state-owned Saudi Aramco’s oil processing facility in Saudi Arabia, according to Reuters.

  • 31 August 2015

    An Iranian fishing dhow and its crew members managed to escape from Somali pirates after being held hostage for  five months, maritime piracy experts from Ocean Beyond Piracy informed. Namely, the crew managed to slip the moorings of its fishing vessel, the Jaber, on Thursday, August 27th, thus fleeing captivity. As informed, the Jaber was briefly […]

  • 31 August 2015

    An Iranian fishing dhow and its crew members managed to escape from Somali pirates after being held hostage for  five months, maritime piracy experts from Ocean Beyond Piracy informed. Namely, the crew managed to slip the moorings of its fishing vessel, the Jaber, on Thursday, August 27th, thus fleeing captivity. As informed, the Jaber was briefly […]

  • 23 February 2011
    Business & Finance

    By joining the second drilling rig to the south Pars gas field region, drilling operations started in the second position at the South Pars gas field phases 17 and 18. According to a report by Fars News Agency, initial production from the phases 17 and 18 will be started before the end of next Iranian […]

  • 15 March 2019

    Panama revoked the registration of a number of Iranian vessels after the restoration of the US sanctions.

  • 9 June 2016
    Business & Finance

    Although Iran stopped liquefied petroleum gas (LPG) exports to Japan, the country’s supply will not go to waste as a large number of customers are showing their interest for the LPG, Iranian Mehr News Agency cited the Director general of the Association of Petrochemical Industry Corporations (APIC) Ahmad Mahdavi. Mahdavi was quoted as saying that the country’s LPG has its own customers in […]

  • 15 May 2015
    Business & Finance

    An oil product tanker is reported to had been fired at by the Iranian naval forces while transiting the Gulf on Thursday. Singapore-flagged tanker Alpine Eternity was approached by five Iranian Revolutionary Guard Corps Navy ships at about noon (0800 GMT), Reuters said citing U.S. officials. The ships fired warning shots as they tried to […]

  • 18 September 2017
    Business & Finance

    Very large crude carrier (VLCC) floating storage has witnessed a substantial drop impacted by an agreement on Iranian nuclear developments and OPEC production cuts. While Iranian nuclear sanctions were in place, a significant portion of National Iranian Tanker Company’s (NITC) VLCC fleet was used for storage of Iranian crude and condensate, according to a report from […]