Iran


All posts for Iran

Geopolitical Tensions Overshadow a Year of Big Discoveries

Hammered by US sanctions that have severely curbed its oil exports – and scaring off international investors – Iran has continued to go alone in exploration work within its borders. Just last week, Iran announced that it had struck a new field in its southwest that contains up to 53 billion barre ...

Hui Shan


Posted 14 days agoLink > IranWaroil price +6

Kaboom in World Oil Supply!

Crude oil markets will certainly continue to react to new information as it becomes available in the days and weeks ahead, but this disruption and the resulting changes in global crude oil prices will influence U.S. retail gasoline prices. Saudi Arabia can use these inventories to maintain a simi ...

Hui Shan


Posted 2 months agoLink > KSASaudi ArabiaTrump +6

This Week in Petroleum: 2018 OPEC net oil export revenues highest since 2013, but likely to decline

EIA estimates net oil export revenues based on oil production—including crude oil, condensate, and natural gas plant liquids—and total petroleum consumption estimates, as well as crude oil prices forecast in the August 2019 Short-Term Energy Outlook (STEO). EIA's net oil export revenues estimate ...

Hui Shan


Posted 3 months agoLink > exportsImportsInternational +7

9th Middle East Bitumen/Asphalt 2019

The Conference Connection Inc is pleased to announce the  9TH MIDDLE EAST BITUMEN/ASPHALT CONFERENCE 2019 (MEB)  will be held in Dubai , UAE on 27 November 2019. Following the success of MEB 2010 to 2017 which attracted 1,300 senior decision and key players in the bitumen/asphalt industry from more ...

Shirley Er


    27 Nov 2019


Posted 3 months agoEvent > bitumenroad projects asphaltasphalt +13

Year of Energy team tours Middle East ahead of 5th GECF Gas Summit

The first high-level ad hoc working group meeting for the 5th GECF Gas Summit, held at the GECF Headquarters in Doha, Qatar, took place on July 18. Representatives of the GECF Member States and Observers – including GECF Secretary General Yury Sentyurin – were updated on conference speakers, spons ...

Aydanur Akkurt - Africa Oil & Power


Posted 4 months agoPress > Equatorial GuineaGECFgas +14

Iran drives unplanned OPEC crude oil production outage to highest levels since late 2015

The risk assessment comes as the British warship HMS Montrose had to escort the BP oil tanker British Heritage out of the Persian Gulf into the Indian Ocean from being blocked by Iranian vessels. While a risk premium has already been applied to current oil prices, some analysts are suggesting tha ...

Hui Shan


Posted 4 months agoLink > Productionsupplyoutages +5

The Strait of Hormuz and Oil Prices

Weakening global oil demand and strong supply growth in the United States contributed to global petroleum and other liquid fuels inventory builds in the first half of 2019 and limited any sustained upward pressure on crude oil prices. EIA expects that the combination of strong growth in U.S. and ...

Hui Shan


Posted 4 months agoLink > IranWaroil price +7

The Winds of War and Oil Markets

Financial sanctions came first, then sanctions on crude oil exports from Iran. But the situation was diffused when the US introduced waivers for 8 major importers of Iranian crude in November 2018, calming the markets. Not just because the extension of the current OPEC+ deal could be scuppered, ...

Hui Shan


Posted 5 months agoLink > IranMiddle Eastoil price +3

On the way up: The trends that will impact oil in 2019

The price of oil has been on a bullish trend since the start of the year. This is despite a steep decline at the end of last year because of a significant US shale industry output, which pushed down prices. The prices have recovered at the start of this year because the market has bet that supply w ...

Scott Johnson


Posted 8 months agoOpinion > OilVenezuelaChina +5

Crude Oil Prices: Changing Gear

Russia and Saudi Arabia both making new pledges on supply cuts comes despite supply issues elsewhere in OPEC, which could have provided some cushion for smaller cuts. Iranian production remains constrained by new American sanctions; targeted waivers have provided some relief – and indeed Iranian ...

Hui Shan


Posted 9 months agoLink > CrudeOil pricesBrent +5

Key Milestones in 2019 for Oil Prices

The market swang from balanced supply/demand to a supply crunch to a glut – dealing with American sanctions on Iranian crude exports, surging American crude oil production, the implosion of Venezuela's economy and signs that the global economy might be entering a slowdown. Sometime in the first q ...

Hui Shan


Posted 11 months agoLink > CrudeOil pricesBrent +5

Is the US a Net Crude Oil Exporter?

The comparison of those two net trade numbers could be construed that the US has became a net exporter of 0.2 mmb/d of crude and finished products for the week. For any other direction, the US is still a net importer of 4 mmb/d of crude oil or in a net deficit of oil supply by 1.9 mmb/d. But mis ...

Hui Shan


Posted 11 months agoLink > CrudeOil pricesBrent +5

Crude Oil Prices in 2019

This is after OPEC+ managed to corral its members together to agree to a 1.2 mmb/d cut in early December – a move that managed to steady oil prices for mere days. If it manages to keep the supply/demand balance aligned, it is conceivable that crude prices could return to those ranges – which unde ...

Hui Shan


Posted 11 months agoLink > CrudeOil pricesBrent +5

OPEC+ Prevails, For Now

Its reasoning made logical sense – Qatar produces very little crude, so to have a say in a cartel focused on crude was not in its interests, which lie in LNG – but it hinted at deep-seated tensions in OPEC that could undermine Saudi Arabia's attempts to corral members. Split between 800,000 b/d f ...

Hui Shan


Posted 11 months agoLink > CrudeOil pricesBrent +7

South Korea Stopped Importing Condensate From Iran Before Receiving Sanctions Waivers

Source: U.S. Energy Information Administration, based on ClipperData, LLC South Korea, the world's leading importer of condensates , has sought alternatives to partially offset declines in imports of Iranian condensates during the past few months, particularly in light of U.S. sanctions on Ir ...

OilVoice Press - OilVoice


Posted 11 months agoOpinion > South KoreaEIAEnergy Information Administration EIA +2