Iran


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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 5 days 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 27 days 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 1 month 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 1 month 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 1 month 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 5 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 5 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 7 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 7 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 7 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 8 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 8 months agoOpinion > South KoreaEIAEnergy Information Administration EIA +2

Rystad Energy: Middle East Driving Global Growth in Conventional Oil Output

Middle Eastern oil production is expected to grow by 2.7 million bpd by 2025, according to latest Rystad Energy analysis. The boost in conventional oil output from the Middle East is primarily driven by supply additions from Iraq with 1.5 million bpd growth, and an additional 1.2 million bpd mainly ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > Rystad EnergyMiddle EastOil +5

FACTBOX: US Imposes Sanctions on Iranian Crude Exports – S&P Global Platts

US sanctions against Iranian crude exports went back into effect Monday, although top buyers of Iranian crude were given temporary waivers until May, when they will be expected to cut purchases significantly. Oil prices climbed Monday as the sanctions kicked in, but price increases were limited by ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > United StatesUSAIran +8

US and Iran Lead Global Polyethylene Capacity Growth to 2026, Says GlobalData

The US and Iran will lead the global polyethylene market capacity growth, which is poised to increase from 110.5 million tons per annum (mtpa) in 2017 to 150.9 mtpa in 2026, says GlobalData , a leading data and analytics company. The company's report: ‘ Global Polyethylene Industry Outlook to ...

OilVoice Press - OilVoice


Posted 9 months agoOpinion > GlobalDataUSAUnited States +3