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Official: Iran Producing Most Oil Industry Equipment

23 January 2020 - 18:59
Iran is at present producing 85% of its needs to oil industry equipment despite the harshest-ever sanctions imposed against the country by Washington, an official said.

Aruba close to suspending Venezuela oil ties

23 January 2020 - 18:30
Venezuela's opposition-run parallel administration is close to an agreement with Aruba to suspend a lease on oil assets managed by Citgo Petroleum, the US refining subsidiary of Venezuelan state-owned PdV.

New Opec overture may reopen rift in Brasilia

23 January 2020 - 17:37
Brazil's fresh overture to Opec threatens to revive government discord over a proposed membership commitment that could restrict the non-Opec country's future pre-salt production growth.

Bolivia accuses PdV of funneling cash to Evo

10 January 2020 - 18:28
Bolivia's interim government is accusing Venezuela's state-owned PdV of funneling cash to exiled former president Evo Morales to destabilize his estranged country.

Oil Slips Towards $65

10 January 2020 - 17:54
Oil slipped towards $65 a barrel on Friday as the threat of war in the Middle East receded and investors focused on rising US inventories and other signs of ample supply.

Malaysia’s Idemitsu Styrene Monomer cuts production

9 January 2020 - 17:12
Malaysia's only styrene monomer (SM) producer, Idemitsu Styrene Monomer (ISM), has reduced operating rates by 10pc at its 241,000 t/yr unit this month because of negative production margins.

China to sign US trade deal next week: Update

9 January 2020 - 16:51
Chinese government officials will visit Washington next week to sign a "phase one" trade deal with the US, China's commerce ministry said today.

US will not respond militarily to Iran strikes

8 January 2020 - 21:00
Washington will not retaliate militarily after an Iranian missile attack on US military bases in Iraq, President Donald Trump said today.

Gas Price Rise Makes Road Transport More Attractive

8 January 2020 - 18:02
The number of passengers using road-based public transport services has increased to 100 million in the nine Iranian months ending Dec. 21 from 92 million during last year’s corresponding period, says an official with Iran Road Maintenance and Transportation Organization.

UAE Says No Risk to Oil Flow

8 January 2020 - 17:59
The United Arab Emirates’ energy minister said on Wednesday he saw no immediate risk to oil passing through the vital gateway of the Strait of Hormuz after Iran attacked bases housing US forces in Iraq.
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