Oil futures accelerated a bullish climb shortly ahead of the 2:30 p.m. EDT (1830 GMT) NYMEX market settle to close Thursday sharply higher amid rising equities and a weaker dollar. ICE July Brent expired up 76 cents at $104.25/b, after ...
Tags: Oil Futures, Chemicals
Iran’s contribution to the Middle East’s petrochemical output is expected to grow to about 41 percent by end of the sixth Five-Year Development Plan in 2020, according to an official of the National Petrochemical Company (NPC). ...
Tags: ME Petrochem Output, Textile
A rare 17th century Persian rug fetched a record breaking sum of US$ 33.7 million at an auction organized by the world's largest auctioneers of fine and decorative art collectibles Sotheby's. Sourced from the Corcoran Gallery of Art, ...
The US on Friday identified eight petrochemical companies it says are owned or controlled by the government of Iran and are therefore subject to sanctions. The US State Department also sanctioned two companies "for knowingly engaging in a ...
Tags: Metallurgy, Mineral, Energy, oil
The U.S. government has lifted sanctions on the export of a variety of consumer communications devices, software and services including mobile phones to Iran ahead of elections in that country. The U.S. Department of the Treasury, in ...
The five new petrochemical projects that started operations since start of the current Iranian calendar year on March 21, 2013, are expected to boost the country’s petrochemical revenues by US$ 2 billion, National Petrochemical ...
Tags: Petrochem Projects, Textile
Researchers from Tarbiat Modares University in Iran have produced biodegradable nanocomposites using nanoparticles for food packaging industry. The nanoparticles, which offer antibacterial as well as anti-oxidation properties, have low ...
The Governments of India and Iran have reached a basic barter deal, wherein India will be able to buy Iranian oil in exchange for its textiles. Initially, a preliminary agreement would be signed between the private sectors of the two ...
Researchers from Tarbiat Modares University have developed biodegradable nanocomposites using nanoparticles which can be used for food packaging. The nanocomposites offer advantages such as low permeability and sensitivity to gases. They ...
Iran’s proposal for forming a joint petrochemical forum by eight developing Muslim nations (D8) has won support from Turkey and Egypt, two leading petrochemical and engineering polymer producers of the Middle East, Iranian Deputy Oil ...
Tags: D8 Petrochem Forum, Textile
Iran's Petrochemical Commercial Co is expected to offer more LPG to Asia after selling a cargo to South Korea, possibly its first to this region in 2013 since an EU ban late last year, by using ships made available for CFR deliveries, ...
The 10th International Petrochemical Industry Conference, held at the Iranian capital city of Tehran, was attended by around 36 foreign and 210 Iranian petrochemical companies. The agenda of the two-day conference was centered on ...
Tags: Textile, Textile Industry
OPEC ministers should consider the needs of the global oil market in a year's time, rather than just the current demand/supply balance, when they meet to review the cartel's production ceiling in two weeks, the head of the International ...
Tags: OPEC, oil market
The oil complex settled lower Monday on bearish China data and increased OPEC production, amid weak fundamentals in the US. NYMEX June crude settled 87 cents lower at $95.17/barrel, having traded in a $94.47-$95.68/b range throughout the ...
Tags: oil complex, oil
A new bill introduced late Wednesday to the US Senate aimed at strengthening Washington's sanctions against Iran could affect Asian countries that pay for Iranian crude in foreign currencies, sources familiar with the matter said Thursday. ...
Tags: Senate Bill, US Senate