OPEC's role in supplying global oil markets has not been diminished by the surge in oil production in the United States, though trade patterns willshift as a result of the shale boom in North America, the head of the International Energy ...
The US saw its biggest ever yearly rise in oil production last year as its booming shale oil industry continues to transform the global oil market, BP said Wednesday. At the same time, global proven oil reserves continue to grow and are ...
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
WITH $600 stuffed in one pocket and a smartphone tucked in the other, Patricio Fink struck a deal that's joining thousands like it in a virtual revolution. The Argentine software developer was dealing in bitcoins - getting an injection of ...
Japan's largest refiner JX Nippon Oil & Energy has cut "slightly" its crude imports from Iran under a renewed annual contract beyond January 2013, company chairman Yasushi Kimura told Platts Monday. Speaking on the sidelines of a New Year ...
Tags: Japan, JX, crude imports, Iran
Iran oil industry has launched an international insurance company to insure the tankers transporting its crude oil across the globe. Iranian Oil Minister Rostam Qassemi was quoted by English.farsnews.com as saying that after international ...
Tags: international insurance company, insurance company, oil tankers
MNA reported that South Korea's imports of oil from Iran increased 2.9%in November from October,when it resumed shipments from the Persian Gulf nation. According to data posted on the Korea Customs Service's website,purchases last month ...
Tags: MNA, South Korean, oil
Reuters reported that Iran will build millions of barrels of oil storage facilities in the Gulf over the next few months in response to international sanctions on its exports. Mr Mahmoud Zirakchian Zadeh MD of the Iranian Offshore Oil ...
Tags: Oil Storage, oil storage facilities, international sanctions
A senior Iranian energy official said that the country will increase its oil storage capacity in the Persian Gulf by 8.1 million barrels with the construction of new storage facilities. Mr Mahmoud Zirakchian Zadeh MD of Iranian Offshore ...
Tags: Oil Storage, construction of new storage facilities, Persian Gulf
Iran Daily reported that existence of huge iron ore, coal and natural gas reserves has provided the potential for Iran to become one of the world's major crude steel producers. Currently, 8 steel projects are underway in different parts ...