RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2022-07-04 12:35:00

IRANIAN OIL RISES

IRANIAN OIL RISES

PLATTS - 03 Jul 2022 - Iran, whose energy trade is pressed by US sanctions, is ready to pump more oil as the world needs the crude to balance supply and demand and calm prices before travel seasons in the US and Europe, the oil minister Javad Owji said, according to economic daily Donyay-e Eqtesad on July 2.

Iran could increase production to levels before the sanctions, he said, without giving an estimate of current output. "There are some worries about oil supply shortage in the coming months," he said, despite some concerns about economic slowdown and possible curbs to demand because of geopolitical tensions.

Iran's oil production was 3.8 million b/d before the Trump administration imposed sanctions in 2018. The OPEC member recently said its oil production capacity has topped that figure. In May, according to the Platts survey by S&P Global Commodity Insights, output was 2.58 million b/d, holding at the highest level since March 2019.

"The oil market is in such situation that return of Iran's oil to the market can partially respond to customers and help the global markets reach balance and tranquility," Owji said.

"Particularly, we will be watching global demand increase for oil and oil products as the summer and travel seasons in the Unites States and Europe are approaching," he said.

-----


Earlier:

IRANIAN OIL RISES
2022, June, 28, 11:45:00
IRANIAN NUCLEAR RENEWAL
Under the JCPOA between Iran the P5+1 group of countries (the USA, UK, France, Russia, and China plus Germany) Iran agreed to limit its nuclear development in return for the lifting of sanctions.
IRANIAN OIL RISES
2022, May, 12, 13:50:00
IRAN'S NUCLEAR ELECTRICITY 10 GW
In April, AEOI head Mohammad Eslami unveiled a Comprehensive Strategic Document of Iran’s Nuclear Industry which envisages the generation of 10,000MW of nuclear electricity.
IRANIAN OIL RISES
2022, April, 20, 11:25:00
IRAN NEED INVESTMENT $80 BLN
Iran sits on the world's second-biggest gas reserves after Russia. It exports gas to Iraq and Turkey, with a minor swap with northern neighbors Azerbaijan and Turkmenistan.
All Publications »
Tags: IRAN, OIL, PRODUCTION, SANCTIONS
Chronicle:
IRANIAN OIL RISES
2022, August, 15, 12:14:00
6TH ANNUAL LNG SUMMIT USA
The 6th Edition of Wisdom’s Much Acclaimed Annual LNG Summit Will Be Held Live in Houston - PREPARING THE INDUSTRY FOR THE RISE IN DEMAND FOR LNG
IRANIAN OIL RISES
2022, August, 15, 12:13:00
2022 SAUDI PIPELINES INTERNATIONAL CONFERENCE & EXIBITIONS
Eventat Co (a Saudi local company) is hosting the first-ever “2022 Saudi Pipelines International Conference & Exhibitions” from 4-6 October, 2022 at the Dhahran Expo, Dammam (Eastern Province), Kingdom of Saudi Arabia. The three-day conference and exhibition are dedicated to bringing together over “50+ Regional/International speakers, 100+ Sponsors/Exhibitors, 1000+ Delegates and 3000+ Visitors” from around the globe who carry significant interest in enhancing the pipelines lifecycle for the current and future.
IRANIAN OIL RISES
2022, August, 15, 12:12:00
9TH INTERNATIONAL LNG CONGRESS LNGCON 2023
9th International LNG Congress (LNGCON 2023) 6-7 March, 2023 Link to the Congress website: https://bit.ly/3tXVmr7
IRANIAN OIL RISES
2022, August, 15, 12:10:00
SAUDI ARAMCO NET INCOME UP TO $87.9 BLN
The Saudi Arabian Oil Company (“Aramco” or “the Company”) announced its financial results for the second quarter of 2022, posting a 90% year-on-year (YoY) increase in net income
IRANIAN OIL RISES
2022, August, 15, 12:05:00
U.S. RIGS DOWN 1 TO 763
U.S. Rig Count is down 1 from last week to 763, Canada Rig Count is down 2 from last week to 201.
IRANIAN OIL RISES
2022, August, 12, 09:10:00
OIL PRICE: BRENT NEAR $99, WTI NEAR $94
Brent fell 49 cents, or 0.5%, to $99.11 a barrel, WTI fell 50 cents, or 0.5%, to $93.84 a barrel.
IRANIAN OIL RISES
2022, August, 12, 09:05:00
OPEC OIL PRICE: $101.29
The price of OPEC basket of thirteen crudes stood at $101.29 a barrel
All Publications »