HOUSTON (Bloomberg) –The hired hands of America’s oil patch have now lost all the job gains they made during a brief recovery last year, according to a trade group. The companies that frack wells and make the equipment necessary to produce oil cut an estimated 12,321 jobs over a three-month stretch ending in February, according […]
Chabahr, March 10, IRNA – Managing Director of Ports and Maritime Organization of Sistan and Baluchestan province, in the south east of Iran, said that the second part of India’s $85m commitment for developing Chabahar port would be unveiled soon. Behrouz Aqaei said on Wednesday that a vessel carrying two 100-ton coastal cranes worth 7.5 […]
TEHRAN- Iranian Transport and Urban Development Minister Mohammad Eslami said that exports from the ports of country have risen seven percent during the first 11 months of the current Iranian calendar year (March 20, 2020 – February 18, 2021), as compared to the same period of time in the past year. Meanwhile, as announced last […]
LONDON (Bloomberg) — Saudi Arabia and its OPEC+ allies shocked the oil market with a decision to keep supply in check, sending prices surging and adding inflationary pressure to the global economy as it emerges from the pandemic. One year on from the outbreak of a bitter price war that sent crude below zero, the […]
HOUSTON (Bloomberg) –The battered and bruised U.S. shale industry is finding a resurgence in one of the most unlikely places: private operators most investors have never heard of. Take the case of little known, closely held DoublePoint Energy. It’s now running more rigs in the Permian Basin than giant Chevron Corp. Meanwhile, family-owned Mewbourne Oil […]
Now that a full year has gone by since the Covid-19 pandemic began to slam the global economy in general, and oil demand in particular, the leaders of Saudi Aramco and Chevron see the market for oil and gas improving this year, with some momentum in the back half. But that outlook is tempered by […]
TEHRAN – Head of Iran’s Ports and Maritime Organization (PMO) has said the country’s passenger maritime transportation capacity is going to reach 25 million people per year by the end of the current Iranian calendar year (March 20), ILNA reported. “The passenger transportation capacity of the northern and southern ports of the country is currently […]
Tehran, March 1, IRNA – Head of Trade Promotion Organization of Iran (TPOI) Hamid Zadboom said on Monday that Iran’s foreign trade volume has reached $65 billion. Zadboom said that Iran’s foreign trade reached $65 billion during March 2020-February 2021. He added from this amount of foreign trade, about $34 billion is in imports and […]
TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh inaugurated three major oil industry projects worth €5.569 billion in Ilam and Boushehr provinces during a virtual ceremony on Monday, Shana reported. As reported, the minister officially inaugurated Azar Oil field development project in the western Ilam province and Kangan Petro-refinery’s ethane recovery unit in southwestern Boushehr […]
TEHRAN – Iran’s National Development Fund (NDF) has opened a €200 million credit line for the country’s Trade Promotion Organization (TPO) to use for developing exports of commodities and services to African countries. The mentioned fund has been allocated as part of a $2-billion support package which has been allocated by NDF for developing the […]