Oil markets are rebalancing after a collapse in demand following the coronavirus outbreak but the pathway to “the next normal” is still very uncertain, the CEO of Abu Dhabi’s National Oil…
Energy
Work on a pipeline to supply recycled wastewater to industries in Yazd Province will be completed by next March, managing director of Yazd Regional Water Company said.
Close to 1,800 megawatts will be added to the national grid next month to help meet rising demand in summer, managing director of Iran's Thermal Power Plants Holding Company said. “Thermal…
OPEC is cautiously optimistic that the worst of the oil crisis triggered by the coronavirus pandemic is over, said the group’s top official.
Projects are underway in Tehran to help get out of the critical conditions it is facing due to land subsidence, director of Tehran Regional Water Company said.
Oil rose as Saudi Aramco slashed its sales to key buyers and the IEA said that the market is showing signs of improving. Futures in New York added as much as 4.4%. Saudi Aramco cut sales to the…
A strong wave of coronavirus resurgence in the southern oil province of Khuzestan has not hampered crude production, the National Iranian Oil Company's deputy managing director for planning…
Gasoline inventories are full and the National Iranian Oil Refining and Distribution Company needs to export the fuel, a spokesman of the Petroleum Products Exporters Union said. “Gasoline…
Electricity prices in Japan are hitting the lowest possible, effectively zero, with increasing regularity as the coronavirus pandemic slows industrial activity and renewable energy supplies such…
Power outages during peak hours almost ended in 2019 and a similar trend is forecast this year, managing director of Iran's Thermal Power Plants Holding Company said.
While the global oil market remains in a dire situation, it is starting to look like the nightmare scenario envisioned for the past month might just be averted. The industry feared a flood of…
Oil futures rose on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June to help drain the glut in the global market that has grown as the coronavirus…
Only a fraction of treated wastewater produced in Khomein County’s Wastewater Treatment Plant in Markazi Province is used in industries and the rest is dumped into rivers, managing director of…
Power loss in Iran’s electricity distribution network is close to 6,000 megawatts per day, an energy expert said. “Electricity losses are very high and like wasting $37,500 a day,” Bargh News…
Gas flaring in phases 17 and 18 of the giant South Pars Gas Field in the Persian Gulf has reduced by 50% to help preserve the environment, head of South Pars’s seventh refinery said. “With the…
Oil prices fell on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic combined to cancel out support from supply cuts at some of the world’s top…
Three wastewater treatment plants are under construction in Kurdestan Province, director of the provincial Water and Wastewater Company said. “The projects are underway in Kamyaran, Divandareh…
China has issued 28 million tons of refined fuel export quotas in the second allotment for this year, little changed from the first batch of 27.99 million tons issued last December, according to…
Big Oil emerged from first-quarter earnings battered and bruised, but things are only going to get uglier. Major oil and gas producers from Norway to the US saw profit plunge in the opening…
Mass emigration, low precipitation and illegal water withdrawal from depleting underground water resources have contributed dangerously to water shortages in Alborz Province, head of the…
Iran exports about 1,500 megawatts of electricity and 30 million cubic meters of gas to Iraq every day, the money for which is deposited in the Trade Bank of Iraq, a spokesman of the Iranian Oil…
Wastewater produced in Behesht Zahra Cemetery where dead bodies including Covid-19 victims are washed does not enter the Tehran sewage collection network, deputy head of the Supervision…
Consulting firm IHS Markit expects oil demand in the second quarter of 2020 to be 22 million barrels per day less than a year ago. This collapse in demand combined with low oil prices, storage…
Natural gas transfer capacity has increased by 150 million cubic meters a day in the last four months, director of dispatching at the National Iranian Gas Company said.
BP Plc has won Australian government backing for a feasibility study into producing hydrogen using wind and solar power to split water and converting the hydrogen to ammonia in Western Australia…
