Iranian Oil ,Gas and Petrochemical Products Exporters' Union

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Davos 2020
Here's what you need to know about the global economy More
OUTLOOK '20: Fundamentals supportive of oil prices in 2020
2020 looks set to be a bullish year for crude with several key factors pushing the price higher across the globe.The IMO 2020 regulations coming into effect and the US-China trade deal reaching a phase one agreement are some of the most pressing. More
Creating The OPEC Of Natural Gas
With global gas supplies growing faster than demand and forecasters warning of a deepening glut, it was only a matter of time before analysts began talking about a gas version of OPEC with the power to control international prices. But is an OGEC even possible? More
Africa’s energy future matters for the world
Africa is set to become increasingly influential in shaping global energy trends over the next two decades as it undergoes the largest process of urbanisation the world has ever seen, according to a new report from the International Energy Agency. More
Four Ways Oil Has Made Our Lives Better
The world’s most heavily traded commodity has been charged with climate change and found guilty both in the court of public opinion and in climate science circles, with governments, non-profits, and other groups competing over who can shout “climate emergency” the loudest. More
Chinese And Emirati Firms To Bid On Brazilian Refineries
China’s oil giant Sinopec, Abu Dhabi’s Mubadala Investment Company and two Brazilian firms including a joint venture of Shell, have been picked to submit binding bids for four refineries that Brazil’s state-oil firm Petrobras is selling, Reuters reported on Friday, citing people familiar with the sale process. More
US Refiners Reduce Crude Processing For First Time Since 2009
Refineries across the United States have reduced their total crude oil processing so far in 2019, as demand for oil products both in America and abroad has weakened, according to EIA data compiled by Reuters market analyst John Kemp.
Year to date, U.S. refiners’ crude processing has declined for the first time since the 2008-2009 crisis.
More
Oil Prices Fall As EIA Reports Crude, Gasoline And Distillate Build
Crude oil prices fell lower today after the Energy Information Administration reported a crude oil inventory increase of 1.6 million barrels for the week to November 22. The build in gasoline stockpiles, however, was larger—and distillate fuels booked a rise as well. More
Is Bill Gates Right On Energy Investing?
Not long ago, Bill Gates offered some investment advice. That, in itself, constitutes news, but the content and the reactions make up a more interesting story.
Gates told the Financial Times, in essence, that investors who want to do something about climate change should stop making up lists of companies they do not want in their portfolios based on involvement in fossil fuel production or use. They should, instead, invest in disruptive technologies that will provide actual solutions to climate change.
More
Huge Independent Refiner Prepares For Revolution In Markets
One of the world’s largest independent oil traders, Gunvor Group, plans to revamp its refinery in Rotterdam to adapt it to produce low-sulfur fuel oil that would be compliant with the new regulations on shipping fuel, Gunvor’s chief executive Torbjörn Törnqvist told Reuters. More

News

The Most Successful Oil Economy That’s Moving Away From Oil
A discussion about oil-dependent economies often calls to mind an image of some anonymous Middle Eastern country almost entirely dependent on its oil exports to generate revenues. But there is one Middle Eastern country that plans to celebrate the last barrel of oil that it will one day export. More
OPEC Mulls Extending Oil Production Cuts Through End-2020
OPEC members are discussing a potential extension of the oil production cuts through the end of 2020, an OPEC source told Russian news agency TASS More
China Virus Fears Send Oil Prices Even Lower
Oil prices were down early on Friday for a fourth consecutive session, as fears of the deadly Chinese virus spreading and concerns about oil demand trumped supply outages and set prices on course for a 5-percent weekly loss. More
The One Region Oil Markets Can’t Ignore this year
The year that is drawing to its close has been turbulent for the Middle East. While oil prices stubbornly refused to respond to efforts to push them higher, remaining locked in a tight and not particularly pleasant range. Will 2020 be any different? More
IEA hosts energy efficiency events under Japan’s presidency of the G20
The International Energy Agency recently hosted two energy efficiency events related to Japan’s presidency of the G20.
The third workshop of the G20 Energy End-Use Data and Energy Efficiency Metrics initiative took place on 21 and 22 November at the IEA headquarters in Paris under the title “Uncovering the role of digitalisation for energy efficiency indicators.”
More
Natural Gas Prices Crash On Warm Weather Warnings
Spot prices for natural gas fell sharply on Friday as forecasts for warm weather spooked traders who were hoping for increased demand heading into what is normally cold season in the United States. More
Iraq Is Finally Ready To Solve Its Biggest Oil Problem
The central Iraqi government said it had reached an agreement “in principle” with the government of semi-autonomous Kurdistan on the terms of sharing the oil production of the northern Iraqi province. More
Is This The Best Place In The World For Energy Investors?
BP’s 2019 energy outlook projects that big things are in store for India’s energy sector. The country’s energy demand is set to balloon by 156 percent by 2040, at which point BP has projected that the subcontinent will account for a whopping 11 percent of global energy consumption--double its current share. More
LNG Investments Hit Record In 2019
Investments in liquefied natural gas since the start of the year have hit an all-time high of $50 billion, the International Energy Agency’s head, Fatih Birol, told an industry conference.
“This year, 2019 already broke the highest amount of (final investment decisions) for the first time ever, $50 billion,” Birol told the LNG Producer-Consumer conference in Tokyo, as quoted by Reuters.
More
Iran Makes Huge Natural Gas Discovery - Could Power Tehran For 16 Years
Iran’s state oil company has struck natural gas at a new deposit, according to a report in PressTV, quoting another report from news agency Fars.
According to PressTV, NIOC’s head of exploration, Saleh Hendi, told Fars that “This field was discovered after a year of continuous exploration in southern Iran.”
More

Top News

  • Message From Saied Rafeiefar, Secretary General of Iranian Oil, Gas and Petrochemical Products Exporters' Union (OPEX) and Secretary of Policymaking Council
  • IBIA met with several large globally operating shipping and bunkering companies during a visit to Copenhagen in mid-January, who were all reporting a surprisingly smooth transition to the 0.50% sulphur limit for marine fuels which came into force on 1 January, 2020.
  • A discussion about oil-dependent economies often calls to mind an image of some anonymous Middle Eastern country almost entirely dependent on its oil exports to generate revenues. But there is one Middle Eastern country that plans to celebrate the last barrel of oil that it will one day export.
  • OPEC members are discussing a potential extension of the oil production cuts through the end of 2020, an OPEC source told Russian news agency TASS
  • Here's what you need to know about the global economy
  • Oil prices were down early on Friday for a fourth consecutive session, as fears of the deadly Chinese virus spreading and concerns about oil demand trumped supply outages and set prices on course for a 5-percent weekly loss.
  • Russian gas supplies shipped to Europe via Ukraine plummeted in the first two days of 2020, lifting hub prices and prompting central European countries to ramp up storage withdrawals and off-takes from Norway to compensate for the sharp decrease.
  • 2020 looks set to be a bullish year for crude with several key factors pushing the price higher across the globe.The IMO 2020 regulations coming into effect and the US-China trade deal reaching a phase one agreement are some of the most pressing.
  • There’s nothing like wild volatility to destroy the integrity of those high-end bankers and analysts who are brave enough to make oil price predictions year in and year out. But the forecasting nightmare doesn’t stop them, even at the worst of times. In the final month of last year, banks and analysts were brave enough to divulge their predictions for 2019.
  • With global gas supplies growing faster than demand and forecasters warning of a deepening glut, it was only a matter of time before analysts began talking about a gas version of OPEC with the power to control international prices. But is an OGEC even possible?

 

 


Last Update : Jun 3, 2019 13:34
تصویر نمادالکترونیکی

About Us

The section of oil, gas and petro-chemistry is the up-most and first industrial vantage of the country and the pivot of the Economy of Iran. Regarding the importance of this section and the need for coordinating and organizing the most active people in the field of production and exporting oil ,gas, and petrochemical products ,some forethoughtful and job- makers in the private section of the country decided to come together to fight against the threats by using the opportunity of mass intelligence and potentials.