Iranian Oil ,Gas and Petrochemical Products Exporters' Union

Selected News

News List

Largest Oil Glut In History Could Force Crude Prices Even Lower
The oil market is heading for the largest ever crude glut in the first half of 2020, which could be two to nearly four times bigger than the biggest surplus recorded so far, IHS Markit says, as quoted by Bloomberg.
18:16 ( 31 03 20)
[ Number of visit : ۴ ]
The Most Expensive Oil And Gasoline In The World
Whether or not you follow oil markets, you will likely have seen articles in the media lately claiming that the price of oil has fallen to $20, or that it could possibly fall to $10. The truth about the oil market, however, is far more complex than that. The number quoted in media headlines usually refers to one of two types of crude oil.
18:13 ( 31 03 20)
[ Number of visit : ۵ ]
Oil Majors Are Preparing For $10 Oil
The wave of oil industry spending cuts continues, with the majors now announcing significant reductions to spending as oil remains stuck in the $20s. Royal Dutch Shell said on Monday that it would cut spending by 20 percent, or about $5 billion, and also suspend its share buyback plan. French oil giant Total SA and Norway’s Equinor announced similar moves.
13:38 ( 30 03 20)
[ Number of visit : ۸ ]
Oil Prices Could Fall Another 20%
Brent crude was down four percent Friday afternoon at $27.50 per barrel. US crude was five percent lower at $21.47 per barrel.
13:13 ( 29 03 20)
[ Number of visit : ۱۴ ]
Russia Sees Oil Market Balance In 2021
The global oil market could return to balance in at least one year, all things being equal as-is, Russian Deputy Energy Minister Pavel Sorokin said at a forum in Russia on Friday.
12:56 ( 29 03 20)
[ Number of visit : ۱۱ ]
Iran’s First Downstream Oil Industry Exhibition, on the Occasion of the First Downstream Oil Industry Exhibition
Message From Saied Rafeiefar, Secretary General of Iranian Oil, Gas and Petrochemical Products Exporters' Union (OPEX) and Secretary of Policymaking Council
11:26 ( 22 02 20)
[ Number of visit : ۱۷ ]
IMO 2020 preparations pay off
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.
11:25 ( 22 02 20)
[ Number of visit : ۱۶ ]
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.
11:23 ( 22 02 20)
[ Number of visit : ۱۷ ]
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
11:21 ( 22 02 20)
[ Number of visit : ۱۴ ]
Davos 2020
Here's what you need to know about the global economy
10:43 ( 22 02 20)
[ Number of visit : ۱۹ ]

Photo and video

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.