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Oil producers to extend output curbs at OPEC meeting
Oil producers inside and outside the Organization of the Petroleum Exporting Countries (OPEC) group have little choice but to extend their deal from late 2016 curbing output when they meet in Vienna on Thursday, analysts said.
Iran has potential to raise oil production by 3 mbd: Official
Iran has the potential to increase oil production by 3 million barrels per day, an official said on Monday.
Tunisia protesters close down oil pumping station
Tunisian protesters demanding jobs and a share in energy wealth have closed down another oil pumping station in defiance of government efforts to protect oil and gas fields with troops and negotiate an end to unrest.
India Essar's four-month oil imports from Iran up 8%
Iran's key Indian client, Essar Oil received about eight percent more oil from Iran in the first four months of this year which recorded about 150,700 bpd, according to tanker arrival data obtained from trade sources and ship-tracking services on the Thomson Reuters terminal.
Saudi Arabia, Russia push for oil output cuts extension until March
Saudi Arabia and Russia, the world's two top oil producers, agreed on Monday on the need to extend oil output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up prices.
South Korea's Iranian crude imports top 1.4m tons in April
South Korea, one of Iran's main Asian customers, imported 1.41 million tons of Iranian crude in April, or 344,933 barrels per day (bpd), customs data showed on Monday.
Russia sees oil market balance in winter
Global oil markets will reach a supply-demand balance in late 2017 or early 2018 if a pact to cut output is extended, Russia's energy minister was quoted by local news agencies as saying.
OMV says talks on Iran claims settlement in final phase
Chief executive of Austrian energy group OMV said that talks with National Iranian Oil Company (NIOC) on settling outstanding claims which have hindered OMV from investing more in the country were almost complete.
Iran Oil Show 2017 kicks off
The 22nd Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show) began in the Iranian capital on Saturday with the participation of 4,000 national and international companies.
Iran to raise oil output at joint oilfield
The Iranian Offshore Oil Company will increase production at the Forouzan field, which Iran shares with Saudi Arabia, by 12,000 barrels daily, the company’s executive director said, adding that it will install two platforms at the field soon.
Iran's oil, gas output to grow by 2018
Iran's oil production increased from 2.92 million barrels per day (mbd) in 2015 to 3.69 mbd last year and is expected to increase by 21,000 bpd in the current year and reach 4.06 mbd in 2018, the International Monetary Fund announced in a report.
Iran preparing to host 22nd Oil Show
Iran is preparing for an annual oil exhibition in which some 1,500 companies from 37 countries are to showcase their latest technical achievements.
Iran palm oil market is expected to reach $648.4m by 2025
Iran palm oil market is expected to reach $648.4 million by 2025, according to a new report by Grand View Research, Inc.

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