Managing Director of Iran South pars Gas Complex (SPGC) stated: “The sweet gas production of the SPGC gas refineries...

Iranian Offshore Oilfield Co. (IOOC) has refreshed the tender for supply and running services of liner hanger ....

Managing Director of Pars Oil and Gas Company (POGC) hoped that the project to construct the 200 km 32” sub-sea gas pipeline from Kish Island to Assaluyeh...

Chevron Corporation (NYSE: CVX) booked slightly higher earnings for the first quarter than analysts had expected, thanks to higher oil and gas production that offset part of the weaker refined product margins and low natural gas prices.Chevronreportedon Friday earnings of $5.5 billion, or $2.97 per share, for the first quarter of 2024,

ExxonMobil (NYSE: XOM) reported on Friday underwhelming earnings for the first quarter that were lower than consensus estimates, due to declining natural gas prices and refining margins and non-cash adjustments.The U.S. supermajorbookedfirst-quarter earnings of $8.2 billion, down from $11.4 billion for the first quarter of 2023. Earning

Phillips 66 (NYSE: PSX) reported lower-than-forecast profits for the first quarter of the year, as refining margins halved from the year-ago period and refinery maintenance affected product sales.The U.S. refinerreportedon Friday first-quarter earnings of $748 million, down from $1.3 billion for the fourth quarter and $1.96 billion for

The fact that a record 90% share of all new car sales in Norway are electric has failed to make any impact on the country’s oil demand, indicating that hopes of rising EV uptake making an immediate dent in global oil demand are unrealistic.Last year,82.4% of all newpassenger cars sold in Norway were fully electric, up from 79.3% in 2022

The global economy is likely to continue on its current strong course, according to a poll among economistsconductedby Reuters. While this is bullish for oil, some of the implications will likely keep prices range-bound.Global GDP growth could reach 2.9% this year, the 500 respondents Reuters polled said. This means that central banks w

China’s dominance over EV supply chains risks making U.S. subsidies for the industry unusable, South Korea has said.Subsidies for EV manufacturing, including components, under the Inflation Reduction Act seek to reduce sourcing from China. Yet China controls almost the entire EV supply chain. This means few if any companies involved in

Crude oil prices may end this week in the green as the U.S. Treasury suggested the weak first-quarter GDP data may be revisable and as supply concerns persisted.If the benchmarks do indeed end the week with gains, it would be the first positive week in three."The U.S. economy continues to perform very, very well," Janet YellentoldReute