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Iran To Increase Forouzan Oilfield Output By 10%
National Iranian Offshore Oil Company (NIOOC) plans to increase production at the Forouzan Oilfield by 10 percent…
China’s Yuan Reforms Promising: US Geither
U.S. Treasury Secretary Timothy Geithner told Chinese President Hu Jintao on Friday that China's moves toward a…
Iraq Crude Exports Hit 2-Decade Record In April
Iraq’s Oil Ministry spokesman Assem Jihad says the country has boosted its crude exports in April to an average of…
EGPC’s Shake-Up In Egypt Subsidies On Petroleum Products
The Egyptian General Petroleum Corporation (EGPC) has made proposals to help the government cut LE35 billion ($5.8…
Gold Retreats Amid Hitting Two-Week High
Gold edged down on Wednesday after hitting a two-week high in the previous session as upbeat U.S. manufacturing…
South African Crude Oil Imports From Iran Reach $434 Mln
South African crude oil imports from the Islamic Republic of Iran have increased to $434.8 million in March from…
Gold Inches Up Two-Week High On Tuesday
Gold inched up to a two-week high on Tuesday, supported by weakness in the dollar after latest data indicated the…
New Natural Gas Field Discovered In Iran
Iran has found a new natural gas field in the country's southwestern province of Khuzestan which is estimated to…
China Mulls Guarantees For Ships Carrying Iranian Oil
China is considering sovereign guarantees for its ships to enable the world’s second-biggest oil consumer to…
Sudan’s Oil Revenues 20% Lower
Sudan’s already depleted oil revenues have shrunk by a further 20 percent – more than $700 million – after its main…