Wednesday 31 August 2016
 
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Iran sets terms for backing oil producers meet

Iran will help other oil producers stabilise the world market so long as fellow Opec members recognise its right to regain lost market share, the country' oil minister said on Friday ahead of next month's meeting of the oil exporters gro

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Nissan seeks to boost South Korean output

Nissan Motor wants to increase the output of its Rogue model at Renault's factory in South Korea this year, as a stronger yen makes exports from Japan less competitive, a Renault executive told Reuters. The yen has jumped 20 p

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Nissan seeks to boost South Korean output

Nissan Motor wants to increase the output of its Rogue model at Renault's factory in South Korea this year, as a stronger yen makes exports from Japan less competitive, a Renault executive told Reuters. The yen has jumped 20 p

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Iran’s copper concentrates output exceeds 370,000 tonnes

Iran produced a total of 371,363 tonnes of copper concentrates from March 20 to July 21 this year, indicating a growth of 22.84 per cent against 302,307 tonnes produced in the same period last year, said a report. Announcing this,

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Iran's oil output rises to 3.85m bpd

Iran is pumping 3.850 million barrels of crude oil per day (bpd) and exporting 2.2 million bpd, Ali Kardor, managing director of the National Iranian Oil Company (NIOC), was quoted as saying by state news agency Irna on Tuesday. I

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Yemen resumes oil output, exports from Masila fields

Yemen has resumed production and exports from its Masila oilfields for the first time since a civil war began more than 16 months ago, state news agency sabanew.net reported on Thursday. The agency, which is run by the exiled gove

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Non-Opec oil output decline rates speed up

Non-Opec oil field decline rates have accelerated to 5 per cent as a result of the impact on output from a 41 per cent or $285 billion reduction in global oil & gas capex from the 2014 peak, a Bank of America Merrill Lynch (BofAML) report

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Oil prices fall on oversupply concerns despite output cuts

Oil prices eased on Tuesday as concerns over a crude and refined fuel glut outweighed an expected cut in US shale production and a probable further draw in US crude inventories.   Crude prices fell more than 1 pe

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Algeria boosts oil output at two major fields

Algeria has boosted output in recent months at two major oil fields, including the Hassi Messaoud field, an oil official said, as the Opec member strives to maximise production to make up for lost revenue.   Prod

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Jam Petrochemical Plant reaches output capacity

Jam Petrochemical Plant, a leading polypropylene producer in Iran, has approached its nominal output capacity of polypropylene, said a senior company official in a report. The company’s production reached 48,000 tonnes in th

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