Bozorgmehr Sharafedin

Iran's oil storage almost full as sanctions and pandemic weigh

07 Jul 2020

LONDON Iran has slashed crude oil production to its lowest level in four decades as storage tanks and vessels are almost completely full due to a fall in exports and refinery run cuts caused by the coronavirus pandemic, industry data showed.

UPDATE 6-Oil mixed on tighter supply, surge in U.S. virus cases

06 Jul 2020

* U.S. oil rigs fall for 9th week - Baker Hughes (Updates prices)

Oil rises on signs of economic recovery, ignoring surging infections

01 Jul 2020

LONDON Oil prices rose on Wednesday on improving factory activity in China and drawdown in U.S. crude inventories, both indicating an economic recovery and rise in energy demand despite surging coronavirus infections around the world.

UPDATE 7-Oil rises on improving economic data but virus worries loom

29 Jun 2020

* Brent set to end June with a third monthly gain in a row (Updates prices, adds quote)

Fuel demand accelerates but new virus wave may slam on the brakes

25 Jun 2020

LONDON/NEW YORK Fuel demand is gradually recovering as coronavirus lockdown measures ease around the globe but a second wave of infections could swiftly undermine the trend, industry data showed.

Special Report: Inside Iran’s secret project to produce aluminium powder for missiles

24 Jun 2020

LONDON At the edge of the desert in North Khorasan province in northeast Iran, near the country’s largest deposit of bauxite, sits an aluminium production complex that the government has publicly hailed as a key part of its efforts to boost output of the metal.

Huge stockbuilds to keep oil product profit margins under pressure - IEA

16 Jun 2020

LONDON Massive build-ups in stocks in recent months are set to keep profit margins for refining crude into petroleum products like road and aviation fuels subdued, the International Energy Agency said on Tuesday.

Defying Trump, Iran aims to keep offloading gasoline glut to Venezuela

16 Jun 2020

LONDON Iran could send two to three cargoes a month in regular gasoline sales to ally Venezuela, sources say, helping offload domestic oversupply but risking retaliation from U.S. President Donald Trump who has sanctions on both nations.

Defying Trump, Iran aims to keep offloading gasoline glut to Venezuela

15 Jun 2020

* Tehran could send 2-3 tankers a month to Venezuela, sources say

Swamped by diesel, refiners struggle with coronavirus recovery

04 Jun 2020

LONDON/NEW YORK/SINGAPORE Brimming diesel inventories and stronger oil prices are driving down refining profits, stifling incentives to hike production even as fuel demand recovers from the coronavirus hammering.

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