OPEC oil output jumps to 2017 high as Nigeria, Libya pump more

OPEC oil output has risen in June by 280,000 barrels per day (bpd) to a 2017 high, a Reuters survey found, as a further recovery in supply from the two member countries exempt from a production-cutting deal offset strong compliance by their peers.

Oil up for seventh day but first-half drop biggest since 1998

Oil climbed on Friday for a seventh straight session as a decrease in the U.S. rig count and stronger demand data from China lifted depressed prices that still finished the first half with the biggest decline for that period since 1998.

Zarif: Iran can be reliable trade partner for Germany

Tehran, June 27, IRNA – Iranian Foreign Minister Mohammad Javad Zarif underlined that the time is ripe for Tehran and Berlin to boost their economic cooperation, and said that Iran can be a good trade partner for Germany.

Iran to export first Phase 17&18 butane cargo

TEHRAN, June 24 (Shana) -- The operator of South Pars phases 17 and 18 said the first butane cargo belonging to the projects will be loaded and exported before July.

$Germany\'s Wintershall Eyeing Iran\'s Oil Projects$

Germany's Wintershall Eyeing Iran's Oil Projects

TEHRAN (FNA)- Germany’s biggest oil and gas company Wintershall declared its readiness to take part in Iran's energy projects.

Iran Blames High US Output for Falling Oil Prices

TEHRAN (FNA)- Iranian Oil Minister Bijan Namdar Zangeneh blamed a recent rise in the US oil production for the falling crude prices in the international markets.

Iran Resumes Gas Exports to Iraq

TEHRAN (FNA)- Iranian Deputy Oil Minister Amir Hossein Zamaninia announced that Iran has resumed gas exports to Iraq after it was temporarily halted.

With oil washing out, Russia’s zeal to reform remains elusive

Oil's slide has made Russia and Saudi Arabia case studies in how — and how not — to manage the fallout of weak energy prices. A Pew poll shows Russians have lost some confidence in Putin's handling of the economy. Russia is still too reliant on energy, even though Putin thinks the country's economic woes are over.

Oil Investment Ensures Economic Stability: Expert

TEHRAN, June 19 (Shana) -- Head of Iran-China joint Chamber of Commerce Majid-Reza Hariri says arrival of new investment in Iran's oil industry can ensure economic stability of the country.

NIOC to Represent Iran at 22nd World Petroleum Congress in July

TEHRAN, June 19 (Shana) -- The National Iranian Oil Company (NIOC) will run a stand at the 22nd World Petroleum Congress to be held in İstanbul (Turkey) on 9-13 July, 2017.

Tehran, Jakarta Oil Trade Rising

TEHRAN, June 19 (Shana) -- Energy trade between Iran and Indonesia has been rising in recent years and is growing, Indonesian ambassador to Tehran, Okatawnew Ali Modin said.

Oyster shells inspire new method to make superstrong, flexible polymers

Researchers at Columbia Engineering have demonstrated for the first time a new technique that takes its inspiration from the nacre of oyster shells, a composite material that has extraordinary mechanical properties, including great strength and resilience. By changing the crystallization speed of a polymer initially well-mixed with nanoparticles, the team was able to control how the nanoparticles self-assemble into structures at three very different length scale regimes. This multiscale ordering can make the base material almost an order of magnitude stiffer while still retaining the desired deformability and lightweight behavior of the polymeric materials. The study, led by Sanat Kumar, Bykhovsky Professor of Chemical Engineering, is published June 7 online in ACS Central Science. Read more at: https://phys.org/news/2017-06-oyster-shells-method-superstrong-flexible.html#jCp

$Iran Expects to Sign World\'s Biggest Gas Field Deal in Next Two Weeks$

Iran Expects to Sign World's Biggest Gas Field Deal in Next Two Weeks

Iran and France’s Total SA expect to sign a contract to develop part of the world’s biggest natural gas field in the next few weeks in what would be the Persian Gulf country’s first investment by an international energy company since sanctions were eased last year.

$Iran, Total Deal Final before end of Rouhani\'s First Term: Zangeneh$

Iran, Total Deal Final before end of Rouhani's First Term: Zangeneh

TEHRAN, June 17 (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh says a deal to develop South Pars 11 project between NIOC and the Total will be finalized before the end of President Rouhani's first term in office.

Oil prices struggle on doubts OPEC can rein in oversupply

Oil prices wallowed near their lowest levels in seven months early on Thursday, hurt by high global inventories and doubts over OPEC's ability to implement production cuts.

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