A senior official with the Iranian Ministry of Petroleum has said a tripartite agreement, signed among the Islamic Republic, Venezuela, and Syria, envisages the building of a new oil refinery in the Arab country’s Homs Province. Deputy Oil Minister Jalil Salari provided the information in an interview with Iran’s Fars ...
Oil prices surged to their highest level in over a year during Asian trading hours, after crude stocks at a key storage hub fell to their lowest since July last year. Crude inventories in Cushing, Oklahoma fell to 22 million barrels in the fourth week of September — hovering close ...
