Saeid Pourmorad / University of Coimbra Samira Abbasi / University of Marine Science and Technology Ashutosh Mohanty / Madhyanchal Professional University Effective reservoir management, aimed at maximizing oil recovery, necessitates meticulous analysis of pressure history, production data, and hydrodynamics, and comprehending underlying production mechanisms (Lu et al., 2020). This comprehensive approach is indispensable for optimizing
(Bloomberg) – Oil prices will surge if the Israel-Hamas war escalates to include Iran, according to shale magnate Scott Sheffield. Pioneer Natural Resources CEO Scott Sheffield The founder and Chief Executive Officer of Pioneer Natural Resources Co. issued the warning during an interview with Bloomberg Television on Wednesday, just hours after ExxonMobil Corp. agreed to
(Bloomberg) – Iran plans to keep raising oil production as back-door diplomatic efforts with the U.S. appear to be easing pressure on the Middle Eastern nation. The Islamic republic expects to boost production to 3.4 MMbpd by the end of summer, according to Oil Minister Javad Owji. That would put output near Iran’s capacity limit
(Bloomberg) – Iran’s oil exports are surging this month, swelling global flows at a time when other producers are cutting back, according to a firm that monitors satellite imagery of individual tankers. The boom is awkward for the U.S., which officially still has sanctions in place that should restrict Iran’s shipments. Even so, the extra
(Bloomberg) – Russia started swapping oil products with Iran, Interfax reported, the latest sign of deepening ties between the two sanctioned countries pushed closer by Russia’s war in Ukraine. The range of swapped products will be expanded, Interfax cited Deputy Prime Minister Alexander Novak as saying, without giving further details, after a meeting with Iranian Oil
(Bloomberg) — Secretary of State Antony Blinken said it was ‘unlikely’ the U.S. and Iran would reach a new nuclear deal anytime soon, adding to Western officials’ downbeat assessment over the prospects for reviving an accord that President Donald Trump abandoned in 2018. Blinken “What we’ve seen over the last week or so in Iran’s
(Bloomberg) — International atomic monitors convened Monday to discuss a standoff with Iran that’s dragged efforts to revive a landmark agreement to curtail the country’s nuclear program deeper into disarray. The International Atomic Energy Agency’s probe into Iran’s past nuclear activities has taken center stage in talks to resuscitate the 2015 deal, where success could
(Bloomberg) — Progress toward an Iranian nuclear deal has thrown the spotlight onto a sizeable cache of crude held by Tehran that could be swiftly dispatched to buyers in the event an agreement gets hammered out. About 93 million barrels of Iranian crude and condensate are currently stored on vessels in the Persian Gulf, off Singapore and
(Bloomberg) — A last-ditch attempt by Europe to revive the Iranian nuclear deal has stoked speculation that millions of barrels of oil are set to flood world markets. The return could be swift if Tehran’s previous comeback is any guide. Should an agreement materialize, Iran could ramp up sales within months, raising supply by hundreds
(Bloomberg) — Iran warned that proposed U.S. legislation targeting the Islamic Republic could further imperil stalled Biden administration efforts to resurrect the moribund nuclear deal. The bipartisan U.S. Senate bill, called the Iran Nuclear Weapons Capability Act of 2022, seeks to compel the government to assess the dangers posed by Iran and come up with a