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👤Arthur Greene
🕔November 22, 2016
Sales at U.S. retail stores rebounded in September, with auto dealers and gas stations racking up the biggest gains, in a sign consumers are still spending enough to keep the economy on a slow but steady growth path.…
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Iran To Halt Gasoline Importation In 2017
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👤Arthur Greene
🕔November 14, 2016
Ali Kardor, the managing director of the National Iranian Oil Company (NIOC), told domestic media that there would be no provision in next year’s budget bill – currently being drafted by the government – for the import of gasoline.
Iran is actively involved in construction of new crude oil refineries, as well as upgrading existing ones.…
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👤Lisa Harris
🕔July 27, 2016
- Gasoline glut strengthens likelihood of fall
- Oversupply in the downstream sector
Since the energy prices plummeted in 2014, Oil prices have been moving half-heartedly with an oil glut consistently dampening its enthusiasm to make full recovery.
There seems to be more trouble looming ahead as Oil companies had previously raised the production quota of their refined crude oil products like gasoline to compensate for the low price of Crude enabling them still make around the same amount of profit they made before the price of oil dropped.…
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