Oil Industry
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Reuters: US returning seized Venezuelan oil tanker
The US is handing over to Venezuela an oil tanker it seized earlier this month, Reuters reported on Wednesday, citing two American officials speaking on condition of anonymity.
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Report: Iran’s oil sales hit new record in past 14 months
Iran’s oil sales during the last 14 months have hit a new record despite US-led pressures, according to Oil Minister Mohsen Paknejad.
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analysts
China to replace Venezuelan oil with Iranian oil
Chinese independent refiners are expected to increasingly rely on Iranian heavy crude in the coming months, as Venezuelan oil shipments to China stall after the United States moved to redirect Venezuelan exports, analysts say.
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Iran Pioneers AI in Oil Industry with First WRFM Center Launch
The Iranian oil sector is embracing AI technology with the launch of its first WRFM center, which aims to optimize real-time management of wells, reservoirs, and surface facilities using advanced analytics, according to senior government officials.