Iran’s government spokesman said on Tuesday the 13th administration is seeking to broaden cooperation with energy partners.
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A member of the Iranian Parliament’s Energy Committee said on Tuesday cooperation between Tehran and Moscow in the energy sector is a crushing response to sanctions.
Brent crude was up 15 cents, or 0.2%, to $82.95 a barrel by 0911 GMT, while U.S. West Texas Intermediate (WTI) fell 21 cents, or 0.3%, to $78.53. Brent has gained almost 8% this year.
Iran’s Foreign Ministry spokesman said on Monday unilateral claim to the joint Arash gas field in the Persian Gulf will not create any rights for the claimant.
Iran’s oil sector achieved strong growth in the first nine months of the current Iranian calendar year (starting March 21, 2023), registering a 292 percent rise year-on-year.
OPEC+ members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil output cuts of 2.2 million barrels per day into the second quarter, giving extra support to the market amid concerns over global growth and rising output outside the group.
Brent futures climbed 14 cents to $83.69 a barrel at 0729 GMT after rising 2.4% last week. U.S. West Texas Intermediate (WTI) inched up 3 cents to $80 a barrel following a 4.6% gain last week.
The Federation of Iranian Energy Export Industries (FIEEI) head said on Saturday new markets can be identified by utilizing the energy capacities of Iran and Russia.
The 7th Summit of Heads of State and Government of the Member Countries of the Gas Exporting Countries Forum (GECF) convened in the historic city of Algiers, the People’s Democratic Republic of Algeria, on 2 March 2024.
The Iranian and Iraqi oil ministers discussed the integrated development of joint fields, trade of gas and oil products, payment methods, and development of infrastructure on Saturday.
Iran’s Oil Minister Javad Owji and his Venezuelan counterpart Pedro Tellechea met in the Algerian capital Algiers on Saturday and agreed to broaden cooperation in the petroleum industry.
Iran is ready to turn into an energy hub in the region and become a safe route for distribution and transit of gas between producers and consumer markets, President Seyyed Ebrahim Raeisi said in the Algerian capital Algiers on Saturday.
Iran’s Oil Minister Javad Owji and OPEC Secretary General Haitham Al Ghais exchanged views on developments of the global oil market in Algiers, the capital of Algeria, on Saturday.
Iran’s oil minister and Russia’s energy minister agreed on signing new contracts to develop oil and gas fields.
Venezuela's oil exports slightly increased in February to some 670,000 barrels per day (bpd), but ongoing shipping delays worsened a bottleneck of tankers waiting to load, according to documents and vessel monitoring data.
A member of the Iranian Parliament’s Energy Committee said on Saturday promotion of energy diplomacy is key to the development of the oil and gas industry and referred to Russia as the strategic partner of Iran in the energy sector.
Iran’s President Seyyed Ebrahim Raeisi arrived in the Algerian capital Algiers on Saturday to attend the 7th Gas Exporting Countries Forum (GECF) Summit of Heads of State and Government.
The average annual increase in Iran’s gas production from 2012 to 2022 was over two times the average rise in the global output in spite of brutal sanctions imposed on the country, said Oil Minister Javad Owji on Friday.
Iran’s Research Institute of Petroleum Industry (RIPI) was awarded for doing unique research into flare gas collection and putting the research into practice on the sidelines of the 7th Gas Exporting Countries Forum (GECF) Summit of Heads of State and Government in Algiers, the capital of Algeria, on Friday.
Iran’s Oil Minister Javad Owji said on Friday development of the gas industry and materialization of supply and demand security in the world demand establishment of global peace and depoliticization of trade energy.