Top oil exporter Saudi Arabia may keep the price for its flagship Arab Light crude little changed to Asia after five months of price hikes, as the market, rattled by geopolitical tensions, juggles supply uncertainty with declining demand.
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Oil prices rose more than 1% on Wednesday ahead of the keenly watched meeting of the U.S. central bank for clues on interest rate policy, while the conflict in the Middle East remains in focus.
Iran is looking to renewables to solve its annual energy shortages, which have become a growing concern for industries and households, who face power cuts and shortages of both power and gas.
RoydadNaft – Iranian Oil Ministry has signed 12 deals worth $34 million with various knowledge-based companies over the past year, IRNA reported.
As reported, the National…
Iran's Supreme Leader Ayatollah Ali Khamenei called on Muslim states to cease oil and food exports to Israel, demanding an end to its bombardment of the Gaza Strip, state media reported.
Oil Minister Javad Owji on Wednesday announced that Iran’s oil production has reached 3.4 million barrels per day (bpd).
RoydadNaft – The cabinet approved incentives to investment in the gas industry with the aim of redressing imbalance, said Iran’s government spokesman on Wednesday.
Indian Oil Corp Ltd (IOC) reported a profit for the second-quarter on Tuesday, compared to a loss year ago, as the country's top refiner benefited from higher refining margins.
Oil prices rebounded in Asian trade on Tuesday, after a drop of more than 3% in the previous session, as worries over supply stirred by conflict in the Middle East offset dismal China data.
RoydadNaft – While most outlets have been harping on the $6 Billion in aid recently released to Iran by the Biden Administration, Rare would like…
A member of Iran’s Parliament on Tuesday praised the Oil Ministry for doubling exports and getting the revenue over the past two years.
The CEO of India's Petronet LNG said on Monday he hoped negotiations between India and Qatar to extend their long-term liquefied natural gas import deals beyond 2028 would not be harmed by a diplomatic row between the countries.
Canadian Solar said on Monday it would invest $800 million to build a solar photovoltaic (PV) cell production facility at the River Ridge Commerce Center in Jeffersonville, Indiana.
Oil slipped more than 1% on Monday as concern eased about the Israel-Hamas war affecting supply from the region and as investors adopted caution ahead of this week's U.S. Federal Reserve meeting and other indications of global economic health.
A $27-billion deal between Iraq and France’s TotalEnergies signed in July will produce nearly 600 million cubic feet per day (mcf/d) of gas that will be enough to feed power facilities with a capacity of 5,000 megawatts (MW), Iraq’s Oil Minister has said.
The International Monetary Fund (IMF), in its latest World Economic Outlook Report dubbed “Navigating Global Divergences”, has positively revised its forecast for Iran's gross domestic product (GDP) growth in 2023, expecting the country’s economy to grow 3.0 percent this year.
The head of Iran’s National Petrochemical Company (NPC) has said the company is collaborating with the Energy Ministry to ensure sustained power supply to the petrochemical plants across the country, NIPNA reported.
India has recovered its enormous appetite for Russian oil and is likely to buy between 1.5 million barrels per day (mbpd) and 1.7 mbpd, moving back to levels last seen around March.
The Argentine government and oil companies on Saturday said fuel shipments are starting to arrive that in coming days should ease a shortage, after a spike in demand caused long lines at gas stations.
RoydadNaft – Iran’s Permanent Mission to the United Nations has defended its yes vote to an Arab-drafted resolution on the Gaza war at the UN…