After a bumper year of share buybacks and dividends, investors in debt-light Canadian oil and gas producers are set to reward shareholders even more in 2023 as…
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Six European Union countries, including Germany and the Netherlands, have warned that they cannot accept other member states’ attempts to lower further the level at which the…
China is paying the deepest discounts in months for Russian ESPO crude oil amid weak demand and poor refining margins even though the effective prices refiners pay…
The Ministry of Oil in its latest report announced that the country’s export value of petrochemicals in the first seven months (Mar. 21-Oct. 22) registered about a…
Moscow is considering three possible options to respond to the introduction of a price cap on Russian oil by the EU and G7, a Russian newspaper reported.
Media sources on Tuesday reported that an Iranian tanker carrying about 2 million barrels of ultra-light oil arrived this week in Venezuelan waters.
Venezuela…
The CEO of South Pars Gas Complex announced that with the introduction of the cold snap in the country and the decrease in temperature and the consequent…
Iranian Minister of Petroleum Javad Owji hosted a meeting in his Tehran office on Tuesday evening with the visiting Tajik minister of energy.
The…
Oil prices fell in a volatile market on Tuesday as the U.S. dollar stayed strong and economic uncertainty offset the bullish impact of a price cap placed…
Russia’s Gazprom (GAZP.MM)said on Tuesday it had started production at the Semakovskoye gas field in the Russian Arctic with gas being pumped into the country’s national supply system.
Natural gas usage in Iran hit a new high on December 6 as freezing temperatures swept across the country.
A statement by the…
The National Iranian Oil Company has used modern methods developed by knowledge-based companies to discover new oil reserves in southwestern Iran, an official said.
The CEO of the National Petrochemical Company, while emphasizing the need to create sufficient motivation for human capital, said: “It is planned that all the products and…
The director of exploration of the National Iranian Oil Company (NIOC) announced the discovery of new oil reservoirs in the southwest of Iran, and said: “There are…
Oil prices rose 3% on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and the start of a G7 price…
The market for old oil tankers is booming, and it’s all down to efforts by Western nations to curb trade in Russian crude.
As…
Turkey is conducting preparatory works to create a gas hub to supply gas to Europe, Turkish President Recep Tayyip Erdogan said on Sunday.
“[Russian…
The CEO of the National Iranian Oil Company (NIOC) said phase 11 of the massive South Pars gas field would start production in the near future.
The 34th OPEC and non-OPEC Ministerial Meeting took place by videoconference on Sunday, 4 December 2022.
In line with the decision of the OPEC…
Russia will not recognize a so-called ‘price cap’ on Russian oil which the European Union adopted this week, officials announced Saturday.
“We will not…