U.S. fuel retailers are fighting the inclusion of a tax credit for sustainable aviation fuel (SAF) in Democrats’ $430 billion spending bill, arguing SAF is more carbon…
ECONOMY Feed Atom
Goldman Sachs said the case for higher oil prices was still strong with current supply shortfalls well above its expectations in recent months, despite a recent retreat…
India’s crude import bill increased to $47.5 billion in the second quarter after a surge in global prices coincided with rebounding fuel demand
In…
Oman recorded a budget surplus of 784 million rials ($2 billion) in the first half, driven by higher sales for oil and natural gas.
Britain has launched an investigation under new national security rules into the sale of a 60% stake in National Grid’s (NG.L) gas transmission and metering…
The Dispatching Director of Iran National Gas Company emphasized the important and decisive role of the 42-inch Rasht-Chalund gas transmission line in gas exchange with the Republic…
An electricity industries spokesman said that Iran is highly expert in manufacturing thermal power plants and exporting them to regional countries.
Mostafa Rajabi Mashhadi…
European Union countries formally adopted the bloc’s emergency plan to curb gas use on Friday, as they attempt to save fuel for a winter of uncertain Russian…
Global oil prices dropped on Thursday to their lowest levels since before Russia’s February invasion of Ukraine as traders fretted over the possibility of an economic recession…
OPEC leaders Saudi Arabia and the United Arab Emirates stand ready to deliver a “significant increase” in oil output should the world face a severe supply crisis…
Iran, as a founding member of OPEC, would definitely continue its constructive interaction with the OPEC and would effectively support the new Secretary General as well as…
United Nations Secretary-General Antonio Guterres on Wednesday slammed the “grotesque greed” of oil and gas companies and their financial backers and urged governments globally to “tax these…
The West’s energy giants are set to return a record $30 billion to investors after reporting bumper profits in the second quarter of the year following a…
OPEC+ is set to raise its oil output goal by 100,000 barrels per day, an amount analysts said was a setback to U.S. President Joe Biden after…
The Group of Seven (G7) wealthy nations is looking at blocking the transportation of Russian oil among other options to deprive Moscow of bumper revenues amid its…
A senior energy expert says following the Ukraine war, Iran has the chance to use Russia’s excess gas export capacity to become a regional hub for the…
OPEC’s new secretary general said that Russia’s membership in OPEC+ is vital for the success of the agreement.
OPEC’s new secretary general said that…
There is little Russia can do to help with urgent repairs required to malfunctioning Nord Stream 1 gas pipeline equipment, Kremlin spokesman Dmitry Peskov said on Monday,…
Oil prices are proving resilient to global economic recession fears and have outperformed major equity indices and the U.S. dollar so far this year as Western sanctions…
Customs statistics show that Iran has exported 116 million liters of gasoline worth 32 million dollars during the first month of the current Iranian calendar year.