Germany should face the possibility that Russia will continue to suspend gas flows through the Nord Stream 1 pipeline beyond a planned maintenance shutdown this month, Economy…
ECONOMY Feed Atom
The Biden administration opened the door to selling new oil and gas drilling leases in the Gulf of Mexico and Alaska in a move likely to anger…
An Iranian-flagged tanker seized by Greece in April, part of whose cargo was confiscated by the United States, was being towed to the port of Piraeus on…
Jeopardizing energy security and heightening market volatility have borne lose-lose outcomes for all players, Iranian Minister of Petroleum said on Friday, adding global oil market needs an…
Pakistan’s former foreign minister’s advisor on international law Sikander Ahmed Shah has advised Islamabad that greater engagement with Tehran, particularly in the area of energy security and…
A report released by the Organization of the Petroleum Exporting Countries (OPEC) indicates that Iran has earned more than $25 billion in revenue from oil exports…
OPEC in June did not deliver on an oil output increase pledged under a deal with allies, a Reuters survey on Friday showed, as involuntary declines in…
Oil prices rose about $2 a barrel on Friday, recouping most of the previous session’s declines, as supply outages in Libya and expected shutdowns in Norway outweighed…
President Vladimir Putin has raised the stakes in an economic war with the West and its allies with a decree that seizes full control of the Sakhalin-2…
The 30th OPEC and non-OPEC Ministerial Meeting was held via videoconference on 30 June 2022. In view of current oil market fundamentals and the consensus on…
Joe Biden’s July trip to the Middle East is poised to be a significant moment for gasoline prices, with the US president setting his sights on a…
Iranian President Seyed Ebrahim Rayeesi in a meeting with his Russian counterpart Vladimir Putin underlined the need for the two countries to support strengthening the North-South corridor,…
Oil prices sank about 2% on Thursday as OPEC+ confirmed it would only increase output in August as much as previously announced despite tight global supplies, but…
Oil prices are expected to stay above $100 a barrel this year as Europe and other regions struggle to wean themselves off Russian supply, a Reuters poll…
Iranian President Ebrahim Raisi in a meeting with his Turkmen counterpart Serdar Berdimuhamedow on Wednesday said that the Islamic Republic is ready to further direct Turkmen gas…
Canada is in talks with its European allies, including Spain and Germany, about exporting oil and gas from its east coast to alleviate energy constraints and provide…
OPEC and OPEC+ began two days of meetings on Wednesday with sources saying a big policy change was unlikely this month.
At its last…
Oil prices gained for a fourth straight session on Wednesday as data showed a drawdown in U.S. crude stockpiles, adding to ongoing worries of tight supply, which…
CEO of Iran’s Ports and Maritime Organization (PMO) Ali Akbar Safayee said that the tanker which was carrying the country’s oil and was confiscated by Greece two…
White House national security adviser Jake Sullivan said on Tuesday discussions have begun with countries, including India, on the implementation of a Russia gas cap.