PetroChina may sell out from natural gas projects in Australia and oil sands in Canada to stem losses and divert funds to more lucrative sites in the…
ECONOMY Feed Atom
OPEC’s oil revenue surged in 2021 as prices and demand recovered from the worst of the COVID pandemic, while the number of its members’ active rigs posted…
According to some media sources, G7 leaders are expected to discuss a revival of the Iran nuclear deal – which might lead to more Iranian oil exports.
France wants sanctions-hit Iran and Venezuela to return to the oil markets to ease the pressures from Russian sanctions that has spiked prices, a French presidency official…
Oil prices edged higher on Monday in a volatile session as investors waited for any moves against Russian oil and gas exports that might come out of…
Iraqi ministry of electricity announced that the country’s debts for energy imports from Iran have been paid off and Baghdad is now consulting to increase gas imports…
The Iranian oil ministry announced that the average gas production in the country’s fields surpassed 1,000 million cubic meters per day.
MohammadSadegh Razmi- Production…
The heads of France’s big energy companies on Sunday urged individuals and businesses to limit power consumption immediately to prepare for a looming energy crisis.
Leaders of the Group of Seven rich democracies are having “very constructive” discussions on a possible cap on Russian oil imports, a German government official said on…
The Organization of the Petroleum Exporting Countries (OPEC) will launch the 2022 edition of its Annual Statistical Bulletin (ASB) on Tuesday, 28 June 2022, at 10:00…
OPEC and allied producing countries including Russia will likely stick to a plan for accelerated oil output increases in August, sources said, hoping to ease surging oil…
Iranian oil minister Javad Owji predicted Tuesday that as much as 670 million cubic feet of gas will be extracted by the domestic companies in phase 11…
Iranian President said that Iran’s unique geopolitical and geoeconomic position can make it a stable and reliable partner for connecting BRICS to energy checkpoints and major global…
When Russia turns off the gas through the Nord Stream 1 pipeline for maintenance in July, Europe is starting to worry that it won’t turn it back…
Iran’s customs office (IRICA) announced that the country’s non-oil exports have increased 21% in the first quarter of the current Iranian year (started on March 21).
Germany has moved closer to rationing gas as it raised the alert level under an emergency plan after Russia slashed supplies to the country.
Major U.S. oil refiners and U.S. Energy Secretary Jennifer Granholm emerged from an emergency meeting on Thursday on how to lower pump prices with no concrete solutions…
One of southern Russia’s largest oil refineries was struck by an apparent drone attack Wednesday, setting off a massive fire, authorities and media reported.
Pakistan’s energy minister, accompanied by that country’s ambassador to Tehran and Iran’s consultant energy minister, visited Iran’s macro-scale MAPNA Industrial Group and was briefed about its…
Tehran, IRNA – The vice president and the head of the Plan and Budget Organization of Iran announced here on Wednesday that selling oil today has become…