The Petrochemical plants in Iran are making progress and export their products to foreign states despite the harshest sanctions imposed against the country by Washington.
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The leader of a Norwegian oil workers’ union said on Monday a wage deal struck with oil companies “had a lot of good things” and that he…
Oil prices swung higher in volatile trading on Monday, as traders focused on tight supplies over slowing global economic growth.
Brent crude futures settled…
The agreement on oil and gas cooperation was signed by the CEO of the National Iranian Oil Company in the presence of the Presidents of Iran and…
June 19 (Reuters) – Russian gas producer Gazprom (GAZP.MM) said its supply of gas to Europe through Ukraine via the Sudzha entry point was seen…
While US drivers despair over gasoline topping $5 a gallon, spare a thought for motorists in oil-rich Norway, where prices sit at $10.
Gas stations…
Russia’s move to cut gas exports to Europe by 60 percent would bring the continent one step closer to energy quotas.
According to Bloomberg,…
The common objective of the Organization of the Petroleum Exporting Countries and its non-OPEC partners has always been to maintain oil market stability, not to raise prices…
Russia’s Deputy Prime Minister announced the possibility of continuing cooperation with the OPEC-Plus coalition.
According to Reuters, Alexander Novak said on Thursday (June 16)…
Oil prices tumbled about 6% to a four-week low on Friday on worries that interest rate hikes by major central banks could slow the global economy and…
Oman’s Sultan Haitham bin Tariq meets with U.S. Secretary of State Mike Pompeo (not pictured) at al-Alam palace in Muscat, Oman February 21, 2020. Andrew Caballero-Reynolds
In May, the US State Department allowed Italian companies Eni and Spain’s Repsol to start importing Venezuelan crude in exchange for billions of dollars in debt. So…
The third annual maneuver of Jam Petrochemical Complex was held on the subject of gasoline leakage from the mechanical flood pump P-206A in the olefin unit.
The announcement was made by the Iraqi Ministry of Electricity on Wednesday, which said the payment process had begun on the same day.
Iraq…
The United States is selling 45 million barrels as part of a concerted plan to release crude oil reserves.
As part of a plan…
The UN Secretary-General has warned that the world’s advanced economies, in response to the Moscow-Kiev tensions, are on a dangerous path to increasing production and investment in…
Sanctions against Moscow, which have delayed the reopening of the Stream-1 rolling pipeline, have reduced gas transmission capacity to Europe.
According to Reuters, Gazprom…
In its latest monthly report, the OPEC Secretariat maintained its forecast that oil demand in 2020 will exceed pre-Corona levels.
According to Reuters from…
Libya’s crude oil production reached 100,000 barrels per day following the closure of the country’s production and export facilities.
According to Reuters from Tripoli,…
Brent crude rose to more than $ 121 a barrel amid concerns over fuel demand and decisions to raise interest rates in the United States.