The United States is selling 45 million barrels as part of a concerted plan to release crude oil reserves.
As part of a plan…
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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.
MohammadSadegh Razmi reported- Emphasizing that a visit to Turkmenistan a few months ago was able to intensify some cooperation between the two countries, the President said: “Good…
EUROPEAN gas prices surged on Tuesday after a key natural gas export terminal in Texas said a full restart was months away following a fire this month…
Russia earned nearly $100bn (£82.3bn) from oil and gas exports during the first 100 days of the war in Ukraine, according to a report.
UK supermajor BP is taking over operatorship of the US$36 billion Asian Renewable Energy Hub (AREH) in the Pilbara Western Australia, which the company is hailing as…
The latest OPEC monthly report showed that Iran’s heavy oil prices rose 8.7 percent last month.
The price of a barrel of Iranian heavy…
Emphasizing that we are ready to enhance comprehensive cooperation with Pakistan, the President of the Islamic Republic of Iran said: “Iran has the necessary capacities to meet…
Iran’s Ports and Maritime Organisation (PMO) said on Tuesday the Iranian-flagged Lana tanker ship seized in April by Greece is no longer impounded and its oil cargo…
Vienna, Austria, 14 June 2022–The price of OPEC basket of thirteen crudes stood at $120.66 a barrel on Monday, compared with $123.19 the previous Friday, according to…
The Iranian Minister of Oil said: “In a meeting with the Deputy Chairman of the Cabinet for Oil and Gas Affairs of Turkmenistan, the other side asked…
An Iran-flagged tanker carrying about 1 million barrels of crude from the Middle Eastern country arrived in Venezuelan waters over the weekend, according to a shipping document…
Iranian Oil Minister Javad Oji met with Venezuelan President Nicolas Maduro at Saadabad Palace on Monday, June 14, to discuss bilateral relations.
MohammadSadegh Razmi-…
Crude oil prices fell in trading today (Monday, June 23) following Beijing warnings of escalating Covid-19 virus outbreaks and concerns about inflation.
Oil prices…
Jam Petrochemical succeeded in obtaining the certificate of compliance with the energy consumption standard from the National Standard Organization of Iran.
According to Jam…
Norwegian oil firms and employees have agreed in principle a new wage deal, avoiding for now a strike at nine fields that could have hit some of…