Canada’s main oil-producing province Alberta on Saturday declared a provincial state of emergency due to wildfires, shutting in at least 145,000 of oil equivalent per day (boepd).
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In a meeting between the governor of the Central Bank of Iran (CBI) and a senior trade delegation from Oman on Monday, the Iranian side expressed complete…
Saudi Arabia, the world’s top oil exporter, has cut the price of its June flagship crude to Asian buyers for the first time in four months, following…
Latin America, despite relatively unimpressive production levels, holds a significant portion of the world’s proved oil reserves.
Venezuela, once one of the major powerhouses…
Technical planning for development of Iran’s Arvandkenar oilfield near the border with Iraq has kicked off, an Iranian official has said.
Abdollah Azaari Ahvazi,…
The fifth edition of the Export Potential Exhibition of the Islamic Republic of Iran (Iran EXPO 2023) kicked off on Sunday in Tehran in a ceremony attended…
Deputy Prime Minister Alexander Novak said Russia was abiding by its voluntary pledge to cut oil output by 500,000 barrels per day (bpd) from February until the…
Iran’s president on Sunday praised the “considerable” achievements in the country’s petrochemical, steel, and other industries.
Delivering speech at the opening ceremony of the…
Australia will change its Petroleum Resource Rent Tax (PRRT) to increase the tax paid by the offshore LNG industry, moves that should increase revenue by A$2.4 billion…
Iran and Syria signed a memorandum of understanding (MoU) and outlined a roadmap for cooperating in oil, gas, refining, and petrochemical sectors.
Accompanying President…
The managing director of the National Iranian Oil Company (NIOC) said the country’s oil and gas condensate exports have doubled since the 13th (Raeisi) administration took office.
The National Iranian Oil Refining and Distribution Company (NIORDC) managing director on Saturday said the operations of Shahid Soleimani Refinery-Integrated Petrochemical Plant project will begin this spring.
While investment in both fossil fuels and clean energy projects will continue for years, there are bound to be conflicts over exactly how much should go to…
The Abu Dhabi National Oil Company (ADNOC) has informed at least three buyers in Asia that it will supply full contractual volumes of crude in July, steady…
Oil prices jumped on Friday but were set for a third straight week of losses after dramatic drops on fears over the economic impact of interest rate…
The International Monetary Fund (IMF), in its latest regional report on “Middle East and Central Asia”, said Iran’s economy is expected to grow as much as two…
Iran’s president on Thursday voiced his country’s readiness to share its achievements in energy, oil, gas, petrochemical, electricity, scientific, and technological sectors with Syria.
The strong start to the year for Asia’s imports of crude oil came to a halt in April, with arrivals dropping to a seven-month low as top…
More than half of the 22 oil tankers in Venezuela’s fleet are so run down that they should be immediately repaired or taken out of service, according…
Russia’s federal budget revenues from oil and gas, the lifeblood of its economy, fell 64% in April from the year-earlier period and declined by 5.9% from March,…