QatarEnergy said on Wednesday it signed a deal for stakes in two of ExxonMobil’s (XOM.N) offshore explorations in Canada as the Qatari state-owned firm builds up its global energy…
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Russia’s largest oil producer Rosneft (ROSN.MM) and India’s top refiner Indian Oil Corp (IOC.NS) have signed a term agreement to substantially increase oil supplies and diversify oil grades delivered to India,…
At least three oil licenses in the semi-autonomous Kurdistan region of northern Iraq are shut in or running at reduced rates on Wednesday following a halt to…
The managing director National Iranian Drilling Company (NIDC) referred to the influential role of this company in the country’s oil and gas production process, and said one…
Ongoing tensions between Russia and the West has prompted the European Union to find alternatives to its gas imports from Russia for developing its LNG imports capacity.
The latest International Energy Agency (IEA) figures show crude oil production in sanctions-hit Iran reached 2.65 million barrels per day (mbd) in February.
Based…
In 2008, Turkey’s Ministry of Foreign Affairs unveiled the country’s national energy strategy, and for the first time in that document, it talked about Turkey is becoming…
Crude prices firmed on Tuesday, extending sharp gains from the previous session amid supply disruption risks from Iraqi Kurdistan and hopes that turmoil in banking is being…
The European Union is looking into allowing member states to prevent Russian LNG exporters from booking capacity at import facilities.
The proposal would mean…
Global oil demand in 2023 is expected to grow 2.32 mb/d compared with 2022. China and India continue to remain the main drivers in the oil market…
Zagros Petrochemical Company in Bushehr Province, southern Iran, is among the five largest methanol producers of the world, as it has an annual production capacity of 3.3…
Sanctions imposed by the enemy have failed and will fail to paralyze Iran’s largest supplier of energy and foreign currencies – the Ministry of Petroleum.
China’s oil refinery throughput this year is forecast to rise 7.8%, according to a think tank of state energy group CNPC, reversing last year’s decline as the…
Iraq’s oil output and capacity may peak following growth of around 25% over the next five years, analysts said, falling short of 2027 targets and ending a…
Oil prices rose on Monday as investors assessed efforts by authorities to rein in concerns over the global banking system while Russian President Vladimir Putin’s plans to…
Saudi Aramco plans to build a $10-billion refining and petrochemical complex in China in order to take advantage of the country’s growing fuel and chemical…
The Russia-Ukraine tension is weighing heavy on the global energy market. December 2022 gas production was down 5% in the European Union and up 6% in China….
The National Iranian Oil Company (NIOC) managing director here on Sunday said a 160-billion-dollar investment is required to increase the country’s oil and production capacities by 50…
Saudi Arabian oil giant Aramco (2223.SE) affirmed on Sunday its support for China’s long-term energy security and development, the company’s CEO Amin Nasser said in remarks made before a…
Commodity experts at Standard Chartered are saying that the path of least resistance for oil prices at this point is higher.
After a major…