Europe needs to put a smaller-than-average volume of gas into storage this year after a mild winter left the region with record high inventories.
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The Group of Seven rich nations have agreed to call for reducing gas consumption and increasing electricity from renewable sources while phasing out fossil-fuels faster and building…
In its latest report, the Organization of Petroleum Exporting Countries (OPEC) said Iran produced 2,567,000 barrels of oil per day (bpd) in the last month of the…
Owji has traveled to Venezuela to discuss ways to “strengthen energy relations” between the two friendly nations, according to the Latin American country’s foreign ministry.
Average daily gasoline consumption in Tehran rose five percent during the New Year holidays (Norouz) (March 21-April 2), the managing director of Tehran Oil Refining and Distribution…
Iran’s gas export rose 79 percent in terms of worth, and 10 percent in terms of amount, in 2022, the managing director of National Iranian Gas Company…
Iran’s president on Friday described the increase in oil sales and the hard currency supply as a part of his administration’s “achievements”.
Talking…
The Biden administration on Thursday approved exports of liquefied natural gas from the Alaska LNG project, a document showed, as the United States competes with Russia to…
Several Asian refiners are likely to maximise gasoline output from May and reduce gasoil output, cashing in on higher profits for the motor fuel ahead of the…
In its Oil Market Report, the IEA said that the latest OPEC+ cuts could exacerbate the oil supply deficit and push oil prices higher.
Oil prices are on course for their fourth consecutive weekly gain, with WTI trading above $82 and Brent trading above $86.
In its latest…
Oil prices fell a dollar a barrel on Thursday, as an OPEC report stoked summer demand worries and traders took profits after benchmarks scaled multi-month highs in…
Oil prices were stable on Thursday as the market weighed the prospect of tight supply against possible recession in the United States, the world’s largest oil consumer.
Oil products shipments from TotalEnergies’ Donges and La Mede refineries were disrupted on Thursday, a company spokesperson said, with 20% of operational staff having joined strike action…
OPEC on Thursday flagged downside risks to summer oil demand as part of the backdrop to shock output cuts announced by OPEC+ producers on April 2, although…
When OPEC+ made a surprise decision earlier this month to cut oil production, President Joe Biden responded with the political equivalent of a shrug – a far cry from…
One of the world’s biggest challenges is slashing emissions before it’s too late. In fact, we’ve only got until 2050 in order to avoid some of the…
Iranian Oil Minister Javad Owji has traveled to Venezuela to discuss ways to “strengthen energy relations” between the two friendly nations, according to the Latin American country’s…
Political pressure is building within the European Union to tackle the daunting challenge of closing a loophole in its efforts to stop using Russian fossil fuels: liquefied…
Malaysia’s national oil company Petroliam Nasional Berhad aims to restart a gas pipeline currently under force majeure by the first quarter of 2024, a senior company executive…