The price of Azeri LT CIF Augusta totaled $76.71 per barrel on March 21, increasing by $1.96 compared to the previous price, News.Az reports.
The…
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Lukoil, Russia’s largest private oil company, is planning to enter the retail fuel market in neighbouring Kazakhstan by launching a franchisee project, four sources familiar with the…
Portfolio investors dumped petroleum futures and options at one of the fastest rates on record in the early stages of the banking crisis, as traders anticipated an…
OPEC+ is likely to stick to its deal on output cuts of 2 million barrels per day (bpd) until the end of the year, even after a…
Saudi Arabia’s state-owned oil producer posted record profits for 2022, up nearly 50% year/year, lifted by soaring oil and natural gas prices.
Saudi…
The National Petrochemical Company (NPC) managing director said Iran is a market for long-term investments.
Talking to Press TV, Morteza Shahmirzaei added that Iran…
Maroun Oil and Gas Production Company (MOGPC) is expected to see its oil and gas production grow 5% as new modifications are under way in its pipelines….
Oil prices will surge to $140 per barrel by the end of this year, hedge fund manager Pierre Andurand said on Tuesday, adding that the recent slump…
OPEC Secretary-General Haitham al-Ghais said the group’s agreement to reduce production has helped address challenges facing global oil markets, Iraq’s oil ministry quoted him as saying on…
Oil rose on Tuesday, extending a recovery from a 15-month low hit the previous day, as the rescue of Credit Suisse eased worries about global banking sector…
Iran counts on “huge volumes” of oil and gas swaps from Russia this year, Iranian Economy Minister Ehsan Khandouzi said in an interview with Russia’s RIA state…
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has named the Persian New Year the year of “Inflation Control, and Growth in Production.”
The Iranian president, Ebrahim Raeisi, visited China at the head of a high-ranking delegation at the invitation of his Chinese counterpart Xi Jinping in mid-February. Minister of…
Shipments of refined products from French refinery and depots were blocked on Monday by a 13th day of strike action, though some refineries operated with a reduced…
Chinese President Xi Jinping arrived in Russia on Monday in his first overseas trip since securing a third term as president.
The visit comes just over…
The European Commission on Monday proposed extending for a year an emergency measure to curb gas demand that is set to expire in order to help the…
Oil prices dropped to their lowest in 15 months on Monday, driven down by concern that risks in the global banking sector and a potential increase to…
Iran’s Oil Ministry in a statement stressed the significance of new investments in energy sector, and welcomed new investments, especially by OPEC+ counties.
The…
Iran has increased its minimum monthly wage for the calendar year starting March 21, 2023 by 27% to more than 80 million rials.
According…
The completion and inauguration of the second phase of Abadan Refinery capacity development and stabilization project are the invaluable manifestation of “we can”, President Ebrahim Raeisi said…