Iran and the European Union’s 27 member states traded €401.17 million worth of goods in January 2023, registering a 5.31% rise compared with the same month of…
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The World Bank, in its latest Middle East and North Africa (MENA) Economic Update report, released on April 6, predicted that the Iranian economy grows by two…
Iran exported 27 million tons of petrochemical products worth $16 billion in the previous Iranian calendar year 1401 (ended on March 20), the managing director of Iran’s…
Saudi Arabia, the world’s top oil exporter, has raised the prices of its flagship crude for Asian buyers for the third straight month.
The…
More that 1,300 offshore workers are to stage a 48-hour strike in a dispute over pay.
Unite warned that dozens of oil and gas…
Soaring oil prices have boosted the economies of MENA, leading to budget surpluses for some Gulf Arab states.
Gulf nations are diversifying their economies…
The value of trade exchanges between the US and Iran in the first two months of 2023 has reached $9.6 million.
According to…
Europe has not made enough progress in locking in long-term contracts for liquefied natural gas (LNG) as an alternative to Russian pipeline supply, which may prove costly…
Iran managed to increase by 65 percent horizontal directional drilling from its oil and gas wells in both offshore and onshore regions during the last Iranian calendar…
Chinese private refineries are buying more Iranian oil as competition for supplies from Russia rises, Bloomberg reported.
So-called teapots are prioritizing the flows, with…
When Iraqi and Kurdish officials met in Baghdad this week over a long-running dispute that has halted oil exports from Iraq’s semi-autonomous region of Kurdistan, insiders said…
Oil rose on Thursday and was on track for a third weekly gain as further production cuts targeted by OPEC+ and a drop in U.S. oil inventories…
Iranian President Ebrahim Raisi said that the oil and gas sector experienced a growth of nine percent in the past Iranian calendar year 1401 (ended on March…
The National Petrochemical Company (NPC) managing director Wednesday said the upcoming Iran Petrochemical Forum (IPF) will provide a good opportunity to acquire the world’s modern technical know-how…
Oil prices inched lower on Wednesday, despite greater than expected draws in U.S. crude oil and fuel stocks, as the market weighed worsening economic prospects against expectations…
Iran’s Oil Minister Javad Owji Wednesday said OPEC+ decided to cut its output amid growing pressures from the U.S. for a rise.
Saudi Arabia…
Iran’s former OPEC governor said the recent decision OPEC+ made to cut its output will put the brakes on the reduction of oil prices and stabilize the…
President Seyyed Ebrahim Raeisi here on Tuesday said Iran’s oil and gas production witnessed a nine percent growth in the past Iranian calendar year, which ended on…
Venezuela’s oil exports rose in March to the highest monthly average since August, boosted by a resumption of loadings after an export freeze and by rising cargoes…
Oil prices rose on Tuesday after OPEC+ plans to cut more production jolted markets the previous day, with investors’ attention shifting to demand trends and the impact…