Oil prices fell in volatile trade on Friday, reversing earlier gains of more than $1 a barrel, as banking sector fears set crude on course for its…
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Italian oil and gas major Eni SpA on Friday said it had discovered oil in the Sureste Basin offshore Mexico in a prospect that could contain around 200…
THE price of OPEC basket of 13 crudes stood at $76.22 a barrel on Wednesday, March 15, 2023, compared with $78.92 the previous day, according to OPEC Secretariat calculations/
U.S. natural gas futures rose on Thursday as investors covered short positions ahead of a weekly inventory report, but gains were limited by forecasts for less cold…
OPEC+ considers this week’s slide in oil prices to a more than one-year low to be driven by financial fears, not any imbalance between demand and supply,…
Oil prices clawed back some ground on Thursday, recovering from the previous session’s 15-month lows, as markets calmed somewhat after Credit Suisse (CSGN.S)was thrown a financial lifeline by…
Western sanctions on Russian and Iranian oil have channelled cheap fuel to Asia and in the process eroded a decades-long trend whereby the continent has paid more…
Iran is now among the exporters of petrochemical technologies, said the managing director of the country’s National Petrochemical Company (NPC).
Emphasizing that Iran has…
A senior expert in energy economics described the March 12 agreement between Iran and Saudi Arabia as the most important event…
Strikes against the French government’s planned pension reform entered a second week on Wednesday, disrupting maintenance at nuclear reactors, hitting liquefied natural gas (LNG) prices, and blocking…
Japan’s Osaka Gas Co Ltd (9532.T) plans to secure more liquefied natural gas (LNG) than usual in the financial year starting in April to ensure a stable supply of…
Oil extended its slide on Wednesday, falling 4% and hitting its lowest in more than a year as unease over Credit Suisse spooked world markets and offset…
Iran’s crude oil production increased 17,000 barrels per day (bpd) in February to reach 2.554 million bpd, according to OPEC’s latest monthly report.
As…
Cumulative natural gas production from Iran’s South Pars gas field has reached 241 billion cubic meters (bcm) in the current Iranian calendar year (ends on March 20),…
A petro-refinery in Abadan, southwestern Iran, having a production capacity of 210,000 barrels per day (bpd) will become operational within days, said Oil Minister Javad Owji here…
The second stage of reviving Iran’s low-yield wells got the go-ahead, as the Petroleum Industry Innotech Park head representing the National Iranian Oil Company and the representative…
The latest report of the Central Bank of Iran (CBI) showed that the country’s oil and sector witnessed the highest economic growth in autumn and the first…
Iran’s former OPEC governor is convinced that Iran-Saudi rapprochement will be to the advantage of crude oil importers and exporters of the Middle East and could stabilize…
The price of both oil and natural gas have fallen substantially in the past year, thanks to a milder-than-expected winter and weaker-than-expected demand.
The…
Western sanctions on Russian and Iranian oil have channelled cheap fuel to Asia and in the process eroded a decades-long trend whereby the continent has paid more…