A flood of liquefied natural gas (LNG) export projects due online worldwide in mid-decade will vie against lower-cost renewable energy and a revived nuclear power sector, which…
ECONOMY Feed Atom
OPEC on Tuesday further raised its forecast for Chinese oil demand growth in 2023 due to the relaxation of the country’s COVID-19 curbs, although it left the…
Oil prices fell more than $2 a barrel on Tuesday to their sessions lows, extending the previous day’s slide, as the collapse of Silicon Valley Bank rattled equities…
Amid the economic crunch, Pakistan’s oil reserves are currently running low and the petroleum it purchases is being smuggled into Afghanistan.
The Print, an…
The managing director of Iran Energy Exchange (IRENEX) here on Monday announced that the first-day transactions of certificates of deposit (CDs) of crude oil and gas condensates…
The managing director of the South Pars Gas Complex (SPGC) on Monday announced a 42 percent increase in the annual production of liquefied petroleum gas (LPG).
The Biden administration is approving a scaled-back version ConocoPhillips’ (COP.N) $7 billion oil and gas drilling project in Alaska, the U.S. Department of Interior said on Monday.
Oil prices fell $2 in volatile trading on Monday as the collapse of Silicon Valley Bank hit equities markets and raised fears of a fresh financial crisis,…
The UAE-based energy firm Dana Gas said on Monday its portion of interest accrued on an international arbitration tribunal award of $607.5 million in a gas supply…
The presidents of Iran and Belarus paid a visit to the exhibition of knowledge-based achievements of Iranian companies.
Iranian President Ebrahim Raeisi and his Belarusian counterpart, Alexander Lukashenko, visited…
The expansion of relations between the world’s energy powers such as Iran, Russia, and Saudi Arabia plays an effective role in developing global economy, said a member…
Hyundai Engineering & Construction and Hyundai Engineering have officially embarked on a project to build the largest petrochemical facilities to date in the South Korean city of…
Saudi Arabian oil giant Aramco (2222.SE) on Sunday reported a record annual net profit of $161.1 billion for 2022, up 46% from the previous year on higher energy prices,…
Iran’s oil exports have reached their highest level since the reimposition of U.S. sanctions in 2018, the country’s Oil Minister Javad Owji said on Sunday, according to…
Aramco Chief Executive Amin Nasser said on Sunday that the oil market would remain tightly balanced in the short to medium term, adding that he was cautiously…
Oil Minister Javad Owji here on Sunday announced that the prices of crude oil and gas condensates sold to foreign clients in Iran Energy Exchange (IRENEX) within…
A high-ranking trade delegation from West Africa paid a visit to Pars Special Economic Energy Zone (PSEEZ).
Arranging the visit, the Iranian Ministry of…
Transactions of crude oil and gas condensate certificates of deposit in Iran Energy Exchange (IRENEX) started here on Sunday.
The transactions were given the…
Iran-Russia Joint Economic Commission will hold business-to-business (B2B) meetings here in May.
Led by the Iranian Ministry of Petroleum’s Department for International Affairs and…
The US Department of the Treasury Thursday sanctioned 39 entities connected with providing financial services to sanctioned Iranian firms, such as Persian Gulf Petrochemical Industry Commercial Co. (PGPICC) and Triliance…