The recent agreement between Iran and Saudi Arabia on resumption of diplomatic relations will have positive impacts on energy, economic, and political sectors of West Asia, particularly…
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Oil prices steadied on Thursday, having hit their lowest since late 2021 earlier this week, as strong U.S. jobs data countered bearish signals from Fed Chair Jerome…
An oil tanker runs aground off eastern China, leaking fuel into the water. Another is caught in a collision near Cuba. A third is seized in Spain…
Wood Mackenzie believes China’s economic growth could exceed expectations and spark a surge in energy commodity prices.
China’s GDP growth has outperformed…
LNG freight rates for Atlantic Basin spot LNG cargoes slid to below $50,000 per day on Thursday, the lowest level in over seven months, as natural gas…
Iran has achieved its highest level of oil exports for at least two years, surpassing the previous high of 1.3 million barrels a day despite US sanctions,…
Iran has joined the six countries possessing technical know-how to produce sponge coke. Sponge coke production has started in the Bandar Abbas oil refinery after upgrading the…
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…
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…