Lebanese Minister of Energy and Water Walid Fayad said drilling of the first exploratory oil well in the country is expected to begin at the end of…
ECONOMY Feed Atom
Oil settled down $2 a barrel on Friday and ended the week markedly lower, as traders worried that future U.S. interest rate hikes could weigh on demand…
The secretary of Iran’s Free Zones High Council said that 350 investment packages are being prepared to attract foreign investors to the country’s free zones.
Iranian heavy oil price increased by $2.45 in January to register a 3.1-percent increase compared to December 2022, according to OPEC’s latest monthly report published on February…
China’s commerce ministry has met independent oil refiners to discuss their deals with Russia, five sources with knowledge of the matter said, imports which have saved Chinese…
President Vladimir Putin on Friday lauded Russia’s natural gas giant, vowing that Gazprom (GAZP.MM) would thrive despite attempts by the West to cut its clout as demand for gas…
Oil fell 3% on Friday and was on course for a weekly decline, pressured by concerns of more U.S. Federal Reserve interest rate hikes that could weigh…
European gas prices have fallen as much as 85% from their peak of more than €300/MWh in August 2022.
The price of European natural…
After Washington’s initial apprehension over Iraq’s new government, the U.S. wants to help Iraq address its economic woes and strengthen its democracy.
Top Iraqi…
On the sidelines of the exhibition “Supporting domestic production in the petrochemical industries of Iran” and in line with the final horizon of the Lamard Special Economic…
The U.S. is stepping up efforts to enforce sanctions on Iran’s energy exports.
The world’s largest crude importer and main customer of Iranian oil,…
Cenovus Energy Inc (CVE.TO)posted a net profit for the fourth quarter on Thursday, compared with a loss last year, and said Chief Operating Officer Jon McKenzie would become…
Oil prices fluctuated in a narrow range on Thursday as it weighed a large build in U.S. crude inventories and hopes for a Chinese demand recovery.
Stating that his visit to China was very fruitful and successful, Iranian president expressed hope that the the two countries cooperation in various fields will be further…
Ure Lordegan Chemical Fertilizer Company signed a memorandum of understanding for the manufacture of catalysts for primary and secondary reformers, LTS & HTS, dehydrogenation with Sarv Oil…
Japanese oil refiners may buy Russian crude from the Sakhalin-2 oil and gas project, if needed, to secure a stable supply of liquefied natural gas (LNG), the…
Tourmaline Oil Corp., the largest natural gas producer in Canada, is sending its natural gas from northeastern British Columbia to the Gulf Coast in Texas.
Oil prices dropped for a second day on Wednesday on signs of ample U.S. supplies and expectations of further interest rate hikes, though forecasts of higher 2023…
China’s Sinochem Holdings Corp is considering selling its entire 37% stake in Italian tiremaker Pirelli & C SpA (PIRC.MI), Bloomberg News reported on Wednesday, citing people familiar with the matter.
Iran has reported major increases in exports of certain petrochemicals and oil products in the calendar year that started in late March 2022.
An…