Saudi Energy Minister Prince Abdulaziz bin Salman warned on Saturday that sanctions and underinvestment in the energy sector could result in a shortage of energy supplies.
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Iranian Offshore Engineering and Construction Company (IOEC) and Pars Oil and Gas Company (POGC) signed a deal worth $900 million on Saturday to cooperate in developing the…
Iran’s economic growth saw a 2.9 percent surge in 2022, World Bank has reported.
According to the World Bank, Iranian economic growth reached 2.9…
Iranian Minister of Petroleum Javad Owji announced the exploitation and the start of executive operations of nearly $3 billion of oil project in the southern province of…
Iranian Minister of Petroleum Javad Owji said Iran has joined the 6 countries that possess the know-how of producing sponge coke in the world.
Sepahan Oil Company’s export and import terminal of Shahid Rajaei Port was put into operation on Saturday by video conference with the order of the Minister of…
Pakistan Crisis: The country’s economy has completely collapsed. Foreign currency reserves are in short supply, & cash-strapped oil companies have warned that the industry is on the…
The petroleum minister of Venezuela expressed his country’s willingness to use Iran’s experiences and promote cooperation in the oil and energy industries.
In a…
Oil prices fell to over three-week lows on Friday in a volatile session, after strong U.S. jobs data raised concerns about higher interest rates and as investors…
Western economies agreed new price caps on Friday on Russia’s exports of oil products that U.S. Treasury Secretary Janet Yellen said would build on the crude oil…
Iranian Oil Minister Javad Oji inaugurated the bitumen production and storage unit of Jey Oil Refining Company in the southern Hormozgan province on Thursday.
Global oil markets are bracing for more upheaval in the next couple of weeks after the European Union bans all Russian refined oil products in retaliation for…
French oil major TotalEnergies (TTEF.PA) and Iraq are taking further time to hammer out key sticking points in a long-delayed $27 billion energy deal which Baghdad hopes will revive…
Russia’s monthly budget revenues from oil and gas fell in January to their lowest level since August 2020 under the impact of Western sanctions on Russian exports,…
Oil prices steadied on Friday as investors sought more clarity on the imminent EU embargo on Russian refined fuels, with prices set for a second weekly loss…
Turkmenistan has resumed exporting gas to Iran, including to the northern province of Golestan, which was halted in the recent cold wave, a provincial official said.
AquaChemie Middle East – a leading regional player for process industry chemicals in the GCC region and part of the UAE-based AquaChemie Group – has formally inaugurated…
In 2019, oil and gas companies operating on tribal and federal lands lost $63 million in revenue from venting, flaring, and leaking infrastructure. That loss, according to a…
Oil prices slipped on Thursday as looming sanctions on Russian oil products added uncertainty over supply and a build in U.S. fuel stocks suggested sluggish demand despite…
Dramatic swings in forecasts for European gas prices this year have left companies and governments struggling to plan ahead as uncertainties for the outlook persist, ranging from…