Iran’s Oil Minister Javad Owji visited some gas stations in Tehran after a software problem disrupted services on Monday.
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Iran’s Oil Minister Javad Owji on Monday said 1,625 gas stations have been fixed manually and are supplying fuel offline after a disruption.
Canada's reaction to the global agreement to transition from fossil fuels is mixed, with environmentalists concerned about potential climate change loopholes and some industry players embracing carbon capture technologies.
Canada, a major oil producer, is at the crossroads of its commitment to climate action and its role as a major oil producer at COP28, with the draft agreement softening the language on phasing out fossil fuels.
OPEC's top Arab energy ministers arrived in Doha on Monday for the 12th Arab Energy Conference as countries clash at the UN's COP28 climate summit over a possible agreement to phase-out fossil fuels.
Iranian judicial authorities on Thursday announced the seizure of two vessels over alleged smuggling of fuel in the Persian Gulf.
The stand here put it at odds with the emerging consensus for moving away from fossil fuels and in the company of China as well as oil-producers Saudi Arabia, Russia and Iran.
Average daily gasoline consumption in Iran has reached about 110 million liters in the current Iranian calendar year, according to the managing director of the National Iranian Oil Products Distribution Company.
The federal government is poised to announce new regulations and funding around methane – a greenhouse gas that’s 85 times more potent than carbon dioxide – heading into COP28 on Thursday.
United States projected to extract 12.9m barrels of crude oil as countries at Cop28 to push for agreed fossil fuels ‘phaseout’.
The world’s governments are facing increased pressure to reach agreement on phasing out the production and consumption of fossil fuels. And countries like Canada, whose plan for fossil fuel production runs counter to its stated climate goals, will increasingly be under fire on the international stage.
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RoydadNaft – India’s fuel consumption rose to a four-month high in October, government data showed on Monday, as increased industrial activity boosted sales during the…
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A $27-billion deal between Iraq and France’s TotalEnergies signed in July will produce nearly 600 million cubic feet per day (mcf/d) of gas that will be enough to feed power facilities with a capacity of 5,000 megawatts (MW), Iraq’s Oil Minister has said.
The Argentine government and oil companies on Saturday said fuel shipments are starting to arrive that in coming days should ease a shortage, after a spike in demand caused long lines at gas stations.
Russia has sent record volumes of sea-borne fuel oil and vacuum gasoil (VGO) to India in September, replacing some crude oil volumes, traders said and LSEG data showed.
Indian Oil said that at present the company can fully meet the domestic demand and also aims to export the fuel in future by ramping up the existing capacity. Reference fuels are required by automobile manufacturers for developing engines and assessing vehicles’ performance to ensure operability in all the global climatic conditions.
Russian wholesale prices of gasoline, which is still banned for export, declined on Thursday, while diesel prices rose after sliding the previous day.
RoydadNaft – Oil prices fell about 2% on Thursday as the United States eased sanctions on Venezuela to allow more oil to flow globally, but…