Canada's economy stalled in July and edged up slightly in August, data showed on Friday, highlighting a recent sluggish performance that prompted markets to trim bets for another interest rate hike next month.
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OPEC+ is unlikely to tweak its current oil output policy when a panel meets next Wednesday, four OPEC+ sources told Reuters, as tighter supplies and rising demand drive an oil price rally.
The Indian government increased windfall tax on petroleum crude, while reduced it on aviation turbine fuel and diesel, according to a government notification on Friday.
The Biden administration's plan to slash offshore oil and gas leasing drew fire from both the fossil fuel industry and environmentalists on Friday, with energy companies saying it will raise fuel prices and greens saying it undermines efforts to stop global warming.
A senior official with the Iranian Ministry of Petroleum has said a tripartite agreement, signed among the Islamic Republic, Venezuela, and Syria, envisages the building of a new oil refinery in Syria's Homs Province.
Iranian Oil Minister Javad Owji on Friday said the country’s refining capacity and quality of oil products have been promoted under the 13th administration.
The executive operations of Isfahan Oil Refinery’s Residual Fluid Catalytic Cracking (RFCC) Unit began on Friday.
A senior official with the Iranian Ministry of Petroleum has said a tripartite agreement, signed among the Islamic Republic, Venezuela, and Syria, envisages the building of a new oil refinery in the Arab country's Homs Province.
Saturn Oil & Gas Inc. is taking a unique strategy to growing a Canadian energy company, focused on generating positive shareholder returns through the responsible development of light oil weighted assets in Western Canada.
Indian government bond yields rose on Friday, with the benchmark yield posting its first quarterly rise in more than a year on the back of a relentless spike in oil prices and U.S. yields.
China's Dushanzi Petrochemical Corp, a unit of state oil and gas major PetroChina , said on Friday it began construction of a 21.88 billion yuan ($3.00 billion) petrochemical complex in the far western resource-rich region of Xinjiang.
Oil prices rose on Friday and were headed for a gain of about 3% for the week, driven by tight U.S. supply and expectations of strong fuel demand in China during the Golden Week holiday.
The Biden administration on Friday unveiled a plan to phase down oil and gas auctions in federal waters with the release of a long-awaited leasing schedule that includes a maximum of three sales in the Gulf of Mexico through 2029.
Head of the National Iranian Gas Company (NIGC) Majid Chegeni said the cumulative gas supply to the country’s power plants in the first six months of the current Iranian calendar year (March 21-September 22) has increased by 16 percent compared to last year’s same period, registering a new record high.
Iran’s oil production level stood at roughly 2.2 mb/d in 2021, before the 13th administration took office. It recently rose to 3.1 mb/d. National Iranian South Oil Company (NISOC) is the main oil supplier in Iran, accounting for 75% of the country’s oil production.
The environmental project of Isfahan Refinery’s Diesel Hydrotreating (DHT) Unit will be inaugurated in the presence of President Seyyed Ebrahim Raeisi and Oil Minister Javad Owji within hours.
Pipestone Energy's shareholders on Wednesday voted in favor of the proposed sale to privately-held larger rival Strathcona Resources in an all-stock deal that would value the combined company at C$8.6 billion ($6.36 billion).
Russia is selling oil to India at nearly $80 per barrel, some $20 above the Western price cap, traders said and Reuters calculations showed, as tight global oil markets help Moscow generate strong appetite for its exports.
Ukrainian state-owned oil and gas firm Naftogaz, aiming to cover the country's needs with domestic production, has brought five new gas wells into operation, the company said on Thursday.
Oil prices steadied on Thursday as investors weighed supply concerns against growing expectations that key Western economies will maintain high interest rates to tackle stubborn inflation.