Crude oil started trade this week with a decline, based on Asian trade data from earlier in the day, as traders’ worry about the state of the…
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The National Iranian Oil Company (NIOC) managing director on Sunday unveiled 16 new exploration blocks.
Mohsen Khojastehmehr, who paid a visit to NIOC’s Exploration…
OPEC’s global oil demand forecast for 2023 was held steady for a third month, with the producer group citing the potential Chinese growth to be offset by…
Iran plans to gather 8.2 mcm/d of flare gas as of next calendar year (starting on 21 March 2023), which would increase 18.2 mcm/d during next year….
Iraq does not expect the Organization of the Oil Exporting Countries and its allies, known as OPEC+, to make further cuts to oil output at its next…
Why is capital critical to Canadians’ well-being? Because capital fuels our economy, performing as a hand up versus a taxpayer handout. Yet, being mobile, it also seeks…
The IRGC Navy has confiscated as much as 3.412 million liters of smuggled fuel in Persian Gulf waters in southern Iran.
The public…
The capacity of Iran’s renewable power plants has increased by two percent in the first month of the current Iranian calendar year (March 21-April 20), from its…
Global Energy Monitor, in a recent report, has said Iran is the world’s top country in terms of oil pipelines under construction.
Based on…
More than 200 foreign companies from 13 countries will participate in the 27th Iran International Oil, Gas, Refining and Petrochemical Exhibition, aka Iran Oil Show 2023, the…
Meanwhile, the Federal Energy Regulatory Commission has warned that the surge in clean energy and drop in coal and gas power may make the energy grid less…
Turkey, in the meantime, is preparing for a critical election on May 14, and Turkish officials have previously indicated that they might hold off on restarting the…
European natural gas prices are on course for a sixth consecutive weekly loss, the longest run of losses since 2020.
A combination of weak…
Iran’s Economy Minister Ehsan Khandouzi has called for joint investments by Tehran and Abu Dhabi, as well as facilitation of trade exchanges.
Khandouzi made…
Iranian Oil Minister Javad Owji said Tehran and Baghdad have agreed to extend the contracts on Iran’s gas exports.
He added the two deals…
Sour crude oil supplies for U.S. Gulf Coast oil refiners will be squeezed in coming weeks, market participants said, as global demand rises following this month’s OPEC+…
Aramco is betting on boosting its natural gas production and plans to develop Jafurah, the largest non-associated gas field in Saudi Arabia.
The world’s…
Iran’s crude oil production increased 48,000 barrels per day (bpd) in April to reach 2.63 million bpd, according to OPEC’s latest monthly report Published on Thursday.
Iran’s policy in Iraq after Saddam Hussein’s regime has been to strengthen bilateral cooperation in all fields including political, economic, and security.
Unfortunately, due…
China has dramatically increased use of the yuan to buy Russian commodities over the past year, with nearly all of its purchases of oil, coal and some metals now…