Head of the Federation of Chambers of Commerce and Industry of the United Arab Emirates (UAE) said his country is seeking to become Iran’s top trading partner…
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The National Iranian Oil Company (NIOC) managing director on Monday said the country’s crude oil production has been increased by 600,000 barrels per day (bpd) under the…
There are multiple projects with the potential to completely disrupt energy markets, making even this debate about the immediate cost of clean energy obsolete.
A fire burned for a third day on Sunday at Shell Plc’s chemical plant in the Houston suburb of Deer Park, Texas, a company spokesperson said.
Oil rose almost 3% on Monday as U.S. recession fears eased and some traders took the view that crude’s recent price slide was overdone with three straight…
Canada’s main oil-producing province Alberta on Saturday declared a provincial state of emergency due to wildfires, shutting in at least 145,000 of oil equivalent per day (boepd).
In a meeting between the governor of the Central Bank of Iran (CBI) and a senior trade delegation from Oman on Monday, the Iranian side expressed complete…
Saudi Arabia, the world’s top oil exporter, has cut the price of its June flagship crude to Asian buyers for the first time in four months, following…
Latin America, despite relatively unimpressive production levels, holds a significant portion of the world’s proved oil reserves.
Venezuela, once one of the major powerhouses…
Technical planning for development of Iran’s Arvandkenar oilfield near the border with Iraq has kicked off, an Iranian official has said.
Abdollah Azaari Ahvazi,…
The fifth edition of the Export Potential Exhibition of the Islamic Republic of Iran (Iran EXPO 2023) kicked off on Sunday in Tehran in a ceremony attended…
Deputy Prime Minister Alexander Novak said Russia was abiding by its voluntary pledge to cut oil output by 500,000 barrels per day (bpd) from February until the…
Australia will change its Petroleum Resource Rent Tax (PRRT) to increase the tax paid by the offshore LNG industry, moves that should increase revenue by A$2.4 billion…
Iran and Syria signed a memorandum of understanding (MoU) and outlined a roadmap for cooperating in oil, gas, refining, and petrochemical sectors.
Accompanying President…
The managing director of the National Iranian Oil Company (NIOC) said the country’s oil and gas condensate exports have doubled since the 13th (Raeisi) administration took office.
The National Iranian Oil Refining and Distribution Company (NIORDC) managing director on Saturday said the operations of Shahid Soleimani Refinery-Integrated Petrochemical Plant project will begin this spring.
While investment in both fossil fuels and clean energy projects will continue for years, there are bound to be conflicts over exactly how much should go to…
The Abu Dhabi National Oil Company (ADNOC) has informed at least three buyers in Asia that it will supply full contractual volumes of crude in July, steady…
Oil prices jumped on Friday but were set for a third straight week of losses after dramatic drops on fears over the economic impact of interest rate…
The International Monetary Fund (IMF), in its latest regional report on “Middle East and Central Asia”, said Iran’s economy is expected to grow as much as two…