Oil prices continued to trend lower in morning trade in Asia, with WTI heading toward $78 and Brent moving closer to $82.
Despite the…
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The poster of the 27th Iran International Oil, Gas, Refining and Petrochemical Exhibition having the moto “Oil Industry; Technological Production, Optimal Consumption” was unveiled on Wednesday.
Three gas carriers loaded with butane and propane crossed the Russia-built Crimea bridge over April 12-14 after a four-month wait and set sail for their destinations, Refinitiv…
U.S. crude oil and distillate inventories fell last week while gasoline inventories rose unexpectedly, the Energy Information Administration said on Wednesday.
Crude inventories (USOILC=ECI) fell by…
Finnish Ambassador to Iran Kari Kahiluoto said Finland is looking for economic opportunities in southern Iran in the wake of revival of friendly between the Islamic Republic…
Oil prices dropped sharply on Wednesday, sliding by 2% as potential U.S. interest rate hikes that could slow growth and curb oil consumption outweighed strong Chinese economic…
OPEC and the International Energy Agency (IEA) do not see eye to eye when it comes to the latest cuts in oil output by OPEC+ producers.
India and China have snapped up the vast majority of Russian oil so far in April at prices above the Western price cap of $60 per barrel,…
It will be very difficult for Europe to refill its gas storage to last year’s levels after the continent ended the winter heating season with relatively low…
South Pars Gas Complex (SPGC) produced 17.2 billion cubic meters (bcm) of natural gas over the winter, an increase of 6% compared to the quarter to late…
The length of oil and gas wells pipelines as well as the pipeline construction operation increased in the past Iranian calendar year 1401 (ended on March 20),…
The biogas power plant of units 5 and 6 of South Tehran Wastewater Treatment Plant was put into operation in the presence of Energy Minister Ali-Akbar Mehrabian…
Oil prices firmed slightly on Tuesday, after falling 2% in the previous session, as stronger economic data from the world’s largest crude importer China underpinned the demand…
Oil industry heavyweights claim that the sector continues to see structural underinvestment.
Predicting how an industry will look 20 or more years from now…
More than a dozen proposed LNG export projects in the United States could stall due to cost inflation and increased competition to secure financing.
Investors finished covering their short positions in petroleum last week, after Saudi Arabia and its allies in OPEC⁺ surprised traders by announcing an unexpected cut in their…
Russia’s oil production is forecast to remain stable until 2025, its Deputy Energy Minister Pavel Sorokin said, while Moscow plans reserves in order to make its supplies…
Oil prices turned lower on Monday as investors mulled over a possible May interest rate hike by the U.S. Federal Reserve, which could dampen economic recovery hopes,…
The Group of Seven (G7) coalition will keep a $60 per barrel price cap on seaborne Russian oil, a coalition official said, despite rising global crude prices…
Tehran will host the 14th edition of Iran Petrochemical Forum (IPF) at the IRIB International Conference Hall on May 1-2.
As reported, this edition…