Oil rose on Thursday and was on track for a third weekly gain as further production cuts targeted by OPEC+ and a drop in U.S. oil inventories…
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Iranian President Ebrahim Raisi said that the oil and gas sector experienced a growth of nine percent in the past Iranian calendar year 1401 (ended on March…
The National Petrochemical Company (NPC) managing director Wednesday said the upcoming Iran Petrochemical Forum (IPF) will provide a good opportunity to acquire the world’s modern technical know-how…
Oil prices inched lower on Wednesday, despite greater than expected draws in U.S. crude oil and fuel stocks, as the market weighed worsening economic prospects against expectations…
Iran’s Oil Minister Javad Owji Wednesday said OPEC+ decided to cut its output amid growing pressures from the U.S. for a rise.
Saudi Arabia…
Iran’s former OPEC governor said the recent decision OPEC+ made to cut its output will put the brakes on the reduction of oil prices and stabilize the…
President Seyyed Ebrahim Raeisi here on Tuesday said Iran’s oil and gas production witnessed a nine percent growth in the past Iranian calendar year, which ended on…
Venezuela’s oil exports rose in March to the highest monthly average since August, boosted by a resumption of loadings after an export freeze and by rising cargoes…
Oil prices rose on Tuesday after OPEC+ plans to cut more production jolted markets the previous day, with investors’ attention shifting to demand trends and the impact…
Former OPEC affairs head of the Iranian Ministry of Petroleum cited two economic and political factors as main reasons behind the recent OPEC+ surprise decision to cut…
The collective oil output cut by OPEC+ is a very important decision made by the alliance, as it is, in fact, the big producers’ move toward ending…
The 48th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Monday, 3 April 2023.
The committee reviewed the crude…
The Kremlin said on Monday that it was in the interests of the world energy industry to support prices for oil and oil products, a day after…
Top oil exporter Saudi Arabia may raise crude prices for Asia in May after OPEC+ announced additional production cuts to shore up the market just as China’s demand is…
Russia’s largest oil producer Rosneft (ROSN.MM) and India’s top refiner Indian Oil Corp (IOC.NS) agreed to use the Asia-focused Dubai oil price benchmark in their latest deal to deliver Russian oil…
On Sunday, OPEC+ announced a surprise production cut of some 1.16 million barrels per day, increasing the total OPEC+ cut to 3.66 million bpd.
The head of Iran’s Renewable Energy and Energy Efficiency Organization (SATBA) announced the construction of 110,000 solar power plants with a capacity of five kilowatts (KW) for…
News broke this week that Saudi Arabia’s state oil company, Aramco, is further strengthening its relationship with the Chinese market. Aramco’s latest deal is a 10% acquisition of…
Iraq’s federal government and the Kurdistan Regional Government (KRG) have reached an initial agreement to restart northern oil exports this week, a KRG spokesman said on Sunday,…
Iran’s foreign debt stood at about $6.5 billion at the end of the tenth month of the past Iranian calendar year 1401 (January 20), down 25.15 percent…