OPEC+ considers this week’s slide in oil prices to a more than one-year low to be driven by financial fears, not any imbalance between demand and supply,…
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Oil prices clawed back some ground on Thursday, recovering from the previous session’s 15-month lows, as markets calmed somewhat after Credit Suisse (CSGN.S)was thrown a financial lifeline by…
Western sanctions on Russian and Iranian oil have channelled cheap fuel to Asia and in the process eroded a decades-long trend whereby the continent has paid more…
Iran is now among the exporters of petrochemical technologies, said the managing director of the country’s National Petrochemical Company (NPC).
Emphasizing that Iran has…
A senior expert in energy economics described the March 12 agreement between Iran and Saudi Arabia as the most important event…
Strikes against the French government’s planned pension reform entered a second week on Wednesday, disrupting maintenance at nuclear reactors, hitting liquefied natural gas (LNG) prices, and blocking…
Japan’s Osaka Gas Co Ltd (9532.T) plans to secure more liquefied natural gas (LNG) than usual in the financial year starting in April to ensure a stable supply of…
Oil extended its slide on Wednesday, falling 4% and hitting its lowest in more than a year as unease over Credit Suisse spooked world markets and offset…
Iran’s crude oil production increased 17,000 barrels per day (bpd) in February to reach 2.554 million bpd, according to OPEC’s latest monthly report.
As…
Cumulative natural gas production from Iran’s South Pars gas field has reached 241 billion cubic meters (bcm) in the current Iranian calendar year (ends on March 20),…
A petro-refinery in Abadan, southwestern Iran, having a production capacity of 210,000 barrels per day (bpd) will become operational within days, said Oil Minister Javad Owji here…
The second stage of reviving Iran’s low-yield wells got the go-ahead, as the Petroleum Industry Innotech Park head representing the National Iranian Oil Company and the representative…
The latest report of the Central Bank of Iran (CBI) showed that the country’s oil and sector witnessed the highest economic growth in autumn and the first…
Iran’s former OPEC governor is convinced that Iran-Saudi rapprochement will be to the advantage of crude oil importers and exporters of the Middle East and could stabilize…
The price of both oil and natural gas have fallen substantially in the past year, thanks to a milder-than-expected winter and weaker-than-expected demand.
The…
Western sanctions on Russian and Iranian oil have channelled cheap fuel to Asia and in the process eroded a decades-long trend whereby the continent has paid more…
A flood of liquefied natural gas (LNG) export projects due online worldwide in mid-decade will vie against lower-cost renewable energy and a revived nuclear power sector, which…
OPEC on Tuesday further raised its forecast for Chinese oil demand growth in 2023 due to the relaxation of the country’s COVID-19 curbs, although it left the…
Oil prices fell more than $2 a barrel on Tuesday to their sessions lows, extending the previous day’s slide, as the collapse of Silicon Valley Bank rattled equities…
Amid the economic crunch, Pakistan’s oil reserves are currently running low and the petroleum it purchases is being smuggled into Afghanistan.
The Print, an…