Iranian Oil Minister Javad Owji said numerous projects have been defined in the southern province of Bushehr to turn it into a refining hub within years.
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Potential OPEC+ production cuts mooted this week by Saudi Arabia may not be imminent and are likely to coincide with the return of Iran to oil markets…
Germany hopes Canadian liquefied natural gas (LNG) will help ease its shift away from Russian gas imports, Chancellor Olaf Scholz said on Tuesday, a day after Canada…
Oil prices soared more than $3 a barrel on Tuesday after Saudi Arabia floated the idea of OPEC+ output cuts to support prices and with the prospect…
Stating that Iran is ready for the maximum gas swap, Chief Executive of the National Iranian Oil Company (NIOC) said that oil production capacity will reach more…
Turkey has increased oil imports from Russia to over 200,000 barrels per day (bpd) on average so far this year, up from 98,000 bpd over the same…
OPEC+ produced 2.892 million barrels per day (bpd) below their targets in July, two sources from the producer group said, as sanctions on some members and low…
PARIS, Aug 22 (Reuters) – TotalEnergies (TTEF.PA) of France and Italy’s Eni (ENI.MI) on Monday announced a significant natural gas discovery at the Cronos-1 well off Cyprus.
The…
Oil prices fell 2% in volatile trading on Monday, ending a three-day streak of gains, on fears that aggressive U.S. interest rate hikes may lead to a…
Specialists of the Iranian Offshore Engineering and Construction Company (IOEC) successfully completed the shore pull operation of the new 32-inch pipeline of phase 16 of South Pars…
The CEO of the Iranian Offshore Oil Company (IOOC) said the first stage of development of the Esfandiar joint oilfield, which is shared with Saudi Arabia, has…
Shortly before his two-day trip to Canada, German Chancellor Olaf Scholz received support for his interest in Canadian liquid natural gas to help replace Russian gas imports…
Continued worries about the global economy sent crude prices to their lowest level since January despite signs of improving US demand.
West Texas Intermediate…
The Chief Executive of Iranian Offshore Oil Company (IOOC) said that the first phase of development of Esfandiar Joint Oilfield has been put atop the agenda of…
Venezuela suspended the shipments to Europe under a deal that allows them to trade oil for debt relief.
According to OilPrice, with natural gas imports…
Russia held its spot as China’s top oil supplier for a third month in July, data showed on Saturday, as independent refiners stepped up purchases of discounted…
Caspian Pipeline Consortium (CPC) has suspended oil loadings from two of three single mooring points (SPM) at its Black Sea terminal Yuzhnaya Ozereyevka for inspections, two sources…
Iran increased its oil exports in June and July and could raise them further this month by offering a deeper discount to Russian crude for its main…
Germany’s Siemens Energy and Russia’s Gazprom PJSC are turning their dispute over a stranded gas turbine into a battle of the bands.
The equipment is an integral part…
China’s ENN Energy Holdings (2688.HK) reported retail gas sales in the first half of 2022 grew 5.1% from a year earlier, less than a quarter of the pace in…