Oil prices edged up on Monday as the prospect of tightening supplies due to OPEC+ production cuts and a resumption in U.S. buying for reserves outweighed concerns…
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Canadian energy stocks are looking increasingly cheap after the latest selloff in crude prices.
Earlier in the year, Wall Street was mostly bullish about…
Crude oil started trade this week with a decline, based on Asian trade data from earlier in the day, as traders’ worry about the state of the…
The National Iranian Oil Company (NIOC) managing director on Sunday unveiled 16 new exploration blocks.
Mohsen Khojastehmehr, who paid a visit to NIOC’s Exploration…
OPEC’s global oil demand forecast for 2023 was held steady for a third month, with the producer group citing the potential Chinese growth to be offset by…
Iraq does not expect the Organization of the Oil Exporting Countries and its allies, known as OPEC+, to make further cuts to oil output at its next…
Why is capital critical to Canadians’ well-being? Because capital fuels our economy, performing as a hand up versus a taxpayer handout. Yet, being mobile, it also seeks…
Global Energy Monitor, in a recent report, has said Iran is the world’s top country in terms of oil pipelines under construction.
Based on…
More than 200 foreign companies from 13 countries will participate in the 27th Iran International Oil, Gas, Refining and Petrochemical Exhibition, aka Iran Oil Show 2023, the…
Turkey, in the meantime, is preparing for a critical election on May 14, and Turkish officials have previously indicated that they might hold off on restarting the…
Sour crude oil supplies for U.S. Gulf Coast oil refiners will be squeezed in coming weeks, market participants said, as global demand rises following this month’s OPEC+…
Iran’s crude oil production increased 48,000 barrels per day (bpd) in April to reach 2.63 million bpd, according to OPEC’s latest monthly report Published on Thursday.
Iran’s policy in Iraq after Saddam Hussein’s regime has been to strengthen bilateral cooperation in all fields including political, economic, and security.
Unfortunately, due…
China has dramatically increased use of the yuan to buy Russian commodities over the past year, with nearly all of its purchases of oil, coal and some metals now…
Russia’s Deputy Energy Minister Pavel Sorokin held a call this month with Western analysts about country’s oil production, trying to convince them that Russia had reduced output…
Oil prices dropped on Thursday as a political standoff over the U.S. debt ceiling triggered recession jitters in the world’s biggest oil consumer, where rising jobless claimed…
Natural gas prices are also expected to climb in the second half of 2023, which could spell trouble for Europe as it has failed to secure sufficient…
Iran’s Oil Minister Javad Owji and his Iraqi counterpart Hayan Abdel-Ghani here on Wednesday signed a memorandum of understanding (MoU).
Based on the MoU…
The combination of higher operating costs, increased interest rates, and a drop in both oil and gas prices suggests the good times may soon be at an…
Oil prices fell on Wednesday, ending a three-day rally as an unexpected rise in U.S. oil inventories sparked demand concerns and investors waited for inflation data for…