The Abu Dhabi National Oil Company (ADNOC) has informed at least three buyers in Asia that it will supply full contractual volumes of crude in July, steady…
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Oil prices jumped on Friday but were set for a third straight week of losses after dramatic drops on fears over the economic impact of interest rate…
Iran’s president on Thursday voiced his country’s readiness to share its achievements in energy, oil, gas, petrochemical, electricity, scientific, and technological sectors with Syria.
The strong start to the year for Asia’s imports of crude oil came to a halt in April, with arrivals dropping to a seven-month low as top…
More than half of the 22 oil tankers in Venezuela’s fleet are so run down that they should be immediately repaired or taken out of service, according…
Russia’s federal budget revenues from oil and gas, the lifeblood of its economy, fell 64% in April from the year-earlier period and declined by 5.9% from March,…
Oil prices were steady on Thursday after an European Central Bank (ECB) decision to slow interest rate hikes, but were unable to claw back much of this…
Iran and Syria signed a comprehensive plan for strategic and long-term cooperation and 14 other documents, including oil and energy agreements, in Damascus on Wednesday.
Iran’s President Seyyed Ebrahim Raeisi accompanied by some ministers, including Oil Minister Javad Owji, arrived in Damascus on Wednesday.
Heading a high-ranking economic and…
A survey conducted by Bloomberg shows that OPEC crude oil production fell by 310,000 bpd in April.
OPEC’s crude oil production fell last month…
Canadian Trade Minister Mary Ng met U.S. Trade Representative Katherine Tai on Tuesday and the two discussed working together to address “shared challenges” regarding Mexico’s energy and…
Oil prices extended losses on Wednesday after plunging 5% in the previous session, as investors fretted about the health of the U.S. economy ahead of an expected…
Iran’s oil minister said the country’s oil production has risen to over 3 million barrels per day (mbd) in the past 20 months ago.
Oil prices fell in Asian trade on Tuesday, extending losses seen in the previous session, as weak economic data from China and expectations of a U.S. interest…
Iran’s Deputy Oil Minister and Managing Director of National Petrochemical Company (NPC) Morteza Shahmirzaei pays a visit to an exhibition held on the sidelines of the 14th…
Saudi Aramco is now the world’s second-largest company in the world after overtaking Microsoft.
While Apple remains the world’s largest company, Saudi Aramco reported…
China’s biggest listed steelmaker, Baoshan Iron and Steel Co, said on Monday it has signed agreements with Saudi Aramco and Public Investment Fund (PIF) to build a steel…
Oil fell on Monday as concern over the economic impact of the U.S. Federal Reserve potentially raising interest rates and weaker Chinese manufacturing data outweighed support from…
IRGC Commander Major General Hossein Salami appointed Brigadier General Abdolreza Abed as the new commander of Khatam-al Anbiya Construction Headquarters.
General Abed has been…
To date, Azerbaijan has oil reserves estimated at some 7 billion barrels and produces over 800,000 bpd. Most of this is exported as the country’s…