Most analysts expect the surprise additional OPEC+ cuts of 1.16 million barrels per day (bpd) between May and December to significantly tighten supply in the second half…
OIL Feed Atom
Brazilian environmental agency Ibama has recommended the rejection of state-run oil firm Petrobras’ request to drill a well in the mouth of the Amazon River Basin, documents seen…
Oil and gas projects worth $15 billion will be inaugurated by the end of the current Iranian calendar year (March 19, 2024), vowed Oil Minister Javad Owji…
Oil prices will pick up pace towards $90 a barrel over the course of this year as production cuts by OPEC+ and rebounding China demand shield against…
The U.S. crude oil being added to the global Brent benchmark will lack the list of cargoes scheduled to load that could help set the price, a…
Hungarian oil group MOL expects to be able to choose between Russian or non-Russian crude for its refineries by 2026, its Chairman and Chief Executive Zsolt Hernadi…
The executive operations of Sohrab oil field development project officially kicked off during the visit of Iran’s President Seyyed Ebrahim Raeisi to southwestern province of Khuzestan on…
Iran’s President Seyyed Ebrahim Raeisi on Friday inaugurated a project to boost extraction from joint Azadegan oil field in southwestern province of Khuzestan by 45,000 barrels per…
Russian Deputy Prime Alexander Novak said on Thursday the OPEC+ group of leading oil producers saw no need for further output cuts despite lower-than-expected Chinese demand, but…
Oil prices steadied on Thursday after the previous day’s price drop reversed the supportive impact of a surprise cut to OPEC production targets this month.
OPEC Secretary General Haitham Al Ghais said on Thursday the International Energy Agency (IEA) should be “very careful” about discouraging investment in the oil industry, which was…
In early February, Chief Allan Adam of the Athabasca Chipewyan First Nation in northern Alberta started fielding calls from community members after the provincial regulator revealed toxic…
Oil and gas producer Cenovus Energy Inc CVE.TO reported a fall in first-quarter profit on Wednesday, hurt by lower oil prices.
Crude oil prices were volatile…
Oil prices slipped on Wednesday, extending sharp losses from the previous session, even after a report showed that U.S. inventories fell last week, as the market took…
Iran’s oil minister here on Wednesday said projects worth $2.2 billion will be inaugurated during President Seyyed Ebrahim Raeisi’s visit to Khuzestan Province, southwestern Iran, in the…
One of the most troubled countries in the world, Venezuela is also the country with the world’s largest oil reserves.
Not all major oil…
Global refining margins have halved since February as Russian crude exports remain elevated despite sanctions, boosting fuel output from China and India, Reuters has
Oil slipped on Tuesday after two sessions of gains as uncertainty about the global economic outlook and a firmer dollar countered investor optimism about demand in China…
More than 1,500 Iranian and Foreign companies will participate in the 27th Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2023), which will be…
Iran’s deputy oil minister for international affairs and trade here on Monday said a high-ranking delegation from Russia will visit Tehran to sign cooperation documents.