The National Iranian Oil Company (NIOC) managing director on Saturday said development of South Pars Oil Layer (SPOL) and Farzad B field will help increase oil and…
OIL Feed Atom
The International Energy Agency (IEA) does not expect moves by the Group of Seven nations to counter the evasion of price caps on Russian energy will change…
As the war in Ukraine surpassed the one-year threshold with no solid evidence that it may end soon, the international oil and energy markets demonstrate its resilience…
The Islamic Republic of Iran and Saudi Arabia, the two great oil reserves holders and producers of the Middle East and OPEC, have agreed to restore relationship…
West Karoun area in western Iran is expected to form a new oil civilization. Based on plans, Iran intends to rely on the 11 oil fields located…
In coincidence with the anniversary of nationalization of Iran’s petroleum industry, President Ebrahim Raeisi and Minister of Petroleum Javad Owji oversaw the inauguration of the first section…
Oil prices fell on Friday, as investors worried that U.S. politicians will fail to agree on a new debt ceiling and trigger a default that would hurt…
China’s crude oil imports from Russia rose 8.6% in April from a year earlier, as larger private refiners also embarked on purchases of the discounted fuel.
An attorney representing the family of a 55-year-old Marathon Petroleum refinery worker killed in a fire at the Texas facility this week called the plant where he worked…
Iran’s oil minister on Saturday said his ministry’s “umbrella is open to fully protect domestic companies that present knowledge-based and environmental plans”.
Javad Owji…
More than 200 agreements and memorandums of understanding (MoUs) have been signed between Iranian and international companies during Iran Oil Show 2023, Iran’s oil minister said here…
Iran’s oil minister on Saturday announced that manufacturers on the Approved Vendor List (AVL) have for the first time in the country’s oil industry outnumbered suppliers.
Oil prices rebounded on Friday from losses of more than 1% the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt…
Middle East crude prices in Asia fell to their lowest level in months, despite OPEC+ production cuts, traders said, as Asian refiners held back spot purchases and…
Iran International Oil, Gas, Refining and Petrochemical Exhibition, having the motto “Oil Industry; Technological Production, Optimal Consumption”, is a symbol of neutralizing sanctions, the Iranian lawmaker said…
A senior U.S. Republican senator confirmed the rise in Iran’s oil revenues in recent months, confessing to the ineffectiveness of the sanctions that have been unilaterally imposed…
Oil prices were steady on Wednesday after a surprise rise in U.S. crude inventories stoked demand concerns as economic worries competed with a tighter supply outlook for…
India’s oil imports from Russia rose to a fresh record high in April, further reducing the share of Middle Eastern and African grades to their lowest level…
Iran’s first vice president paid a visit to the 27th Iran International Oil, Gas, Refining and Petrochemical Exhibition, aka Iran Oil Show 2023, on Wednesday.
Iran’s oil minister said the participation of 200 foreign companies in the 27th Iran International Oil, Gas, Refining and Petrochemical Exhibition, also known as Iran Oil Show…