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 Feed Atom
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…
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…
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.