Oil prices rose on Monday as investors assessed efforts by authorities to rein in concerns over the global banking system while Russian President Vladimir Putin’s plans to…
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Saudi Aramco plans to build a $10-billion refining and petrochemical complex in China in order to take advantage of the country’s growing fuel and chemical…
The National Iranian Oil Company (NIOC) managing director here on Sunday said a 160-billion-dollar investment is required to increase the country’s oil and production capacities by 50…
Saudi Arabian oil giant Aramco (2223.SE) affirmed on Sunday its support for China’s long-term energy security and development, the company’s CEO Amin Nasser said in remarks made before a…
Commodity experts at Standard Chartered are saying that the path of least resistance for oil prices at this point is higher.
After a major…
Iraq halted 450,000 barrels per day (bpd) of crude exports from the semi-autonomous Kurdistan region and northern Kirkuk fields on Saturday, an oil official told Reuters, after…
The nationalization of Exxon Mobil’s assets in Chad comes after the oil giants divested from them in December 2022, media have reported.
Chad has…
Average daily gasoline consumption in Iran rose 11 percent in the past Iranian calendar year 1401 (ended on March 20), according to the managing director of the…
Iranian Oil Minister Javad Oji said that a new record high will be reached in the country’s oil export in the current Iranian calendar year 1402 (began…
Oil prices fell sharply on Friday amid declining European banking shares and after U.S. Energy Secretary Jennifer Granholm said refilling the country’s Strategic Petroleum Reserve (SPR) may…
National Iranian Drilling Company (NIDC) dug and completed the digging operation of 99 oil and gas wells during the past Iranian calendar year 1401 (ended on March…
Experts at Research Institute of Petroleum Industry (RIPI), which is the main center of research and exploration for gas hydrates in Iran, say that each cubic meter…
Oil Minister Javad Owji Friday said that Iran will set a new record in oil exports in the new Iranian calendar year starting Tuesday.
The recent agreement between Iran and Saudi Arabia on resumption of diplomatic relations will have positive impacts on energy, economic, and political sectors of West Asia, particularly…
Oil prices steadied on Thursday, having hit their lowest since late 2021 earlier this week, as strong U.S. jobs data countered bearish signals from Fed Chair Jerome…
An oil tanker runs aground off eastern China, leaking fuel into the water. Another is caught in a collision near Cuba. A third is seized in Spain…
Wood Mackenzie believes China’s economic growth could exceed expectations and spark a surge in energy commodity prices.
China’s GDP growth has outperformed…
Iran has achieved its highest level of oil exports for at least two years, surpassing the previous high of 1.3 million barrels a day despite US sanctions,…
The price of Azeri LT CIF Augusta totaled $76.71 per barrel on March 21, increasing by $1.96 compared to the previous price, News.Az reports.
The…
Lukoil, Russia’s largest private oil company, is planning to enter the retail fuel market in neighbouring Kazakhstan by launching a franchisee project, four sources familiar with the…