The Biden administration is approving a scaled-back version ConocoPhillips’ (COP.N) $7 billion oil and gas drilling project in Alaska, the U.S. Department of Interior said on Monday.
OIL Feed Atom
Oil prices fell $2 in volatile trading on Monday as the collapse of Silicon Valley Bank hit equities markets and raised fears of a fresh financial crisis,…
The expansion of relations between the world’s energy powers such as Iran, Russia, and Saudi Arabia plays an effective role in developing global economy, said a member…
Saudi Arabian oil giant Aramco (2222.SE) on Sunday reported a record annual net profit of $161.1 billion for 2022, up 46% from the previous year on higher energy prices,…
Iran’s oil exports have reached their highest level since the reimposition of U.S. sanctions in 2018, the country’s Oil Minister Javad Owji said on Sunday, according to…
Aramco Chief Executive Amin Nasser said on Sunday that the oil market would remain tightly balanced in the short to medium term, adding that he was cautiously…
Oil Minister Javad Owji here on Sunday announced that the prices of crude oil and gas condensates sold to foreign clients in Iran Energy Exchange (IRENEX) within…
A high-ranking trade delegation from West Africa paid a visit to Pars Special Economic Energy Zone (PSEEZ).
Arranging the visit, the Iranian Ministry of…
Transactions of crude oil and gas condensate certificates of deposit in Iran Energy Exchange (IRENEX) started here on Sunday.
The transactions were given the…
Iran-Russia Joint Economic Commission will hold business-to-business (B2B) meetings here in May.
Led by the Iranian Ministry of Petroleum’s Department for International Affairs and…
The price of Azeri LT CIF Augusta decreased by 66 cents amounting to $84.79 per barrel on March 10, 2023, Azernews reports.
The price…
President Joe Biden’s administration has not yet made a final decision on whether to approve ConocoPhillips’ (COP.N) massive Willow oil project in northwest Alaska, the White House said on…
Iran’s oil minister on Saturday talked of good agreements with giant Chinese companies, record annual production of sour gas, and launch of Phase 11 of South Pars…
The exploration director of the National Iranian Oil Company (NIOC) said seismographic operations reached an “unprecedented” level in over a one-year period when compared with those in…
The United Nations has purchased a large tanker to store about 1.1 million barrels of oil that will be transferred from a decaying vessel off Yemen’s coast…
Oil prices edged higher on Friday buoyed by better-than-expected U.S. employment data though both benchmarks remained on course to fall more than 4% on the week amid…
A high-ranking trade delegation from West Africa paid a visit to Iran’s Oil and Gas Industry Innovation and Technology Park.
The delegation visited…
Oil steadied on Thursday after a two-day decline as strike-disrupted fuel supply in France, a drop in U.S. crude inventories and a weaker dollar offset fears over…
The Iranian oil minister has given more details about a recent agreements with Oman on the development of energy ties with the southern neighbor.
Iran will soon astonish the world by displaying its exploration expertise, vowed a National Iranian Oil Company (NIOC) official here on Tuesday.
Talking to…