Oil producers should avoid making commitments that will pay off years from now when the market could be far weaker than at present.
Not…
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The Group of Seven rich nations on Sunday set big new targets for solar power and offshore wind capacity, agreeing to speed up renewable energy development and move toward…
Iran and Venezuela inked new memorandums of understanding (MoUs) and documents on the development of oil and gas fields, the overhaul of refineries and petrochemical complexes, and…
The National Iranian Oil Company (NIOC) managing director said on Saturday the first phase of the NGL 3200 project will become operational soon, describing it as a…
In its latest report, the Organization of Petroleum Exporting Countries (OPEC) said Iran produced 2,567,000 barrels of oil per day (bpd) in the last month of the…
Owji has traveled to Venezuela to discuss ways to “strengthen energy relations” between the two friendly nations, according to the Latin American country’s foreign ministry.
Average daily gasoline consumption in Tehran rose five percent during the New Year holidays (Norouz) (March 21-April 2), the managing director of Tehran Oil Refining and Distribution…
Iran’s president on Friday described the increase in oil sales and the hard currency supply as a part of his administration’s “achievements”.
Talking…
Several Asian refiners are likely to maximise gasoline output from May and reduce gasoil output, cashing in on higher profits for the motor fuel ahead of the…
In its Oil Market Report, the IEA said that the latest OPEC+ cuts could exacerbate the oil supply deficit and push oil prices higher.
Oil prices are on course for their fourth consecutive weekly gain, with WTI trading above $82 and Brent trading above $86.
In its latest…
Oil prices fell a dollar a barrel on Thursday, as an OPEC report stoked summer demand worries and traders took profits after benchmarks scaled multi-month highs in…
Oil prices were stable on Thursday as the market weighed the prospect of tight supply against possible recession in the United States, the world’s largest oil consumer.
Oil products shipments from TotalEnergies’ Donges and La Mede refineries were disrupted on Thursday, a company spokesperson said, with 20% of operational staff having joined strike action…
Iranian Oil Minister Javad Owji has traveled to Venezuela to discuss ways to “strengthen energy relations” between the two friendly nations, according to the Latin American country’s…
Oil prices steadied Wednesday as the market waited for U.S. inflation data later in the day that will likely influence the Federal Reserve’s policy on interest rate…
In its Short-Term Energy Outlook, the EIA said that it expects the global oil market to remain in surplus this year and next.
Despite…
Iran’s gasoline consumption in the first 19 days of the Persian New Year (March 21 – April 8) shows a nine percent rise compared to figures from…
Kazakhstan has started arbitration proceedings against companies developing its Kashagan and Karachaganak oilfields over $13 billion and $3.5 billion respectively in costs deducted as part of profit-sharing…
Russia started fuel exports to Iran by rail this year for the first time after traditional buyers shunned trade with Moscow, according to three industry sources and…