The Central Bank of Iran (CBI) report showed a 15.4 percent economic growth in the country’s oil sector in the previous Iranian year, which ended on March…
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Oil prices rose on Tuesday on expectations of potential economic stimulus by China, healthy demand in the rest of Asia and a drop in U.S. crude stockpiles.
The biggest losers will be Asia’s developed economies heavily dependent on oil imports.
The world’s biggest oil exporters will benefit from the surprise OPEC+…
State oil giant Saudi Aramco (2222.SE) will supply full crude contract volumes loading in May to several North Asian buyers despite its pledge to cut output by 500,000 barrels…
Oil prices edged higher on Monday, after rising for three straight weeks, as looming supply cuts from Saudi Arabia and other OPEC+ producers offset concern about weakening…
Saudi Arabia’s stock market finished higher on Sunday, ending two sessions of losses, while the Egyptian bourse extended losses on rising inflation.
Saudi Arabia’s…
On April 9, 2023, shares of Northern Oil and Gas (NYSE:NOG) opened at $32.57, revealing an interesting trading day ahead for investors. With a current ratio of…
Saudi Arabia, the world’s top oil exporter, has raised the prices of its flagship crude for Asian buyers for the third straight month.
The…
More that 1,300 offshore workers are to stage a 48-hour strike in a dispute over pay.
Unite warned that dozens of oil and gas…
Soaring oil prices have boosted the economies of MENA, leading to budget surpluses for some Gulf Arab states.
Gulf nations are diversifying their economies…
Iran managed to increase by 65 percent horizontal directional drilling from its oil and gas wells in both offshore and onshore regions during the last Iranian calendar…
Chinese private refineries are buying more Iranian oil as competition for supplies from Russia rises, Bloomberg reported.
So-called teapots are prioritizing the flows, with…
When Iraqi and Kurdish officials met in Baghdad this week over a long-running dispute that has halted oil exports from Iraq’s semi-autonomous region of Kurdistan, insiders said…
Iranian President Ebrahim Raisi said that the oil and gas sector experienced a growth of nine percent in the past Iranian calendar year 1401 (ended on March…
Oil prices inched lower on Wednesday, despite greater than expected draws in U.S. crude oil and fuel stocks, as the market weighed worsening economic prospects against expectations…
Iran’s Oil Minister Javad Owji Wednesday said OPEC+ decided to cut its output amid growing pressures from the U.S. for a rise.
Saudi Arabia…
Iran’s former OPEC governor said the recent decision OPEC+ made to cut its output will put the brakes on the reduction of oil prices and stabilize the…
President Seyyed Ebrahim Raeisi here on Tuesday said Iran’s oil and gas production witnessed a nine percent growth in the past Iranian calendar year, which ended on…
Venezuela’s oil exports rose in March to the highest monthly average since August, boosted by a resumption of loadings after an export freeze and by rising cargoes…
Oil prices rose on Tuesday after OPEC+ plans to cut more production jolted markets the previous day, with investors’ attention shifting to demand trends and the impact…