Iran’s Deputy Minister of Oil for Engineering, Research and Technology Vahidreza Zeydifard has said that Tehran is ready to build oil refineries in the Central Asian country.
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Russia plans to cut oil exports from its western ports by up to 25% in March versus February, exceeding its announced production cuts in a bid to…
Oil prices firmed on Thursday after Brent crude posted its biggest one-day loss for seven weeks in the previous session, with gains on Russian supply curbs capped…
The United States will need oil production for at least another decade, President Joe Biden said in his State of the Union address earlier this month. Analysts and…
Saudi Arabia’s state-run oil giant, Saudi Arabia, is now the world’s third-largest company by market capitalization, according to the companiesmarketcap.com list.
Aramco, with a…
Oil prices fell on Wednesday as concerns about fuel demand were stoked by expectations minutes of the U.S. Federal Reserve’s last policy meeting due later in the…
Iraq signed deals with UAE firm Crescent Petroleum and two Chinese companies on Tuesday for the development of six oil and gas fields as it seeks to…
Iran has set the official selling price (OSP) of its Iranian Light crude oil grade for Asian buyers at $2 a barrel above the Oman/Dubai average for…
Brent oil slipped in a volatile session on Tuesday as persistent concerns about global economic growth outweighed supply curbs and prompted investors to take profits on the…
The head of the Institute of International Energy Studies (IIES) stated that the relations between Iran and China are getting stronger, and said: “The Chinese have always…
Decisions by OPEC+ are not politicised and are based on market fundamentals, Saudi Arabian energy minister Prince Abdulaziz bin Salman said on Monday, adding that the alliance…
Oil prices rose on Monday, buoyed by optimism over Chinese demand, continued production curbs by major producers and Russia’s plans to rein in supply.
Iranian Foreign Ministry Spokesperson Nasser Kan’ani rejected the claims raised by the Israeli regime’s Prime Minister who accused Iran of attacking an oil tanker in the Persian…
The oil executive who will lead this year’s United Nations climate talks has responded to fears that fossil fuel interests are hijacking the process: his “top priority”…
The government also said its three oil marketing companies are not buying crude from Russia but only the private companies are the ones who are buying, refining…
The former director of international affairs of the National Iranian Oil Company (NIOC) emphasized that the economy of Iran and China can complement each other and meet…
The Iranian delegation attended separate meetings with the managers of Turkmengas, Turkmenneft and Turkmenchemistry companies on the second day of Iran’s exclusive exhibition in Turkmenistan.
China’s crude imports may rise between 500,000 and 1 million barrels per day (bpd) this year to as high as 11.8 million bpd
China…
Lebanese Minister of Energy and Water Walid Fayad said drilling of the first exploratory oil well in the country is expected to begin at the end of…
Oil settled down $2 a barrel on Friday and ended the week markedly lower, as traders worried that future U.S. interest rate hikes could weigh on demand…