Iranian heavy oil price increased by $2.45 in January to register a 3.1-percent increase compared to December 2022, according to OPEC’s latest monthly report published on February…
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China’s commerce ministry has met independent oil refiners to discuss their deals with Russia, five sources with knowledge of the matter said, imports which have saved Chinese…
Oil fell 3% on Friday and was on course for a weekly decline, pressured by concerns of more U.S. Federal Reserve interest rate hikes that could weigh…
The U.S. is stepping up efforts to enforce sanctions on Iran’s energy exports.
The world’s largest crude importer and main customer of Iranian oil,…
Cenovus Energy Inc (CVE.TO)posted a net profit for the fourth quarter on Thursday, compared with a loss last year, and said Chief Operating Officer Jon McKenzie would become…
Oil prices fluctuated in a narrow range on Thursday as it weighed a large build in U.S. crude inventories and hopes for a Chinese demand recovery.
Oil prices dropped for a second day on Wednesday on signs of ample U.S. supplies and expectations of further interest rate hikes, though forecasts of higher 2023…
Saudi Arabia reduced in early January the price of its crude oil going to Asia and Europe in February, expecting still weak demand, but signs started to…
OPEC has raised its 2023 forecast for global oil demand growth in its first upward revision for months, citing China’s relaxation of COVID-19 restrictions and slightly stronger…
The global oil and gas industry’s profits in 2022 jumped to some $4 trillion from an average of $1.5 trillion in recent years, the head of the…
Oil prices fell on Tuesday after the U.S. government said it would release more crude from its Strategic Petroleum Reserve and edged down further after U.S. inflation…
The director of investment and business of the National Iranian Oil Company (NIOC), emphasizing that the 13th administration, unlike the previous administration, has a strategic view of…
The CEO of the National Iranian Oil Company (NIOC) emphasized the need to accelerate the maintenance of the production capacity of the fields operated by the Iranian…
The Deputy Head of Technology of the Oil and Gas Park said: “Until the past few years, the gross domestic product from the knowledge-based sector was a…
The Nordlotus sailed from Turkey’s Ceyhan oil export hub loaded with Azeri crude oil on Monday, the first since the earthquakes that hit the region on Feb….
Russia plans to sell more than 80% of its oil exports to what it calls “friendly” countries in 2023, Deputy Prime Minister Alexander Novak said on Monday,…
Venezuela will contract with an Iranian shipyard to build two oil tankers under an existing construction agreement according to people familiar with the matter and documents.
Iran and Russia are still in talks over a potential agreement that will allow the delivery of Russian oil and natural gas supplies via Iran to other…
The CEO of Gachsaran Oil and Gas Production Company announced the daily increase of 180,000 barrels of oil with the use of skid-mounted crude oil processing unit…
A member of the Expediency Council and representative of the Supreme Leader in the Supreme National Security Council said: “The enemies announced that you cannot sell oil,…