Iranian Oil Minister Javad Oji says the country has been able to collect up to 2.5 times more oil revenues in the last Iranian calendar month (January…
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The 27th International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2023) is scheduled to be held at Shahr-e-Aftab International Exhibition Center during May…
The head of the International Energy Agency (IEA), Fatih Birol, said Russia has gone from being “one of the cornerstones of the global energy system” to forfeiting…
Chinese state-owned oil and gas corporation CNOOC has announced the discovery of a major oilfield with light crude reserves of 100 million tons in the Bohai Sea,…
Iran and Oman signed a memorandum of understanding (MOU) in Tehran on Saturday on cooperation in the development of oil and gas fields, investment making in petrochemical…
Oil prices dipped on Friday but were poised to register a weekly gain, with renewed optimism on China’s demand recovery outweighing worries over recession, growing U.S. crude…
China’s seaborne imports of Russian oil are set to hit a record this month after refiners took advantage of cheap prices as domestic fuel demand rebounded, but…
The Canadian Association of Petroleum Producers (CAPP) said on Wednesday it expects oil and natural gas investment in upstream production will reach C$40 billion ($29.4 billion) in…
Oil prices pared early gains on Thursday as signs of a strong economic rebound in top crude importer China were offset by fears over the impact of…
Iranian President Ebrahim Raeisi arrived in Bushehr Province on Thursday morning as part of his regular visits to different provinces to inaugurate major government projects.
Canada Pension Plan Investment Board (CPP) agreed on Tuesday to buy a 49% stake in Aera Energy, a California oil venture being acquired by German asset manager…
French oil company TotalEnergies (TTEF.PA) said on Wednesday it had agreed to buy the upstream assets in the United Arab Emirates of Spanish energy company Cepsa (CPF.GQ).
Oil slipped on Wednesday, giving up an earlier gain, as signs of ample supply and rising U.S. crude inventories countered hopes for higher demand arising from a…
The head of the Iran Oil Terminals Company (IOTC) has said that Jask Oil Terminal, as a national and strategic project under the management of IOTC in…
National Iranian South Oil Company (NISOC)’s plan to develop 28 reservoirs, with the focus being on output preservation and enhancement, is accelerating. Ali Reza Daneshi, CEO of…
The Iranian Petroleum Ministry’s Directorate of OPEC and Int’l Energy Fora has analyzed the oil market to conclude that last year’s developments gave rise to a new…
As the international oil market warms up for 2023 let’s take a look at major events that had immense impact on the world oil markets in 2022….
Morgan Stanley has raised its global oil demand growth estimate for this year by about 36%, citing growing momentum in China’s reopening and a recovery in aviation,…
Russian oil pipeline monopoly Transneft said on Monday that it had started pumping oil from Kazakhstan to Germany via Poland through the Druzhba pipeline, while halting deliveries…
Oil prices edged lower on Monday as a stronger dollar discouraged buying though losses were limited by supply concerns after Russia halted exports to Poland via a…