Oil prices rose 1% on Thursday on expectations that demand will strengthen as top oil importer China reopens its economy and on news U.S. crude inventories have…
OIL Feed Atom
Shell (SHEL.L) has launched a strategic review of its home energy retail businesses in Britain, the Netherlands and Germany in the wake of “tough market conditions”, it said on…
Oil steadied on Wednesday after a decline in the previous session, as a rise in U.S. crude inventories and global recession worries countered optimism for a demand…
CEO of the National Iranian Oil Company Mohsen Khojasteh Mehr said that measures are being taken to prevent the pressure drops in the South Pars gas field.
The United States Department of Energy has introduced the Islamic Republic of Iran as the world’s third-largest oil and second-largest natural gas reserves holder.
The CEO of the National Iranian Oil Company (NIOC) said plans are under way to bring Iran’s crude oil production capacity to 5.7 million barrels per day…
Tehran’s representative in the Iranian parliament underlined the need for youth participation in different parts of the country, emphasizing the need to link the oil industry with…
An OPEC+ panel is likely to endorse the producer group’s current oil output policy when it meets next week, five OPEC+ sources said on Tuesday, as hopes…
Crude oil prices were steady on Tuesday as concerns about a global economic slowdown and expected build in U.S. oil inventories were offset by hopes of a…
The US Special Envoy for Iran Robert Malley said the Biden administration will increase pressure on China to cease imports of Iranian oil as the US tries…
Oil prices rose by 1% on Monday to $88.50 a barrel, extending last week’s gains on the back of a stronger outlook thanks to an expected economic…
The International Energy Agency estimated Iran’s oil production in December 2022 at 2.72 million bpd, announcing that Iran’s rank upgraded to the fourth among top oil suppliers…
In Canada’s western oil patch, controversy is raging over federal government legislation intended to help the fossil fuel labour force transition to a greener economy, but union…
With the commissioning of the Abadan oil refinery development plan, for the first time in the Middle East, the largest crude oil vacuum and atmospheric distillationun its,…
Under the 7th National Economic Development Plan, Iran is required to reduce crude oil and natural gas sales by developing the value chain and bring its oil…
Over recent years, Iran’s oil industry has enjoyed significant acceleration and progress in the exploitation of projects. By briefly reviewing the development process of the remaining phases…
CEO of National Iranian Oil Company (NIOC) Mohsen Khojasteh-Mehr recently told a conference on oil and gas wells enhance recovery that $2.5 billion had been invested in…
Group of Seven officials have agreed to review the level of the price cap on exports of Russian oil in March, later than originally planned in order…
Renewable energy is likely to eventually overtake Fortescue Metals Group’s (FMG.AX)iron ore business, despite strong tailwinds for the commodity ahead, the company’s former chief executive officer Elizabeth Gaines…
Oil rose on Friday and was heading for a second straight weekly gain, spurred largely by brightening economic prospects for China and resulting expectations of a boost…