Saudi Arabia’s crude oil exports fell to a five-month low in November, while production also slipped, data from the Joint Organisations Data Initiative (JODI) showed on Thursday.
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Oil futures rose slightly on Thursday, recouping losses from earlier in the session as an expected rise in Chinese demand and further restrictions on Russian exports suggested…
Latest figures by the Organization of the Petroleum Exporting Countries (OPEC) show that Iran’s crude oil prices rose by an average of over $30 per barrel year…
Oil prices rose to their highest in two weeks on Tuesday after China posted weak but expectation-beating annual economic growth data and on hopes that a recent shift in…
OPEC said on Tuesday Chinese oil demand would rebound this year due to relaxation of the country’s COVID-19 curbs and drive global growth, and sounded an optimistic…
At least four Chinese-owned supertankers are shipping Russian Urals crude to China, according to trading sources and tracking data, as Moscow seeks vessels for exports after a…
India-Iran relations have a deep civilizational background and need to be viewed outside the framework of daily politics and current trends such as anti-government protests in Iran,…
Oil prices rose on Friday and were on track to gain over 7% on the week due to solid signs of demand growth in top oil importer…
Oil rose more than 1% on Thursday supported by optimism over China’s demand outlook and hopes that upcoming inflation data from the United States will point to…
Goldman Sachs expects that the growing ability of the Organization of the Petroleum Exporting Countries (OPEC) to raise prices without hurting demand too much will limit downside…
According to the Scimago Ranking System, the Petroleum University of Technology (PUT) was ranked first in Iran, first in the Middle East, and seventh in the world…
Oil extended gains on Monday, rising more than 3% after China’s move to reopen its borders boosted the outlook for fuel demand and overshadowed global recession concerns.
The U.S. Department of Energy has rejected the first batch of bids from oil companies to resupply a small amount of oil to the nation’s emergency crude…
Iranian Minister of Petroleum Javad Owji said a number of unfinished petroleum projects worth $8 billion in total are scheduled to come on stream by the end…
The ruling Taliban has signed a deal with a Chinese company to extract oil from northern Afghanistan’s Amu Darya basin as the radical Islamist group attempts to bolster the South Asian…
Russia is sending more crude oil produced in the Arctic region to China and India, and at steeper discounts, after Europe slammed its doors shut on Russian…
Oil steadied on Thursday in volatile trade after posting the biggest two-day loss for the start of a year in three decades with the shutdown of a…
Oil prices tumbled 4% in volatile trade on Tuesday, pressured by weak demand data from China, a gloomy economic outlook and a stronger U.S. dollar.
The government spokesperson announced the continuous increase in the export of crude oil and gas condensate, and said: “Last month, we saw record exports since the beginning…
The first vice president said 200 billion dollars have been earmarked for the country’s major projects in various sectors, including oil, industry, water, and electricity.