As recent events, including threats to energy supply in Europe and uncertainty about commodity prices, have led the majority of oil and gas companies to increase their…
OIL Feed Atom
Beijing and Riyadh say they will ‘firmly support each other’s core interests’ during an official visit by President Xi Jinping to the kingdom.
Saudi…
After a bumper year of share buybacks and dividends, investors in debt-light Canadian oil and gas producers are set to reward shareholders even more in 2023 as…
China is paying the deepest discounts in months for Russian ESPO crude oil amid weak demand and poor refining margins even though the effective prices refiners pay…
Moscow is considering three possible options to respond to the introduction of a price cap on Russian oil by the EU and G7, a Russian newspaper reported.
Media sources on Tuesday reported that an Iranian tanker carrying about 2 million barrels of ultra-light oil arrived this week in Venezuelan waters.
Venezuela…
Iranian Minister of Petroleum Javad Owji hosted a meeting in his Tehran office on Tuesday evening with the visiting Tajik minister of energy.
The…
Oil prices fell in a volatile market on Tuesday as the U.S. dollar stayed strong and economic uncertainty offset the bullish impact of a price cap placed…
The National Iranian Oil Company has used modern methods developed by knowledge-based companies to discover new oil reserves in southwestern Iran, an official said.
The director of exploration of the National Iranian Oil Company (NIOC) announced the discovery of new oil reservoirs in the southwest of Iran, and said: “There are…
Oil prices rose 3% on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and the start of a G7 price…
The market for old oil tankers is booming, and it’s all down to efforts by Western nations to curb trade in Russian crude.
As…
The 34th OPEC and non-OPEC Ministerial Meeting took place by videoconference on Sunday, 4 December 2022.
In line with the decision of the OPEC…
Russia will not recognize a so-called ‘price cap’ on Russian oil which the European Union adopted this week, officials announced Saturday.
“We will not…
Iranian Minister of Petroleum Javad Owji underlined concerns about the possible consequences of the spread of coronavirus in some regions, especially China, for the economic growth of…
The 34th ministerial meeting of the Organization of the Petroleum Exporting Countries (OPEC) and their non-OPEC allies began a few minutes ago via video conference.
The 23 member countries of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) did not change the goal of reducing daily production by…
Venezuela’s state oil company PDVSA signed contracts with the American oil company Chevron on Friday, media have reported.
Venezuela’s oil minister Tareck El Aissami…
An Iranian-flagged tanker on Friday delivered an oil shipment to Syria which the United States had previously confiscated around Greece, a ship tracker said.
The presidency of the Organization of the Petroleum Exporting Countries (OPEC) and its board of governors were entrusted to Equatorial Guinea and Kuwait, respectively.