A member of the Energy Committee of the Islamic Parliament said: “Today, the economic cooperation between Iran and China is more coherent than ever, and the recent…
OIL Feed Atom
Ecuador’s oil industry will return to normal operations within three weeks, the government predicted on Friday after the energy ministry declared force majeure following a bridge collapse…
National Iranian Drilling Company (NIDC) dug and completed the digging operations of 93 oil and gas wells during the first 11 months of the current Iranian calendar…
Iranian Minister of Petroleum Javad Owji said all foreign currency obtained from the export of petrochemical and refining companies will be offered in the Iran Center of…
An expert on energy issues said since the driving engine of China’s economy is the energy sector and Iran also has stable sources of energy, the latter…
Saudi Arabia made the cut in the oil production for the fourth month in a row in December, bringing the total Saudi oil production to about 10.44mln…
Companies in Singapore will have to consider and manage any potential impact on their business activities, transactions, and customer relationships when dealing with Russian crude oil and…
China’s top oil and gas major CNPC has completed a months-long reshuffle with the addition of six regional offices that report to Beijing headquarters to better coordinate…
The United States plans to announce $250 million in aid on Friday to shore up Ukraine’s energy infrastructure in the face of Russian attacks and $300 million…
Iran’s Deputy Minister of Oil for Engineering, Research and Technology Vahidreza Zeydifard has said that Tehran is ready to build oil refineries in the Central Asian country.
Russia plans to cut oil exports from its western ports by up to 25% in March versus February, exceeding its announced production cuts in a bid to…
Oil prices firmed on Thursday after Brent crude posted its biggest one-day loss for seven weeks in the previous session, with gains on Russian supply curbs capped…
The United States will need oil production for at least another decade, President Joe Biden said in his State of the Union address earlier this month. Analysts and…
Saudi Arabia’s state-run oil giant, Saudi Arabia, is now the world’s third-largest company by market capitalization, according to the companiesmarketcap.com list.
Aramco, with a…
Oil prices fell on Wednesday as concerns about fuel demand were stoked by expectations minutes of the U.S. Federal Reserve’s last policy meeting due later in the…
Iraq signed deals with UAE firm Crescent Petroleum and two Chinese companies on Tuesday for the development of six oil and gas fields as it seeks to…
Iran has set the official selling price (OSP) of its Iranian Light crude oil grade for Asian buyers at $2 a barrel above the Oman/Dubai average for…
Brent oil slipped in a volatile session on Tuesday as persistent concerns about global economic growth outweighed supply curbs and prompted investors to take profits on the…
The head of the Institute of International Energy Studies (IIES) stated that the relations between Iran and China are getting stronger, and said: “The Chinese have always…
Decisions by OPEC+ are not politicised and are based on market fundamentals, Saudi Arabian energy minister Prince Abdulaziz bin Salman said on Monday, adding that the alliance…